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SUBSIDY RECEIVED IS TAXABLE OR NOT IN GODOWN CONSTRUCTION

This query is : Resolved 

SIR,
I HAVE RECEIVED SUBSIDY FROM NABARD FOR CONSTRUCTION OF RURAL GODOWN LAST YEAR. THE GODOWNS WAS LET OUT SINCE BEGINNING AND I AM SHOWING INCOME FROM HOUSE PROPERTY.
IS THE SUBSIDY IS TAXABLE OR NOT THIS YEAR??

PLEASE EXPLAIN AS I HAVE TO FILE RETURN FOR THIS YEAR.


The subsidy is for construction of gowdown, which is a capital receipt not taxable.


Bajaj Finserv

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