Transport subsidy, not income u/s. 80-IA deduction
Description: The source of the subsidy is not the business of the assessee but scheme of the Central Government. Therefore deduction under section 80-IA was not allowable in respect of transport subsidy. Source: 1. www.tpcc.in 2. The Tax Referencer .Volume121. Issue No.4, 26 Sept. 2011, Page No.49. Our comment: Transport subsidy, Central Government assistance, Not […]
Read More