Lpg subsidy
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2016
1 )LPG SUBSIDY IS TAXABLE OR NOT
2) THERE IS NECESSARY TO SHWON IN CAPITAL A/C IF ANY IND NOT SHOWING ANY EXP IN BOOKS
2) THERE IS NECESSARY TO SHWON IN CAPITAL A/C IF ANY IND NOT SHOWING ANY EXP IN BOOKS
Arpit Shah
(Expert)
25 January 2016
https://taxguru.in/income-tax/taxability-lpg-subsidy-received-individual.html
Ganeshbabu K
(Expert)
25 January 2016
1.Not taxable/
2.reduce cost of asset/expenditure to the extent of subsidy received
2.reduce cost of asset/expenditure to the extent of subsidy received
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