Interest received on refund , in my opinion, is the part of income from other sources.
It will be added in the total income of assessee for the financial year in which such refund is being received by the person. and slab rate will be applicable.
Regards Pradeep Kumar
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 December 2014
Sir,
It is not my Question. I Want Rate of TDS. Rate of TDS on interest received on refund.