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Gas subsides amount in bank account

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(Querist)
05 December 2020 I.t.assess gas amount paid to through on bank account Rs:800/- some amount refunded rs:180/- amount credited in Assess bank account.
Question:
Assess refund amount other income added or exempt in I.t. act. and accounting entries passed both transactions
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 December 2020 It's an exempt income.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 December 2020 please refer https://economictimes.indiatimes.com/news/economy/policy/lpg-subsidy-not-to-be-taxed-finance-ministry/articleshow/47165494.cms
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