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Regarding subsidy

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(Querist)
01 March 2014 what is the accounting treatment for subsidy received by a pvt.ltd. company in the F.Y. 12-13. amt - 1,20,00,000/-
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 March 2014 depends on the purpose for which subsidy is received. revenue subsidy shall be credited to profit and loss account.

capital subsidies should be transferred to balancesheet
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 March 2014 for more, please refer https://www.mca.gov.in/Ministry/notification/pdf/AS_12.pdf
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