Query
This query is : Resolved
05 May 2014
income tax refund is taxable in which head? ?and
its interest is taxable in other sources na! !
05 May 2014
income tax refund is not taxable since it is a capital reciept and int on income tax is chargeable to tax under income from other sources.
05 May 2014
Refund is not chargeable to tax.
Int. on Income Tax is income from other sources.
Int. on Income Tax is income from other sources.
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