EXPENSE ON TAKING SUBISY FROM GOVT
This query is : Resolved
CA SUMIT SAPRA
(Querist)
16 July 2011
OUR CLIENT HAS INCURRED EXPENSES (EG. CONSULTANCY FROM THE EXPERTS) TO GET SUBSIDY FROM THE GOVERNMENT IN RELATION TO POWER PROJECT. WHAT WILL B TREATMENT OF THE EXPENSE I.E WHETHER TO REDUCE THE EXPENSE INCURRED FROM THE SUBSIDY RECEIVED FROM THE GOVERNMENT OR TO TREAT AS REVENUE EXPENSE OR TO CAPITALISE THE EXPENSE TO THE CAPITAL ASSET.
THANKS IN ADVANCE
THANKS IN ADVANCE
U S Sharma
(Expert)
16 July 2011
revenue expenditure
Message likes :
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CA SUMIT SAPRA
(Querist)
17 July 2011
thanksbut is any thing about it mentioned in AS or supporting like that
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