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 :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
