Have you paid excess tax as against the tax you were required to pay?
Don’t worry. You are eligible to claim a refund.
In normal course, you are entitled to refund of excess tax paid.
You can claim refund, in your income tax return itself.
But remember, there are certain cases, in which refund can be claimed by other person.
If income of some other person is included in your income, you are entitled to a refund.
For example, if you are legal representative, trustee, guardian or receiver, of a person, you are entitled to claim his refund. In such case, you can claim refund, by filling Form No. 30.
Remember, you will be entitled to a refund, only if you can satisfy the Assessing Officer that, the amount of tax paid by you, is more than the amount of tax you had to pay.
Also remember that you need to claim, the refund within one year, from the last day of assessment year.
If, you are not able to claim your refund in time, consider checking conditions, wherein delayed claim of refund is allowed.
If you do not receive your refund in time, you are also eligible to receive interest on your refund amount.
But remember, there are certain conditions, wherein you may not receive such interest.
Remember, tax authority can also set-off your refund amount of one year, against the income tax payable in other year.
But they will do so, only after providing you a written intimation regarding such set-off.