30 March 2019
If any firm received machinery interest subsidy more than Loan interest for the financial year than how we can show in P&L account. E.G. A firm received Interest Subsidy Rs. 75000 ( 50000 + 25000). and Loan interest for the year Rs.50000. Please help me. Interest subsidy is taxable? How can show in P&L account.
CAclubindia
