Dear Members !
is gas subsidy exempt income?
ajaz ul haque (partner) (117 Points)
09 August 2018Dear Members !
is gas subsidy exempt income?
RAJA P M
("Do the Right Thing...!!!")
(128010 Points)
Replied 09 August 2018
| Originally posted by : ajaz ul haque | ||
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Dear Members ! is gas subsidy exempt income? |
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It's not income....
Also no need to show it under Incomes Head. If the subsidy received bank account in Business account then it will be transferred to capital account..
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 09 August 2018
It doesn't form part of Taxable Income
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
