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Capital subsidy
Please suggest treatment of capital subsidy received in pvt Ltd from income tax point of view
Replies (6)
not taxable
In case we choose it as deferred income, we should disallow it while calcuting taxable income, right?
disallow nahi, deduction from income
O yes, thank you sir
Capital subsidary should be capitalised or deferred as the case may be...
since it is capital recceipt so it is not taxable.
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