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Income tax refund

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(Querist)
08 May 2013 taxability of Income Tax refund received????
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CA Neha Chauhan

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CA Neha Chauhan (Expert)
08 May 2013 The Interest portion of the refund amount is taxable under Income from other Sources and remaining part is not taxable at all.

Regards,
Neha Chauhan
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
08 May 2013 Agree with Neha Chauhan
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