I Recived 11000 Lic Bonus FY 2016-17 which type this income.
whether it is taxable or non taxable
3 Replies
Piyush Khandelwal
(68 Points)
Replied 27 February 2018
The said amount is not taxable and is exempt u/s 10(10D). Further no TDS will be deducted u/s 194.
ANKIT JAIN
(180 Points)
Replied 27 February 2018
Dear.
LPG subsidy income amount is taxable or not taxable
LPG subsidy income amount is taxable or not taxable
Piyush Khandelwal
(68 Points)
Replied 27 February 2018
Though subsidy is included in the definition of income but government has provided a clarification that LPG subsidy for residential pupose is exempt while if it is for commercial purpose, it will be taxed.
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