Sir,
Subsidy A/c wheter become capital receipt or revenue receipt?
I am working in A govt Corporation under social welfare dept, then various scheme under loan scheme subsidy disburse, but which head under take subsidy acct.?
Menu
About Subsidy A/c
Replies (6)
Which nature You received subsidy...?
Generally it's accounted as which is loan taken : ie; If machinery loan then subsidy will less in the machinery account...
Generally it's accounted as which is loan taken : ie; If machinery loan then subsidy will less in the machinery account...
Sir,
i'm working as a accountant in govt corporation, in our dept disburse various scheme loan for s.c. community. when i write accounting that time loan subsidy which under take Subsidy A/c.
i'm working as a accountant in govt corporation, in our dept disburse various scheme loan for s.c. community. when i write accounting that time loan subsidy which under take Subsidy A/c.
As Er my view it will account under expense head as Subsidy to SC...
Any thing rec'd from employer is salary.
Read the query first
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
