Tax Treatment of Subsidy from KVI Board
shib shankar prasad
(Querist) 09 July 2009
This query is : Resolved
Honourable Sir,
Sir, Mr. Dipankar Chakraborty install BIOGAS in the area of Sikkim to some benficiaries and he received Subsidy from
Khadi and Village Industries Board, Sikkim of Rs. 1,51,000/- after Deduction of Royalty.
So sir Kindly let me know will he get tax deduction of this Subsidy? if yes kindly mention section Sir.
Will Section 80JJA be applicable, here?
Sir i am facing problem in preparing his Income Tax Return, so sir if u kindly help me in this regard.
waiting for your valuable inputs sir.
Please sir help me out.
Thanking you.
From
S.S.Prasad
Siliguri.
West Bengal
