Dear Experts
We take interest income in heads of other source of income. Should Income tax refund has to take in other source of income? Before answering, consider
1) Where there is declared interest and we are investing there and before doing it there is assumption of taking advantage in reaction of investment.
2)In Refund case we have no such intention like on that rate or for such period etc
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Income tax refund
Replies (2)
In any case dear
Interest on refund of income tax is taxable under the head income from other source & this is not disputable(at least apparentaly)
sunil
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