Tax rules on refund- The income tax payer has already informed the government about ITR refund. Therefore, the refund amount is not taxed. However, the interest earned on the refund is taxable as per the applicable tax slab on the income tax payer.
Tax rules on refund- The income tax payer has already informed the government about ITR refund. Therefore, the refund amount is not taxed. However, the interest earned on the refund is taxable as per the applicable tax slab on the income tax payer.
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