"21 October 1980" Archive

Procedure for regulating refund of amounts paid in excess of tax deducted and/or deductible

Circular: No. 285-Income Tax (21/10/1980)

The Board have been considering the manner of refunding the amount paid in excess of the tax deducted and/or deductible (whichever is more) under sections 192 to 194D of the Income-tax Act. The Board are advised that such excess payment can be re­funded, independently of the Income-tax Act, to the person re­sponsible for making such pay...

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