income tax return is a form of filing the information of income and tax to the income tax department directly. The taxpayer's liability is totally based on his or her income.
Refund Status
What id IT Refund?
IT refund means the amount of excess tax you have paid as compared to the amount of tax you have to pay then the balance of the amount remained is called the refund.
The procedure of refund normally takes 30 t 45 days from the date you filed your income tax return and got it E-verified.
when you get refund?
when you pay higher tax than your actual tax which includes interests. it can be in the form of self-assessment tax, advance tax, foreign tax credit, etc.
| Particulars | Amount (in Rs.) |
|---|---|
| Income (A) | XXXXX |
| Gross tax liability on (A) above (B) | XXXXX |
| Less: Foreign tax credit | XXXXX |
| Net Tex Liability | XXXXX |
| Add: Intrerest on tex Liability (234A, B and C) | XXXXX |
| Aggregate Tex Liability | XXXXX |
| Less: Tax Paid (C) (Advance Tax, Text Deducted at Source(TDS), Tax Collected at Source(TCS) and Self Assessment Tax) |
XXXXX |
| Tex payable (If B > C) | XXXXX |
| Tex Refund If B > C) | XXXXX |
To claim the refund, you should contact www.legaltaxindia.in we will help you to proceed easily towards getting refund. our experts, professionals, and our brilliant team will support you and provide you the proper guidance in regards for the refund.
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