Tax refund of foreign nation is taxable in india?

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Varma (Querist)
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17 January 2017 NRI earlier and now working in India. Received tax refund from foreign country in Indian bank. Should Income tax levied on that amount?

Thanks in Advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 January 2017 Refund of tax from foreign country is not an income earned hence not taxable. Check if any relief claimed on such payment.

Abhinav

Abhinav (Expert)
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26 January 2017 No, it is not taxable in India. However, any foreign tax refund on which relief had been claimed in any earlier tax return in India need to be disclosed now in Schedule TR point 4 - amount as well as assessment year in which relief was allowed in India.