Interest on Refund on Income Tax is appearing under " Income From other Sources".
Is it Taxable Income?
Is there any section under Income Tax act against Interest on Refund on Income Tax ?
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Interest on income tax refund
Replies (3)
it is taxable income
"Income tax refund" is not taxable but "Interest on income tax Refund" is taxable under other source
Interest on IT refund taxable under income from other sources- interest
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