Easy Office
LCI Learning

accounts

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 June 2010 how we treat in accounts the income tax refund recd and how will also treat in computation of income.
Profile Image

CA Ashok Kumar Sahu

Profile Image

CA Ashok Kumar Sahu (Expert)
05 June 2010 AMT OF INCOME TAX REFUND IS CAPITAL RECEIPT NOT TAXABLE.

INTEREST ON INCOME TAX REFUND IS TAXABLE U/H INCOME FORM OTHER SOURCES

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links