Machinery interest subsidy
This query is : Open
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.
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.
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