ish kumar sharma (Sr. Manager Accounts & Finance) (301 Points)
29 January 2016
S. Shiroor
(Others)
(1207 Points)
Replied 29 January 2016
Yes Interest on Refund is Taxable in the year of receipt.
Shivani Mittal
(Practice)
(425 Points)
Replied 30 January 2016
Yes, interest on income tax refund is taxable in the year of recipt under the hear " income from Other Sources"
Regards
CA Shivani Mittal
CAclubindia
