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1. What is Income Tax Refund?
Revenue tax deduction refers to the amount reimbursed by the revenue department if the taxable amount exceeds the actual amount required (either by TDS or TCS or Advance Tax or Self-Assessment Tax) and is known as income tax. return. Taxes are calculated after considering all deductions and exemptions during the inclusion of the Income Tax Return.
Frequently Asked Questions
When will the income tax refund be received?
Once the ITR installation is complete you need to confirm your income tax return. After confirmation the refund is reviewed by the Revenue Department and a refund is issued.
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