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Lpg subsidy income

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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

CA Mithil Munot

CA Mithil Munot (Expert)
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26 May 2016 LPG subsidy received is not an income. So it will be not shown in ITR

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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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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