Income from property held under trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2011
WERTHER INTEREST ON INCOME TAX REFUND TREATED AS INCOME FROM PROPERTY HELD UNDER TRUST?
Dintakurthi Tirumala
(Expert)
26 November 2011
It would be other income.However it would be house property income because the refund related to house property income. But i think most suitable head is other income because our aim is not to earn interest on refund of income tax.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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