What do you mean by refund what is the process for the same?
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Answer:
refund. Compensation paid to a customer for over-invoicing or for returned goods. Return by the taxation authorities of excess tax paid by an individual or a firm. Also called tax refund. Payment or retirement of a loan by arranging a new loan.
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Explanation:
refund. Compensation paid to a customer for over-invoicing or for returned goods. Return by the taxation authorities of excess tax paid by an individual or a firm. Also called tax refund. Payment or retirement of a loan by arranging a new loan.
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