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Reg. accounting treatment of pmegp capital subsidy

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2014 Dear Experts

Pls explain what will be the accounting treatment of subsidy received for establishing Manuf. Unit under PMEGP Scheme.

further we have received the subsidy but parked by bank in a separate account and will be released only after completion of 3 years satisfactory loan repayment and operation.

What will be the accounting treatment in this case?

Earliest reply will be highly appreciable with thanks and regards.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
18 August 2014 If it is capital subsidy, then create a separate head as Capital subsidy under reserve and surplus.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
18 August 2014 If it is capital subsidy, then create a separate head as Capital subsidy under reserve and surplus.
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