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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Subsidy pursuant to a scheme formulated and implemented by the ...


Cinema Hall Subsidies Excluded from Tax Assessment Under Government Scheme to Boost Film Industry.

March 27, 2020

Case Laws     Income Tax     HC

Subsidy pursuant to a scheme formulated and implemented by the Government for promotion of construction of Cinema Halls and support the film industry - revenue or capital subsidy - Subsidy in the given circumstance will definitely constitute ‘capital subsidy’ and it is to be excluded from assessment of tax

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