TaxTMI 
TaxTMI 
Interest on Income Tax Refund
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....nterest on Income Tax Refund<br> Query (Issue) Started By: - Dinesh Sagade Dated:- 18-5-2012 Last Reply Date:- 19-5-2012 Income Tax<br>Got 2 Replies<br>Income Tax<br>Interest on income tax refund .. i....
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....s 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.......
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....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 Income from other sources. Srinivas Artha Tax....
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.... Consulting, Chennai Reply By Vivek Harsh: The Reply: It will be taxable under the head "Income From Other Source"<br> Discussion Forum - Knowledge Sharing ....