Govt grants
This query is : Resolved
16 May 2013
Where would govt grants/subsidies be included in cost sheet preparation
16 May 2013
What Grant you are receiving?. whether it capital nature or other?
17 May 2013
what if it is capital nature
and what if it is others
i want to know the treatment in the cost sheet preparation
Thanku
and what if it is others
i want to know the treatment in the cost sheet preparation
Thanku
17 May 2013
Capital nature grant means which received in aid of capital expenses. such as cash no question of come in to cost sheet
In case of grant in aid of revenue nature also no need to consider in cost sheet, cost sheet represents the cost of the product or service, so after arriving the cost sheet and cost, in place of considering revenue or sale the same grant can be considered
In case of grant in aid of revenue nature also no need to consider in cost sheet, cost sheet represents the cost of the product or service, so after arriving the cost sheet and cost, in place of considering revenue or sale the same grant can be considered
04 July 2013
Govt. is 2 types of grant one is Capital grant and the other is revenue grant.
Capital Grant received is to be deducted from the Capital expenditure incurred by you and then depreciation is to be charged.
In case of revenue grant it is to be credited to the P & L A/c or directly credit to the expenses against which grant is received.
Capital Grant received is to be deducted from the Capital expenditure incurred by you and then depreciation is to be charged.
In case of revenue grant it is to be credited to the P & L A/c or directly credit to the expenses against which grant is received.
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Putting a heading on received mail
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
