CAPITAL INCENTIVE SUBSIDY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2010
FIRM HAS RECEIVED SUBSIDY (CAPITAL INCENTIVE). HOW TO TREAT IT.
- DEDUCT FROM FIXED ASSET AND THEN CACULATE DEPRECIATION? OR
- TREAT IT AS CAPITAL RECEIPT.
IF IT IS TO BE TREATD AS CAPITAL RECEIPT THEN PL TELL ME THE DECISIONS IN THIS FAVOUR. WHETHER CIT Vs R C STORAGE CASE OF ALLAHABAD HIGHCOURT IS APPLICABLE?
- DEDUCT FROM FIXED ASSET AND THEN CACULATE DEPRECIATION? OR
- TREAT IT AS CAPITAL RECEIPT.
IF IT IS TO BE TREATD AS CAPITAL RECEIPT THEN PL TELL ME THE DECISIONS IN THIS FAVOUR. WHETHER CIT Vs R C STORAGE CASE OF ALLAHABAD HIGHCOURT IS APPLICABLE?
04 October 2010
YES CAPITAL SUBSIDY WILL BE DEDUCTED FROM FIXED ASSET AND THEN CALCULATE DEPRECIATION.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
