Hi,
Amongst the following,
Government grants,
Subsidy,
Capital allowances,
50 percent discount sale,
Which of them will give rise to temporary difference in deferred tax? Is a government grant given like a claim or cash only?
Hi,
Amongst the following,
Government grants,
Subsidy,
Capital allowances,
50 percent discount sale,
Which of them will give rise to temporary difference in deferred tax? Is a government grant given like a claim or cash only?
That is comforting and I knew about capital allowances but not grants. So grants cannot give rise to temporary difference liability because a grant will reduce the carrying amount in two methods and assets tax base always be higher. Correct?
So does it give rise to deferred taxes?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
