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Solar panel subsidy from government
what would be the tax implications of solar panel subsidy from government??
Replies (5)
Quick Summary
Reduce it from the cost of purchase.
Assessee is pensioner and he received 140000 subsidy in his bank account
He must have paid more than what is received as subsidy. (most likely about Rs. 2.60 L).
My query is
An individual with no business income who is receiving, solar panel subsidy in his saving bank account?? what would be its tax implication under income tax??
An individual with no business income who is receiving, solar panel subsidy in his saving bank account?? what would be its tax implication under income tax??
As I said earlier not taxable.
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