The provision in the Finance Bill, 2015, will not affect the LPG subsidy and other welfare subsidies received by individuals
Certain doubts have been raised in a section of the media about the applicability of the official amendment moved in the Finance Bill, 2015 in the Lok Sabha on 30th April, 2015 with respect to definition of ‘income’. Sub-section (2) of section 145 provides that the Central Government may notify Income Computation and Disclosure Standards … Read more