I would like to know whether margin money received from KVIC for availing of term loan from bank for purchase of plant and machinery and working capital before setting up a factory is capital or revenue receipt ??
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Margin money from kvic whether capital or revenue receipt
Replies (1)
I think you used the word margin money instead of Subsidy, if subsidy is received for P&M then the subsidy is capital nature and subsidy for WC is revenue nature. However, while working for depreciation the subsidy for P & M is to be reduced to that extent.
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