Lpg subsidy income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2016
i received LPG Subsidy in my bank account , so in which category i have to make entry ?
while filling income tax return i can take benefit of exempted income? if yes in which section
Please clarify my issue or give solution
while filling income tax return i can take benefit of exempted income? if yes in which section
Please clarify my issue or give solution
CA Mithil Munot
(Expert)
26 May 2016
LPG subsidy received is not an income. So it will be not shown in ITR
KAVIRAJA ADDANGADI
(Expert)
26 May 2016
LPG is subsidy is personal nature same can be adjusted with drawing, when you procure it is debited to drawing same can be adjusted against subsidy, need not considered as income.
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