TMI BlogInterest on Income Tax RefundX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f income tax should be exempted...is it right ? - Reply By Srinivas K - The Reply = Income Tax Act provides that only the Interest on Income tax refunds is taxable. It comes under the head Inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ome from other sources. Srinivas Artha Tax Consulting, Chennai - Reply By Vivek Harsh - The Reply = It will be taxable under the head "Income From Other Source" - Interest on Income Tax Refund ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Query Started By: - Dinesh Sagade Dated:- 18-5-2012 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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