Is Income Tax refund taxable?

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  1. AKD

    AKD Member

    Is Income Tax refund taxable?
     
  2. Neha Sharma

    Neha Sharma Active Member

    Dear @AKD

    The income Tax Refund given to you is not an Income but refund of excess amount paid earlier and therefore not taxable.

    However, the Interest on Income Tax Refund is taxable under head Other Sources.
     
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