Interest
This query is : Resolved
manoj kumar
(Querist)
26 March 2015
interest on income tax refund is capital r income ?
CA AnKiT BoHrA (AB)
(Expert)
26 March 2015
interest is taxable under income from other sources head
27 March 2015
it is not capital reciept as int on income tax refund is revenue item taxable as income from other sources
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