The prolonged deadline for submitting earnings tax return or ITR was August 31. For a lot of taxpayers, the following factor that involves thoughts is earnings tax refund, if any is due. Earnings tax refund arises when extra tax is deposited by a taxpayer, by means of TDS (tax deducted at supply) or advance tax, than his/her precise tax legal responsibility. “This occurs when combination of advance tax, self-assessment tax and TDS is greater than what a taxpayer is definitely required to pay to the federal government,” says Naveen Wadhwa, DGM at Taxmann. Earnings tax refund turns into due when the taxpayer recordsdata an earnings tax return and verifies it.