Interest on refund
This query is : Resolved
Guest
Guest
(Querist)
10 August 2011
Please advise on taxability of interest on IT refunds..
If taxable, is it on cash or accrual basis or optional??
If taxable, is it on cash or accrual basis or optional??
10 August 2011
It is taxable as Income from other sources
need to be taken as cash basis
need to be taken as cash basis
10 August 2011
You have to take it on Cash basis.
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