Gas subsides amount in bank account
This query is : Resolved
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Kollipara Sundaraiah
(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
Question:
Assess refund amount other income added or exempt in I.t. act. and accounting entries passed both transactions
CA R SEETHARAMAN
(Expert)
05 December 2020
It's an exempt income.
Message likes :
1 times
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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