Tax on previous year income tax refund

321 views 3 replies

Hi, I just noticed that in AY 2018-19 even income tax refund in previous year is being asked for and even getting taxed.

In ITR for AY 2018-19, under other sources section, there is a field for income tax refund from previous year. And to my surprise, that is also being taxed.

For previous year, I had 2200 IT refund and now aprox. 450 rs is being deducted as tax.

Is that correct?

Replies (3)

Interest received on income tax refund is taxable under head income from other source.

But where do I see a break up of refund and interest?

When u file income tax return, you receive intimation u/s 143 in that there is break up of Income tax Refund and Interest on refund.

Even u can know the figure from Computation of income where u show tax payable amount.

And What actually u received. Difference is Interest on refund.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details