Tag Archives: Interest on Income Tax Refund

Taxability of Interest on Income Tax Refund

By | August 2, 2015

Taxability of Interest on Income Tax Refund Question:Whether the Interest on Income Tax Refund is chargeable to tax? if yes under which head ?  The amount received towards statutory interest i.e Interest on Income tax refund  has to be subject to tax under the head ‘Income from Other Sources’. Question :Whether interest on Income tax… Read More »