Gas subsides amounts taxable or exempted

236 views
User Avatar

B.com
3025 Points Posted on 05 February 2021
I.t. Assess gas subsides amounts Rs:2697/- credit in bank account.
question:
Assess gas subsides amounts taxable or exempted show in I.t. return.
0 Reply Share Follow
On 05 February 2021 at 15:40 Report
Replies (3)
Quick Summary
This discussion explores whether gas subsidy amounts credited to a bank account are taxable or exempt for income tax purposes. Participants debate if the subsidy is considered taxable income or merely a refund, which would make it non-taxable.

User Avatar

Chartered Accountant
24588 Points Posted on 05 February 2021
Gas subsidy is taxable
Reply
On 05 February 2021 at 18:43
User Avatar

17269 Points Posted on 06 February 2021
It is exempt
Reply
On 06 February 2021 at 10:24
User Avatar

13 Points Posted on 06 February 2021
Its just a refund, you pay and receive back from government.. not taxable
Reply
On 06 February 2021 at 10:29

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax on Australian Stipendiary Steward on 3
  2. INCOME TAX SECTION 92E
  3. Queries on Tax Invoice and GST
  4. Income Tax Auditor Tenure for Small Companies
  5. Sec 8 company sec 12ab reg
  6. AIS Password: How to Open Your AIS PDF?
  7. Interview Questions
  8. ITR Filing Last Date 2026
  9. Tds - filing Conso File for tax year 2026-27
  10. ITR-3 Filing For AY 2026-27 - Tips

More recent discussions | Post

Related Topics :

Loading
Follow