WHETHER INCOME TAX REFUND IS TAXABLE

RUDRA DATT (practice) (78 Points)

09 July 2007  

AN EMPLOYER HAS INCLUDED INCOME TAX REFUND IN THE INCOME OF AN EMPLOYEE.

ANY BODY CAN TELL ANY CASE LAW OR SECTION TO INFORM THE EMPLOYE NOT TO INCLUDE THE INCOME TAX REFUND IN MY COMPUTATION OF INCOME. ONLY INTEREST ON INCOME TAX REFUND CAN BE INCLUDED IN THE COMPUTATION OF INCOME TAX.