Gas subsidy
This query is : Resolved
piyush kr. singh
(Querist)
04 May 2017
What is the treatment of gas subsidy received by individual?
thanks in advance
04 May 2017
Gas subsidy is now taxable under income from other sources.
piyush kr. singh
(Querist)
04 May 2017
thanks sir but where should we show this in account
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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