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Interest on Income Tax Refund.

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(Querist)
23 November 2008 A company received interest on Income Tax Refund from Government. Whether such interest on refund should be treated as business income or Income from other source?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 November 2008 Income from other sources.
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Ravikumar.G

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Ravikumar.G (Expert)
24 November 2008 Sec 56 Interest on Income tax refunds - Income from other sources



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J.KARTHICK

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J.KARTHICK (Expert)
31 August 2010 Dear Friends

may i know why TDS is not being deducted on " Interest on Income tax refunds " ?

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