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Gas subsidy

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piyush kr. singh

piyush kr. singh (Querist)
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04 May 2017 What is the treatment of gas subsidy received by individual? thanks in advance

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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04 May 2017 Gas subsidy is now taxable under income from other sources.

piyush kr. singh

piyush kr. singh (Querist)
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04 May 2017 thanks sir but where should we show this in account

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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05 May 2017 By adding the amount of gas subsidy in capital account. Or you may add it in net income/net profit which is credited to capital account.

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