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Gas subsidy

This query is : Resolved 
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(Querist)
04 May 2017 What is the treatment of gas subsidy received by individual? thanks in advance
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CS Advocate Abhishek Goyal

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

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

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CS Advocate Abhishek Goyal (Expert)
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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