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Interest on Income Tax Refund, Income Tax |
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Interest on Income Tax Refund |
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Interest on income tax refund .. is it taxable...if so.. under which head ? As income tax along with its interest is disallowed specifically..logically & acco. to matching concept interest on refund of income tax should be exempted...is it right ? Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Income Tax Act provides that only the Interest on Income tax refunds is taxable. It comes under the head Income from other sources. Srinivas Artha Tax Consulting, Chennai
It will be taxable under the head "Income From Other Source" Page: 1 Old Query - New Comments are closed. |
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