Para 15.13 — CAM

15.13 PROCEDURE FOR INCOME TAX REFUND 15.13.1 Taxpayers can get a tax refund of their income tax if the tax they owe is less than the sum of the total amount paid. The refund process starts with the submission of claim by the assessee in annual Income Tax Returns. The taxpayer would be required to show in the Income Tax Return, the computation of his income tax payable, the total TDS which has been deducted from his income and the tax paid into the bank. The Assessing Officer (AO) determines the refund amount and approves the refund (or gets the approval of the competent authority if it exceeds his powers).