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R.Tulsian & Co. is an Indian Chartered Accountants firm was established in Kolkata with an aim of providing wide range of high quality services in the field of Finance,Accounting and Law to clients at home and abroad. Established in 1987,it has its Head Office at Kolkata,West Bengal and Branch office at Gangtok,Sikkim.

Expert Speak

SUBSIDIES- WHETHER TAXABLE OR NOT

A Subsidy is basically a monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest.

Whether the subsidies should be taxable or not?
This matter has been clouded by controversies. The point of time at which the subsidy is paid is not relevant. The source is immaterial. The form of the mechanism through which the subsidy is given is irrelevant.