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Income from other sourses

Efiling 322 views 4 replies

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)
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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