Economics · Income Tax Act
LPG subsidy received by an individual on a cylinder for household consumption is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Exempt from Income Tax / Capital Receipt✓
- 2Taxable under 'Income from Business or Profession'
- 3Taxable under the head 'Income from Other Sources'
- 4Taxable as a perquisite
Correct answer
Exempt from Income Tax / Capital Receipt
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