what is the tax treatment for LPG subsidy received in the hands of an Individual Assessee?
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 April 2018
It's is exempted subsidy. Account in capital.
Dhruv Pancholi
(Ca)
(137 Points)
Replied 01 April 2018
this is not taxable income hence no tax is levied on LPG subsidy .
Dhruv Pancholi
(Ca)
(137 Points)
Replied 01 April 2018
there is no tax liability levied on LPG subsidy as that is not u r income.
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