Depericiation on windmill
This query is : Resolved
18 September 2013
i hve a query abt dep. on windmill costing 300 lakhs. subsidy from gov. received of 15 lakh on installation of windmill. Now whether we charge dep. on 300 lakh or on 285 lakh.
plz resolve it
plz resolve it
18 September 2013
As per AS 12 and AS 10 the cost of asset shall be reduced when the entity is receving subsidy.
so in your case u should charge dep on 300 lakhs -15 lakks= 285 lakhs.
so in your case u should charge dep on 300 lakhs -15 lakks= 285 lakhs.
18 September 2013
okk sir
thanks a lot
wat happen if entity receive subsidy at the end of year
thanks a lot
wat happen if entity receive subsidy at the end of year
18 September 2013
the ans remains the same time will not change the accounting treatment the imp point is subsidy in reality should be received at any time by the entity.
18 September 2013
ok sir
n once again thanks alot
n once again thanks alot
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- ASMT-10 received from A O
- IT returns for fresh job holders
- ITR-Capital Gain
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
