It refund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2013
SIR I WANTED TO KNOW THE TREATMENT OF IT REFUND?WHETHER IT IS AN EXEMPTED INCOME???
Guest
Guest
(Expert)
22 January 2013
It refund is exempt from tax but interest on IT refund is taxable income.
Hemant Kumar
(Expert)
22 January 2013
Agree with expert.
22 January 2013
@Ketan
One more question.
Do ITO deducts tax while making payment of Int. on Refund.
Thanks!!
One more question.
Do ITO deducts tax while making payment of Int. on Refund.
Thanks!!
Dhirajlal Rambhia
(Expert)
10 October 2021
No
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