Income tax refund

165 views 4 replies

In AY 2018-19, due to error in filing I had paid excess tax over and above TDS due to wrong interpretation of Capital Gains tax which had been amended bringing in the grandfathering concept.

Subsequently a CA helped me in revising the returns and I received a refund intimation for the excess tax paid during the same AY. The refund though was credited in April of 2019. The amount is shown in AS26 of FY 2019-20.

Should I report the receipt of refund as there is no interest paid on the same?

Please clarify.

Replies (4)
Amount of refund of income tax is not taxable. what if you have received interest on income tax refund it will be taxable under the head income from other sources.
Thank you Sir
No need to show if there's is no interest
if there's is interest then you have to show the interest amount
Thank you Ma'am


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