As per our estimate, we need to pay one lakh as an advance tax. But we have made a mistake while paying through the internet and end up paying ten lakh.
Now, this is a mistake and as a very small company, we cannot wait for one year to get a refund of 9 lakh. Also, by definition of advance tax, we need to pay as per self estimate and ten lakh is not our self estimate; it is just a mistake.
Kindly suggest if there is an option to get the money returned. Thank you in advance.
Post your query in CA club for seeking an obligation, otherwise it is more appropriate to seek professional consultancy of your (or some other local) chartered accountant / tax consultant.
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