Taxation of Interest on Income Tax Refund
This query is : Resolved
Manish Dwivedi
(Querist)
21 July 2009
Kindly tell me whether interest on income tax refund is taxable or exempt. Also quote the section under which it is taxable or exempt. Also provide reference to a case law,if any?
Aditya Maheshwari
(Expert)
21 July 2009
Interest on income tax refund is taxable as income from other sources as any other interest income.
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