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It refund

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 January 2013 SIR I WANTED TO KNOW THE TREATMENT OF IT REFUND?WHETHER IT IS AN EXEMPTED INCOME???
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Guest

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Guest (Expert)
22 January 2013 It refund is exempt from tax but interest on IT refund is taxable income.
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Hemant Kumar

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Hemant Kumar (Expert)
22 January 2013 Agree with expert.
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@VaibhavJ

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@VaibhavJ (Expert)
22 January 2013 @Ketan

One more question.

Do ITO deducts tax while making payment of Int. on Refund.

Thanks!!
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 October 2021 No

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