Interest on Refund on Income Tax is appearing under " Income From other Sources".
Is it Taxable Income?
Is there any section under Income Tax act against Interest on Refund on Income Tax ?
3 Replies
V. NAVEEN KUMAR SICASA
(192 Points)
Replied 15 July 2019
"Income tax refund" is not taxable but "Interest on income tax Refund" is taxable under other source
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 16 July 2019
Interest on IT refund taxable under income from other sources- interest
Recent Topics
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
Related Threads
CAclubindia
