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Subsidy

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2012 Wat will be the tax treatment of subsidy received in case such subsidy is not used for the approved purpose?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
11 June 2012 subsidy is a capital receipt no tax on it.
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
12 June 2012 yes not taxable
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