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ITR 2 FORM FILLING

vijayakumar (proprietor) (172 Points)

13 July 2023

Sir, I recd 1.7 lac as Income tax refund - tin 22-23 fin year. this is from the TDS deducted in last year during the sale of flat. Hope this is not treated as income. If I add in the income coloum it under -income ( below-interest from bank etc ) then this amount gets added. How exactly this is filled . Pl guide sir. Thank to all of you in sparing your precious time & it is a great service.

regards,

vijayakumar

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2 Replies

CA Aakarsh Jain (CA) (10431 Points)
Replied 13 July 2023

Hi Vijay, only interest earned on it is taxable. If you need any help in that, then please check your inbox.

vijayakumar (proprietor) (172 Points)
Replied 14 July 2023

sir,

if I enter the amount recd from Income tax dept - ( which is the TDS deducted by the flat buyer erlier ) this income gets added to the present income . out of this 4060 is the interest paid by income tax dept . rest is my money only sir.

where is this to be entered. Pl guide sir. IMMENSE THANKS FOR YOUR pRECIOUS TIME & VALUBLE HELP .

Thank u sir.

. Sch OS Income from other Sources

1 Gross income chargeable to tax at normal applicable rates (1a+ 1b+ 1c+ 1d + 1e) 775409

a Dividends, Gross (ai +aii) 1a 0 ai

Dividend income [other than (ii)] 1ai 0

aii Dividend income u/s 2(22)(e) 1aii 0 b

Interest Gross (bi + bii + biii + biv + bv+bvi+bvii+bviii+bix) 1b 555409

i From Savings Bank 1bi 165887

ii From Deposit (Bank/ Post Office/ Co-operative Society)

1bii 385462

iii From Income Tax refund 1biii 171260-->( amount recd from IT, for the TDS deducted earlier . what ever I put here gets added tofor this year. income .out of 171260 – 4060 rs is the interest given by IN COME TAX DEPT..

MY DOUBT .

ADD 4060 AS INTEREST RECD - - BUT WHERE TO ENTER.

Balance amount – recd from IN COME TAX DEPT – WHERE TO ENTER ?.IF I ENTER 171260 – IN the coloum – in come tax refund recd -coloum – this amount gets added to the present income .

. iv In the nature of Pass through income\loss

1biv v Interest accrued on contributions to provident fund to the extent taxable as per first proviso to section 10(11) 1bv