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Subsidy [agriculture] from government

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(Querist)
19 May 2018 Assessee has income from Agriculture. New machine purchased for the field costed Rs 200000. Subsidy received from government later of Rs 75,000. What shall be the accounting treatment / asset value in books?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 May 2018 Subsidy may be credited to the machine a/c.
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RAJA P M

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RAJA P M (Expert)
19 May 2018 Yes... I agreed to Mr B Chackrapani warrier Sir.
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