tax free subsidy
MOHAMMED IMRAN (1020 Points)
25 July 2018
govt. allowed tax free subsidy rs25lakhs on capital investment whether it is excluded or not for computing depreciation form asset
2 Replies
Kavita Modi
(CA Job)
(232 Points)
Replied 25 July 2018
it should be excluded from the value of fixed asset while calculating depreciation on fixed asset
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 July 2018
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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