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About lpg subsidy

This query is : Resolved 

19 February 2015 What will be the tax impact on the subsidy receiving direct into bank account for LPG.

19 February 2015 The money that the government transfers directly to consumers' bank accounts as LPG subsidy may well be considered as an income and taxed.

20 February 2015 there is no income or expenses.
due to your income already taxable in your hand then you make exp. and you get some amount return out of this exp.

income taxable only one time.


20 February 2015 It is a subsidy income credited to your bank account which is not exempted, hence taxable.



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