Dear Members !
is gas subsidy exempt income?
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 09 August 2018
| Originally posted by : ajaz ul haque | ||
 |
Dear Members ! is gas subsidy exempt income? |
 |
It's not income....
Also no need to show it under Incomes Head. If the subsidy received bank account in Business account then it will be transferred to capital account..
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 09 August 2018
It doesn't form part of Taxable Income
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