Re: Excess tax paid refundable or not
Form 1 and 2 were filed and form 3 received. Rectification was sought I April 2021 and no response by ITD. So
Paid amount as per form 3 on 29/09/2021 and Form 4 filed. Form 3 revised by ITD on 30/09 downloaded now with lesser demand as sought in rectification
Now new form 4 to be filed for this new form 3. In the details of challan should the total amount of challan to be filled in or the demand as per revised form 3 to be filled in ? Will the excess be refunded or adjusted against the undisputed demand for same year
Please advise
The assessee can pay the tax as per revised demand . The assessee is entitle to refund of the excess amount paid . The assessee may write to the Designated Authority to grant refund of excess amount paid . In case no refund is received within reasonable time the assessee may have to file writ before the High Court.
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