INTEREST ON PREVIOUS YEAR INCOME TAX REFUND AMOUNT

My son got income tax  refund amounting to  Rs 16140  in previous year and so far my knowledge interest on this amount is taken as income for this Assessment Year. While trying to fill up his e return I could not find the appropriate place to put the interest amount, moreover I do not know the interest amount. Can any one tell me from where I can get this interest amount and where I have to put this one. There is one tab " Add another income" and inside their there is a place to put the total amount of previous year refund amount not the interest amount. Can anyone give some idea on this . 

Thanks in advance. 

Replies (5)
Quick Summary
A user is seeking guidance on how to declare interest earned on a previous year's income tax refund for the current assessment year. They are unsure where to input this interest amount when filing their e-return and how to obtain the specific figure. While suggestions included checking TIS/AIS reports and specific ITR schedules, the user found no such information, especially as they use ITR 1 for salaried income. Another user mentioned that ITD hasn't issued Form 16A for this interest TDS, and the interest might appear on the refund intimation notice or AIS, but the original poster confirmed they only received the refund amount, not any interest.

1. For interest amount check TIS/AIS report.

2. Fill the same in ITR 2/3 (as applicable) in Schedule OS,, Column 1 (biii).

Nothing in AIS/TIS , I have checked both. Being a salaried person he use   ITR 1 Form. 

 

Thanks for responding, will welcome others for their response. 

 

Thanks. 

Not of any help to as I am also looking for answer as ITD haven't issued FORM16A for this interest TDS component.

On your other queries - This interest TDS will be appearing as separate line item on REFUND INTIMATION notice as well as on AIS (not as TDS section but just refund line items - one for overall interest and second for TDS part).

For this you have to check that, you actually received refund amount mention in ITR or received refund with interest. There is some rule that interest only paid in certain condition. Not expert though in this area. 

Received only amount with no interest. 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details