Accounting treatment
This query is : Resolved
10 July 2014
We have Private limited Company, in that we have made capital investment say 50 Cr and claim for incentive from DIC. In that case if we have received incentive / subsidy, what will be the accounting treatment in the books as per Company act and What will be the tax effect as per Income Tax act
Thanks !
Thanks !
10 July 2014
refer as 12 if govt grant is rec for accounting treatment.
10 July 2014
Thanks but how can I reduce the value of particular asset in particular ratio
10 July 2014
u must have rec the letter for subsidy and the break up u need to folow that only.
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