Taxability on Agriculture subsidy
DEVI SINGH PARIHAR (PARTNER) (9 Points)
28 July 2019DEVI SINGH PARIHAR (PARTNER) (9 Points)
28 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169087 Points)
Replied 29 July 2019
If the subsidy or insurance claims are against any capital loss, its tax free, and should be reported under Schedule 'Exempt Income'
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)