Solar panel subsidy from government
CA Aspirant (CA) (193 Points)
27 June 2024
what would be the tax implications of solar panel subsidy from government??
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 27 June 2024
Reduce it from the cost of purchase.
CA Aspirant
(CA)
(193 Points)
Replied 27 June 2024
Assessee is pensioner and he received 140000 subsidy in his bank account
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 27 June 2024
He must have paid more than what is received as subsidy. (most likely about Rs. 2.60 L).
CA Aspirant
(CA)
(193 Points)
Replied 27 June 2024
My query is
An individual with no business income who is receiving, solar panel subsidy in his saving bank account?? what would be its tax implication under income tax??
An individual with no business income who is receiving, solar panel subsidy in his saving bank account?? what would be its tax implication under income tax??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 28 June 2024
As I said earlier not taxable.
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