ITR refund status: A refund arises when the income tax that you have paid exceeds your final tax liability. This can be due to excess TDS, TCS, advance tax, self-assessment tax, deductions, exemptions, or treaty-based relief claimed in the return. ITR refund status: A refund arises when the income tax that you have paid exceeds your final tax liability. This can be due to excess TDS, TCS, advance tax, self-assessment tax, deductions, exemptions, or treaty-based relief claimed in the return.
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