Revenue subsidies received from the Government towards ...

Government Revenue Subsidies Qualify for Deductions Under Chapter VI-A, Counted as Business Profits from Industrial Undertakings.

November 30, 2016

Circulars Income Tax

Revenue subsidies received from the Government towards reimbursement of cost of production/ manufacture or for sale of the manufactured goods are part of profits and gains of business derived from the Industrial Undertaking / eligible business, and are thus, admissible for applicable deduction under Chapter VI-A of the Act.

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Revenue subsidies received from the Government towards ...

Government Revenue Subsidies Qualify for Deductions Under Chapter VI-A, Counted as Business Profits from Industrial Undertakings.

November 30, 2016

Circulars Income Tax

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