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Subsidy amount under the scheme pmay (clss)

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(Querist)
24 April 2018 Sir,

I want to know that the if I purchase house under the scheme of pmay clss and I get the subsidy under this scheme. Then this amount is taxable under my income tax.

Please guide me sir.

Thanks in advance to all our experts.
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RAJA P M

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RAJA P M (Expert)
24 April 2018 No... It's not taxable income. It's fully exempted.

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