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Tds on interest paid by income tax department on refunds

This query is : Resolved 

29 June 2014 is department liable to deduct tds on interest on refund????

29 June 2014 No. Not liable to deduct TDS.

29 June 2014 Yes,if assessee is a non-resident.

29 June 2014 SIR,
WHAT IF ASSESSEE WAS RESIDENT AND STILL DEPARTMENT HAS DEDUCTED TDS U/S 195

30 June 2014 No TDS is required to be deducted. Interest on IT refund must be included in your income under the head 'income from other sources'.

30 June 2014 Section 195 is not applicable for residents of India. There are other provisions to cover that.

01 July 2014 thanks all of you for the help :)


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