Rate of tds deducted on interest received on refund


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2014 Dear Sir,

Kindly give me Rate of TDS deducted on interest received u/s 244A on refund. also give me reference of any section or circular.

27 December 2014 Dear

Interest received on refund , in my opinion, is the part of income from other sources.

It will be added in the total income of assessee for the financial year in which such refund is being received by the person. and slab rate will be applicable.

Regards
Pradeep Kumar

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2014 Sir,

It is not my Question. I Want Rate of TDS. Rate of TDS on interest received on refund.

28 December 2014 No TDS is required to be deducted by the Government by virtue of clause (viii) of Section 194A(3).
.


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