Hello,
I am a salaried individual. In last financial year, I received a tax refund of Rs. 16100 + interest of Rs. 320 from ITD.
I believe I have to show Rs. 320 under head of "Income from other sources" and pay tax on it.
But where do I have to show the refund amount of Rs. 16100 in my ITR ? If yes, which sheet ?
I will be using ITR-3 for AY 2017-18.
Thanks in advance.
There is no need to mention the Refund Amount of Rs. 16100 as this is your income for the year AY 2016-17 and you have paid the full tax as per the Income Shown by you.
Thanks Vineet for replying.
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