Income tax refundable.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2014
Dear Sir,
I have received a refund of Income tax for the 2011-12. Please guide me Income tax refundable comes under which head it comes under indirect income ?
Thanks & Regards,
Prachi Dubey
I have received a refund of Income tax for the 2011-12. Please guide me Income tax refundable comes under which head it comes under indirect income ?
Thanks & Regards,
Prachi Dubey
27 March 2014
income tax refund is not chargeable to tax but int if any recieved will be taxed under income from other sources.
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