WHETHER THE SUBSIDY ON GAS REFIL ,WHICH HAVE BEEN NOW DIRECTLY CREDITED TO OUR BANK ACCOUNT IS TAXABLE ANYWAY ? WHETHER WE HAVE TO ADD IT IN OUR INCOME ?
R Ramu
(articles)
(49 Points)
Replied 30 July 2013
No. not at all. It is just a method of giving subsidy directly to the people in the form of cash transfer.
Hence it should not be included in income tax calculation.
CAclubindia
