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Interest on IT Refund

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(Querist)
19 January 2008 Whether the interest on IT Refund is taxable? If so, under which head of Income?
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Manish Agarwal

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Manish Agarwal (Expert)
20 January 2008 Yes Interest on Income Tax refund is taxable under the head Income from other sources.
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SANDEEP AGGARWAL

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SANDEEP AGGARWAL (Expert)
21 January 2008 Hi Mayuri
Yes I also Agree. It is simply interest income chargeable under the head income from other source
Regards
Sandeep




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