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Gas Subsidy
Why tax is not charged on the receipt of Gas Subsidy?
Replies (2)
The amount of subsidy is not taxable. Though the Finance bill 2015 has some ambiguity, the Finance Minister has stated that the said subsidy is not taxable.
Also, any subsidy for the welfare of public is said not to be taxable.
Also, any subsidy for the welfare of public is said not to be taxable.
Why tax is not charged on the receipt of Gas Subsidy?
- Bcoz, The said subsidy is Not Taxable or Exempted.
- Bcoz, The said subsidy is Not Taxable or Exempted.
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