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Accounting treatment of capital subsidy

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2013 A Fixed Asset purchased/import in F.Y 2010-11.but subsidy received in F.Y.2012-13. At the end we don't know how much subsidy received in future. So no any entry posted related to that. Now please ask me what is the treatment of subsidy received in our books in F.Y.2012-2013.
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2013 SUBSIDY SHOULD BY DEUCTED IN CAPITAL ASSETS VALUE
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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2013 Thank you sir




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