Is gas subsidy considered as income.

Yes, Should not be included in total income

Originally posted by : Dinesh Mertiya
	Yes, Should be included in total income

Thank you for the reply Dinesh, but subsidy is given by government to everybody, it is not earned by the individual.

Originally posted by : Arupjyoti das
	yes,it will be come under income from other sources

Thank you for the information Arupjyoti.

No it is not an income as per circular issued by Govt.

 an amendment in Finance Bill, 2015 that expanded the definition of taxable income to include subsidies, grants, cash incentive and duty drawback.

Originally posted by : Rahul
	No it is not an income as per circular issued by Govt.

It is not?

Originally posted by : vishnu bhardwaj
	an amendment in Finance Bill, 2015 that expanded the definition of taxable income to include subsidies, grants, cash incentive and duty drawback.

So it is considered as income.

It has been exluded by the circular issued by Govt of India. 

I got both yes and no answers here.

Originally posted by : Rahul
	It has been exluded by the circular issued by Govt of India.

So it is excluded, many are saying it should be added.

Hello, It is not taxable.

We don’t claim gas cylinder bill as business expenses. So subsidy received for that is not taxable. It is personal expenses. For business activity commercial gas cylinder is available on which subsidy is not available. Question of taxation doesn't arise.
 

Yes .  it is specifically excluded from definition of subsidy defined under Finance Act,2015.

Originally posted by : Vishal Goel
	Hello, It is not taxable. We don’t claim gas cylinder bill as business expenses. So subsidy received for that is not taxable. It is personal expenses. For business activity commercial gas cylinder is available on which subsidy is not available. Question of taxation doesn't arise.

So no need to add it to total income, Thank you for the information Vishal.