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Taxability of Government Grants

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2010 Are government grants exempt?If so, under which section?Plz reply.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 June 2010 Most of the governments grants are exempt u/s 10. It is exempt for a particular type of transactions as mentioned in the sections there.

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