income tax refund
This query is : Resolved
02 July 2009
Dear Sir/Madam,
I would like to know that I received refund from Income Tax Rs.14792/- include interest of Rs.568/- for AY 2006-07, only interest is added in total income & Rs.14224/- is shown as exempted income in Return of income AY 2009-10.
Regards
I would like to know that I received refund from Income Tax Rs.14792/- include interest of Rs.568/- for AY 2006-07, only interest is added in total income & Rs.14224/- is shown as exempted income in Return of income AY 2009-10.
Regards
CA.Tarun Maheshwari
(Expert)
02 July 2009
Yes. The treatment is ok.
Ratan Sharma
(Expert)
02 July 2009
Agree with expert. The refund of tax is not at all your income therefore need not be shown as exempt income.
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