vijayakumar (proprietor) (172 Points)
13 July 2023Sir, I recd 1.7 lac as Income tax refund - tin 22-23 fin year. this is from the TDS deducted in last year during the sale of flat. Hope this is not treated as income. If I add in the income coloum it under -income ( below-interest from bank etc ) then this amount gets added. How exactly this is filled . Pl guide sir. Thank to all of you in sparing your precious time & it is a great service.
regards,
vijayakumar
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 13 July 2023
vijayakumar
(proprietor)
(172 Points)
Replied 14 July 2023
sir,
if I enter the amount recd from Income tax dept - ( which is the TDS deducted by the flat buyer erlier ) this income gets added to the present income . out of this 4060 is the interest paid by income tax dept . rest is my money only sir.
where is this to be entered. Pl guide sir. IMMENSE THANKS FOR YOUR pRECIOUS TIME & VALUBLE HELP .
Thank u sir.
. Sch OS Income from other Sources
1 Gross income chargeable to tax at normal applicable rates (1a+ 1b+ 1c+ 1d + 1e) 775409
a Dividends, Gross (ai +aii) 1a 0 ai
Dividend income [other than (ii)] 1ai 0
aii Dividend income u/s 2(22)(e) 1aii 0 b
Interest Gross (bi + bii + biii + biv + bv+bvi+bvii+bviii+bix) 1b 555409
i From Savings Bank 1bi 165887
ii From Deposit (Bank/ Post Office/ Co-operative Society)
1bii 385462
iii From Income Tax refund 1biii 171260-->( amount recd from IT, for the TDS deducted earlier . what ever I put here gets added tofor this year. income .out of 171260 – 4060 rs is the interest given by IN COME TAX DEPT..
MY DOUBT .
ADD 4060 AS INTEREST RECD - - BUT WHERE TO ENTER.
Balance amount – recd from IN COME TAX DEPT – WHERE TO ENTER ?.IF I ENTER 171260 – IN the coloum – in come tax refund recd -coloum – this amount gets added to the present income .
. iv In the nature of Pass through income\loss
1biv v Interest accrued on contributions to provident fund to the extent taxable as per first proviso to section 10(11) 1bv
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