Hi,
I have query regarding Part D of form 26AS.
from FY 2014-2015 I have recieved refud amount plus interest from IT department in Jul 2015 and this is reflected in 26AS form of FY 2015-16.
While submitting IT return form 2A for FY 2015-2016, Do i need to consider this refund amount and interest as Income for FY 2015-16?
If Yes then under which heading i need consider this refund amount plus interest in form 2A. Please guide me.
Thanks
refund amount should not be considered as income, because it is not your income
Interest on Refund is income and should be considered as income from other source
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