Expense on interest on income tax refund

This query is : Resolved

Ayush Jain (Querist)
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22 July 2019 Hi, it is well known fact Interest on income tax refund will be taxable under the umbrella of Income from Other Sources.
but simply reading the provision all expense related to generate that income is deductible expense as per the Income Tax Act. My query is that can we take deduction of fees paid to consultant for filing income tax refund ?
My understanding is that without filing that return i will not get this interest income so let me know fee paid to consultant is allowable or not ?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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31 May 2020 Yes it is allowed as deductions.

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