If cash assistance received or receivable against exports ...

Cash Assistance and Subsidies Under Export Schemes Classified as Business Income for Tax Purposes.

March 12, 2016

Case Laws Income Tax SC

If cash assistance received or receivable against exports schemes are included as being income under the head "profits and gains of business or profession", it is obvious that subsidies which go to reimbursement of cost in the production of goods of a particular business would also have to be included under the head "profits and gains of business or profession", and not under the head "income from other sources". - SC

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If cash assistance received or receivable against exports ...

Cash Assistance and Subsidies Under Export Schemes Classified as Business Income for Tax Purposes.

March 12, 2016

Case Laws Income Tax SC

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