in FY 2015-16 I GOT TDS refund with interest .while filing itr now do i have to mention the interest amount as other income source ?i already filed itr without mentioning any thing about the tds return.is there any problem in future?
Sarat Chandra Singh (11 Points)
23 July 2016in FY 2015-16 I GOT TDS refund with interest .while filing itr now do i have to mention the interest amount as other income source ?i already filed itr without mentioning any thing about the tds return.is there any problem in future?
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 23 July 2016
Interest on Refund is taxable under the head income from other sources
Refund has been received after 31/03/2016 then it will be taxable in Asst. Year 2017-18
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