Interest on IT Refund
This query is : Resolved
19 January 2008
Whether the interest on IT Refund is taxable? If so, under which head of Income?
20 January 2008
Yes Interest on Income Tax refund is taxable under the head Income from other sources.
21 January 2008
Hi Mayuri
Yes I also Agree. It is simply interest income chargeable under the head income from other source
Regards
Sandeep
Yes I also Agree. It is simply interest income chargeable under the head income from other source
Regards
Sandeep
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