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 ?
3 Replies
V. NAVEEN KUMAR SICASA
(193 Points)
Replied 15 July 2019
"Income tax refund" is not taxable but "Interest on income tax Refund" is taxable under other source
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 16 July 2019
Interest on IT refund taxable under income from other sources- interest
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