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income tax

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(Querist)
30 August 2017 Dear Expert, What is the treatment of income tax refund received ? I mean where reporting Capital a/c or Other income?
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Amol S Joglekar

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Amol S Joglekar (Expert)
30 August 2017 you can credit it to capital account. Any interest paid by income tax department on the refund shall go to interest account.
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