In Annexure-I Part -A to Form No.3CD, SHOULD WE INCLUDE IN INTEREST RECEIVED column the amount received from Income tax authority on Income tax refundable.
11 June 2009
You have to mention the interest received as appearing in the credit side of profit & loss account. If you have shown the interest received account by deducting the interest paid , then show the gross amount of interest received. If interest is received from income tax authority then if it is credited to profit & loss account then it should be reflacted in Annexure-I. In case of proprietorship concern or partnership firm, if interest received is credited to capital account then it need not be shown in Annexure-I of Form no. 3CD.
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