Accounting treatment

This query is : Resolved

Sainath Raosaheb Dandge (Querist)
Follow

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 !

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

10 July 2014 refer as 12 if govt grant is rec for accounting treatment.

Sainath Raosaheb Dandge

Sainath Raosaheb Dandge (Querist)
Follow

10 July 2014 Thanks but how can I reduce the value of particular asset in particular ratio

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

10 July 2014 u must have rec the letter for subsidy and the break up u need to folow that only.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAGHUNATH KASIBHOTLA

raval umesh

Rameshkumar Jain

DSK TMC

Hemkumar

Subscribe Now

Accounting treatment

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA