Tag Archives: Subsidy

Subsidy and Its taxability in Income Tax Clarified by ITAT

By | April 6, 2020
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Subsidy and Its taxability in Income Tax Clarified by ITAT The Court is of the opinion that the amount was received as capital stream and therefore, not taxable. Central Government gave the subsidy to enhance indian export potential in the international market. It was not granted to meet the cost of expenditure to meet the… Read More »

Subsidy incentives in Northeast for employment generating units

By | July 8, 2016
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DoNER Ministry to offer subsidy incentives in Northeast for employment generating units: Dr Jitendra Singh Ministry of Development of North-Eastern Region (DoNER) will offer subsidy incentives in Northeast for industrial and other units generating employment. Announcing this on the conclusion of a meeting of the Ministry here this morning, Union Minister of State (Independent Charge)… Read More »