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Depreciation after government subsidies

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166 Points Posted on 11 June 2024
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/-
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On 11 June 2024 at 11:03 Report
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Profession Business
28207 Points Posted on 11 June 2024
Depriciation after subsidy is eligible for allowable expenditure
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On 11 June 2024 at 11:19
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GST Practitioner & Accounts
15093 Points Posted on 11 June 2024
What is status, Company, Firm , LLP , or any other ? please clarify.
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On 11 June 2024 at 11:40
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166 Points Posted on 11 June 2024
Tell me both for proprietary and pvt Ltd
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On 11 June 2024 at 11:57
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GST Practitioner & Accounts
15093 Points Posted on 11 June 2024
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) .
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On 11 June 2024 at 13:03


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