Lpg subsidy
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2015
Sir,
Lpg Subsidy which is directly credited in bank account will be taken as other income. Kindly, provide me section or notification in which subsidy is exempt in the hand of consumer.
Lpg Subsidy which is directly credited in bank account will be taken as other income. Kindly, provide me section or notification in which subsidy is exempt in the hand of consumer.
10 September 2015
There is no section as such. Finance ministry says it is a welfare subsidy'and hence exempt.Perhaps this inference is from the perception that domestic LPG is distributed under 'differential pricing' and a concession given not in the form of subsidy.
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