Interest on income tax refund

Efiling 174 views 3 replies

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 ?

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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