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tax free subsidy
govt. allowed tax free subsidy rs25lakhs on capital investment whether it is excluded or not for computing depreciation form asset
Replies (2)
it should be excluded from the value of fixed asset while calculating depreciation on fixed asset
As per my view.,
No... The Subsidy will reversed in the asset head. And Balance value will be c/f to next FY.
No... The Subsidy will reversed in the asset head. And Balance value will be c/f to next FY.
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