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
Menu
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
AGREE...
INTEREST ON INCOME TAX REFUND IS TAXABLE U/H OTHER SOURCES.
Recent Topics :
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
Related Topics :
CAclubindia
