CLAIM FOR DEDUCTION OF SUBSIDY
This query is : Resolved
RACHANA DAGA
(Querist)
18 January 2023
WHETHER DIC SUBSIDY RECEIVED ON SALES OF FIXED ASSETS IS CONSIDERED AS CAPITAL OR REVENUE SUBSIDY IN NATURE, FOR DEDUCTION FROM NET PROFIT WHILE CALCULATING PROFIT UNDER SECTION 198 OF THE COMPANIES ACT,2013 FOR CSR.
CA R SEETHARAMAN
(Expert)
19 January 2023
Such sale is considered as revenue hence the subsidy also to be considered as revenue.
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