PF subsidy

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109 Points Posted on 27 October 2023
Under which head will the government give subsidy on provident fund in the company's books of accounts?
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On 27 October 2023 at 10:57 Report
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Quick Summary
This discussion clarifies how government subsidies for provident funds should be accounted for. The consensus is that these subsidies should be offset directly against the relevant expense, rather than being recorded under a separate head.

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6 Points Posted on 28 October 2023

good

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On 28 October 2023 at 01:13
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109 Points Posted on 28 October 2023
Well what is the answer to the question?
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On 28 October 2023 at 07:06
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CA ipcc
449 Points Posted on 29 October 2023
Since the subsidy is against expense you should knock it off against the expense.
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On 29 October 2023 at 20:29

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