Please Help: income tax

Posted Date : 22-Nov-2014 , 06:44:14 pm | Posted By SURENDRA GUPTA

whether subsidy recd. on PMEGP Loan is TAxable under Income TAx

Category : Income Tax | Answers : 0 | Comments : 1 | Hits : 245

25-Nov-2014 , 10:14:51 am

Same should be adjusted against the machinery, i.e. value of machinery should be reduced and depreciation on the reduced value should be claimed !