Subsidy income of earlier year reversed due to non receipt

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21 Points Posted on 08 October 2016

For the year 2012-13 to 2015-16 TUF interest subsidy accounted, but not received till date.

due to non receipt receivable subsidy reversed during the current year & claim as deduction against current year income ???

Kindly advice on the same.

Thanks in advance

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On 08 October 2016 at 19:24 Report
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Chartered Accountant in Practice
397 Points Posted on 08 October 2016
yes..please write off the accrued subsidy if there receipt is not reasonably certain.

It qualifies for claim under bad debt.
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On 08 October 2016 at 19:32

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