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Treatment of subsidy

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(Querist)
28 August 2012 one of my client got DIC Subsidy and Coirboard Subsidy. I can show this subsidy as income. Where can i Adjust this subsidy.
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CA Ghanshyam Joshi

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CA Ghanshyam Joshi (Expert)
28 August 2012 Subsidy received for Capital Investment i.e. for Fixed Assets should be credited to the Gross Block of the assets

If the subsidy is of revenue nature then it shoud be shown as Income in the profit and loss account.
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Vikky Vasvani

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Vikky Vasvani (Expert)
28 August 2012 agreed....
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Manoharan

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Manoharan (Querist)
28 August 2012 Thank for your kind reply.

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