TMI BlogTreatment of grant-in-aid towards salary & PF as taxable - received for the payment of arrears of PF of...Treatment of grant-in-aid towards salary & PF as taxable - received for the payment of arrears of PF of the employees, salary and wages of employees - grant-in-aid is capital in nature therefore it is not liable to tax. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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