Dear Freinds
Interest and Wage Employment Susidy received from Govt. is a CAPITAL Receipts or REVENUE Receipts. The above subsidy amount is based on Interest and Wages paid during the year.
My question is whether the above susidy is taxable in hands of assessee. Pls also give any judgement or case law on the above
Thanks
| Originally posted by : Jagdish Bhalia | ||
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Dear Freinds Interest and Wage Employment Susidy received from Govt. is a CAPITAL Receipts or REVENUE Receipts. The above subsidy amount is based on Interest and Wages paid during the year. My question is whether the above susidy is taxable in hands of assessee. Pls also give any judgement or case law on the above Thanks |
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I think this reciept in RVAT then revenue reciept
otherwise capital rec.
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