Hii good morning
If I buy machine for 10,000,00/-
From Government I have received subsidy RS. 2,00,000/-
Now I have to Book depression
At what amount I have to calculate depreciation on 8,00,000 or on 10,00,000/-
Menu
Depreciation after government subsidies
Replies (4)
Depriciation after subsidy is eligible for allowable expenditure
What is status, Company, Firm , LLP , or any other ? please clarify.
Tell me both for proprietary and pvt Ltd
For Sole proprietorship you have to refer AS 12 (Accounting for Govt grants) & For Company you have to refer IND AS 20 ( Government grants & disclosure) .
Recent Topics :
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
Related Topics :
CAclubindia
