Excess Refund Received From ITD

[Fini7777]

Hi, Recently I filed ITR1 for my Grandfather
The Refund He Should get is Rs. 7730 but He Received a refund of Rs. 7930
A 200 Excess amount, There's no mistake in the details entered, and the ITR was filed correctly

What should I do now pls give ur suggestions on this....

 

[350modena]

Hi, Recently I filed ITR1 for my Grandfather
The Refund He Should get is Rs. 7730 but He Received a refund of Rs. 7930
A 200 Excess amount, There's no mistake in the details entered, and the ITR was filed correctly

What should I do now pls give ur suggestions on this....

Check the refund letter / acknowledgement carefully. Refund is always given with interest (IT dept pays you interest on the amount of refund as that's the amount kept with them in excess of dues).

I am assuming the 200₹ is the interest component .. check once.

 

[Fini7777]

Check the refund letter / acknowledgement carefully. Refund is always given with interest (IT dept pays you interest on the amount of refund as that's the amount kept with them in excess of dues).

I am assuming the 200₹ is the interest component .. check once.

Thank You...
Yes, we receive interest component I forgot this😅

 

[anuuj123]

We do get interest

 

[350modena]

Thank You...
Yes, we receive interest component I forgot this😅

No worries. You can mark my reply above as Solution then!

 

[desiviru]

Problem with typical Indian people. They start panicking for no reason and never read thing as not in their habbit to read, learn and understand first.

Good that you already get to know, it is Interest. Here one of my cousin expecting Rs.4410 refund received 4680 and called me to ask, why she got lesser refund? 🤣 I asked her when did 4680 became less than 4410? With this I remember a scene from movie Mohhabatein where dhayi rupaya is less than dedh rupaya scene came where Kim Sharma insist the roadside seller to take Rs.2.5 instead of 1.5 because she last bought it for dhayi rupaya (2.5) and now he is asking more by saying dedh (1.5) while Jugal Hansraj corrected her. Welcome to Vib-rant India which always rant first.

 

[Tarun239]

One of my bank account validation is failing out of multiple accounts, error I m getting is - PAN-BANK ACCOUNT-IFSC linkage failed, will this create any issue in my ITR getting processed and getting refund. I have nominated other bank account for getting refund.

 

[HumorSimpson]

Problem with typical Indian people. They start panicking for no reason and never read thing as not in their genes to read, learn and understand first.

Good that you already get to know, it is Interest. Here one of my cousin expecting Rs.4410 refund received 4680 and called me to ask, why she got lesser refund? 🤣 I asked her when did 4680 became less than 4410? With this I remember a scene from movie Mohhabatein where dhayi rupaya is less than dedh rupaya scene came where Kim Sharma insist the roadside seller to take Rs.2.5 instead of 1.5 because she last bought it for dhayi rupaya (2.5) and now he is asking more by saying dedh (1.5) while Jugal Hansraj corrected her. Welcome to Vib-rant India which always rant first.

This could be language problem too, like I faced here

Post in thread 'Axis Bank Liberty Savings Account Benefits'

Aug 7, 2024

Na rahenga bas na bajengi basuri 🥱

Today I Learnt its
“ NAA RAHEGA BAANS NAA BAJEGI BANSURI ”

Till now I thought it's bains and wondered why a buffalo would dance to a flute.

• HumorSimpson

• 
• 

 

[Fini7777]

Check the refund letter / acknowledgment carefully.

Yeah! The problem is status of the ITR is still "under process" and I did not get the acknowledgment yet.

 

[Zacobite]

Thank You...
Yes, we receive interest component I forgot this😅

govt. never gives you more..🐼

 

[SSV]

One of my bank account validation is failing out of multiple accounts, error I m getting is - PAN-BANK ACCOUNT-IFSC linkage failed, will this create any issue in my ITR getting processed and getting refund. I have nominated other bank account for getting refund.

DOnt worry.. as long as one bank account is successfully nominated, you wont find any issues..
Regarding the bank account which is getting failed , reach out the the bank and input correct details, you can link bank account at anytime..
Which bank is this anyway?

 

[Fini7777]

No worries. You can mark my reply above as Solution then!

idk what happened but not able to find the option to do the same

 

[Tarun239]

DOnt worry.. as long as one bank account is successfully nominated, you wont find any issues..
Regarding the bank account which is getting failed , reach out the the bank and input correct details, you can link bank account at anytime..
Which bank is this anyway?

@SSV thanks dear, facing issue with AU bank. Contacted them via video call today, they said they will revert back.

 

[deep@vie]

Thank You...
Yes, we receive interest component I forgot this😅

You've to pay taxes on this amount (200) next year🤣

 

[SSV]

You've to pay taxes on this amount (200) next year🤣

correct . this will be added to the interest income under the " Income from Other Sources" head.. in the next year ITR .. !! 🤣

 

[Fini7777]

I feel sad about this tax structure and the huge inequality in income ratio in this country

 

[SSV]

I feel sad about this tax structure and the huge inequality in income ratio in this country

That was the unfortunate fact ... But the irony is:
Everyone knows about it but no-one is ready to fix it..
The whole system is fcked up big time.. from the top to the bottom ie. from the governance to the citizen..
there is no concpet of "we" ( as a society) and there is only a concept of "I" ... Very sad...

 

[HumorSimpson]

correct . this will be added to the interest income under the " Income from Other Sources" head.. in the next year ITR .. !! 🤣

 

[sunit123]

Rs 200 is 1st Installment of 15 lakhs