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It refund

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(Querist)
20 October 2014 whether tax is levied on IT refund amount???
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 October 2014 If any interest is included in the refund it has to be considered as income and applicable tax has to be paid.
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@VaibhavJ

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@VaibhavJ (Expert)
20 October 2014 Hi IT refund is not income unless you receive int on IT refund which is taxed under other income.
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