Refunds received from IT Department
Pranesh Kumar R (44 Points)
29 May 2017Pranesh Kumar R (44 Points)
29 May 2017
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 29 May 2017
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 29 May 2017
Income tax is levied on income.
Whether refund received from IT department is not subject to income.
So there is no question for income tax on refund.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)