Dear Members !
is gas subsidy exempt income?
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Is gas subsidy exempt income?
Replies (2)
| Originally posted by : ajaz ul haque | ||
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Dear Members ! is gas subsidy exempt income? |
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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..
It doesn't form part of Taxable Income
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