Income from other sourses

I have received 20000 rs as income tax refund from previous Fy. I have also received 600 rs as interest on refund. So the total value received is 20600 (itr4)

 

I am filing this years return in itr 4

My query is  

In the section of. Income from other sourses. It iswritten that 'income from incometax refund'. So should i put 600 rs as amount as that is the interest or the entire amount of 20600??

 

When i checked last year itr 4 form it was clearly written  ' interest on income tax refund'. In the  category of 'income from other sources'

 

So i need some clarification  please help

Regards

Dilip

Replies (4)
Quick Summary
This discussion clarifies how to declare income received from an income tax refund. The user received a refund of £20,000 and £600 in interest on that refund. The key question is whether to declare the full refund amount or just the interest under 'Income from Other Sources' in their ITR-4. The advice given is that only the interest earned on the refund is taxable income and should be declared, not the refund amount itself.

No you should not mention the whole amount as Amount of income tax refund is the excess tax that was paid by you, and thus not considered as an income however interest on the same will be regarded as income & subject to tax

Thanks for you precise reply👍

Sources spelling wrong

It was inadvertent typo .Thanks for pointing it out, will be more careful next time😊👍

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