Interest on Income tax refund

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Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2010 What is the accounting treatment for 'Interest received on Income tax refund'?

CA Sanat Pyne (Expert)
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13 August 2010 it will be treated as indirect income.

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2010 Thanks for the prompt reply.

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