How to Track Your Income Tax Refund Status Online
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·1 viewsA tax refund is issued when the amount of income tax paid by a taxpayer exceeds their actual tax liability for the year. This situation can arise due to several reasons, including excess deduction of TDS or TCS, advance tax payments, or self-assessment tax. Claiming deductions, exemptions, or treaty-based relief in the income tax return can also result in a refund. Taxpayers who have filed their ITR and are expecting a refund can monitor its status through online channels.
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