sir / madam
income tax refund is income or capital for individual filing, pls explain
Menu
Income tax refund individual
Replies (3)
Quick Summary
INCOME TAX REFUND should be transferred to Capital...
And interest on income tax refund is chargeable to tax under other sources.
Yes, Interest on Income Tax refund is chargeable to Income head it's under Income from other sources..
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
