Booking of capital subsidy

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..... Booking of capital subsidy
Query (Issue) Started By: - Velayutham Panchatcharam Dated:- 21-2-2016 Last Reply Date:- 22-2-2016 Accounting - Auditing
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Companies Law
Dear Member .....

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..... s, We have received capital subsidy from government towards fulfilment of investment as per MOU. My question is whether this subsidy is booking under other income or capital reserve? Looking for you .....

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..... r reply at the earliest. Best regards Panchatcharam V Reply By CS SANJAY MALHOTRA: The Reply: Same is to be accounted as CAPITAL RECEIPT and to be shown in Capital Reserve. Had the same been of R .....

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..... evenue Nature such as Sales Tax Subsidy ..........it would have been accounted as Revenue receipt. Reply By MARIAPPAN GOVINDARAJAN: The Reply: I agree with the views of CS Sanjay Malhotra.
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..... ssion Forum - Knowledge Sharing .....

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