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Subsidy recd from govt

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(Querist)
26 July 2014 Sir, I want to know that the subsidy recd by the assessee from the the State/Central Govt.during F.Y 13-14 should be reduce the Capital assets for which it has recd or to account in the capital accounts of the assessee.
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Vishnu Saboo

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Vishnu Saboo (Expert)
28 July 2014 yes, you have to reduce it and with net off amount u have to capitalize.

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