Query reg. Form 23AC - Capital Reserve / Capital subsidies

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03 June 2010 Query regarding Form 23AC - Capital Reserve / Capital subsidies.

ABC Ltd in its Balance Sheet has mentioned Rs.2,00,000/- under the Heading ‘Capital Reserve’.

There is a note mentioned in the Balance Sheet. That is, Capital Reserve represents subsidy received from the State Government under the State Capital Subsidy Scheme, 1971.

Query : Where do we fill the amount Rs.2,00,000/- ?

Whether we will fill in Page 6 – II. 13. Capital Reserve only or

Whether we will fill in Page 6 – II. 15. Capital subsidies…… only or

Whether we will fill in Page 6 – II. 13. Capital Reserve & also in
15. Capital subsidies.

Experts may recommend the appropriate method for mentioning the amount in the right field.

Thank you for all the concerned.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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04 June 2010 Dear Sir
The appropriate column,as I understood, is page 6-II.13 because e-form 23 AC ,as you know, is for filing balance sheet and hence figures as well as account heads in e-form 23 AC,as far as possible, should tally with the balance sheet. The notes attached ,being self explanatory, will support the rationality of selecting column II.13 in page 6.

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