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Income tax refund individual

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166 Points Posted on 12 July 2023
sir / madam

income tax refund is income or capital for individual filing, pls explain
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On 12 July 2023 at 17:27 Report
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"Do the Right Thing...!!!"
128152 Points Posted on 12 July 2023
INCOME TAX REFUND should be transferred to Capital...
464 Reply
On 12 July 2023 at 18:52
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125 Points Posted on 12 July 2023
And interest on income tax refund is chargeable to tax under other sources.
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On 12 July 2023 at 21:16
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"Do the Right Thing...!!!"
128152 Points Posted on 13 July 2023
Yes, Interest on Income Tax refund is chargeable to Income head it's under Income from other sources..
464 Reply
On 13 July 2023 at 05:45


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