banner_ad

Return

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 April 2012 Dear expert,
An assessee who has received the income tax refund of Rs. 45000/- + Int. 1800/- = Total 46800/- in AY 2011-12 and his return was filed u/s 44AD. While filing return of AY 2012-13, besides his business income, do he requires to show the int of 1800/- in the head of income from other sources or not.
Profile Image

CA CKP

Profile Image

CA CKP (Expert)
04 April 2012 Yes Interest on Refund is taxable income and will be shown in the head "Income from Other Sources".


CA Chetan Parmar
093778 97651
Surat
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details