My comment on an article in Economic Times Dated 12/12/2013 regarding Income Tax levy on LPG subsidy credited to bank accounts
You: Very absurd if it is treated as income and taxed. Even though it may not affect the common man whose income does not come in the bracket of taxable income, the 30% tax paying people will be at loss. Nobody can like to lose Rs.1700 willingly. Such items should not be taxed as they are only reimbursements.
You: Very absurd if it is treated as income and taxed. Even though it may not affect the common man whose income does not come in the bracket of taxable income, the 30% tax paying people will be at loss. Nobody can like to lose Rs.1700 willingly. Such items should not be taxed as they are only reimbursements.
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