Grants from Govt Incone Tax

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..... We are MSME and have recvd a subsidy on interest on term loan recently from our state govt. However the payment recvd can only be recognized if we complete 5 years under MSME category which will end .....

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..... in 2014-2019. If we are out of MSME catergory by virtue of any future investments upto 2019 we should pay back the subsidy recvd. How should we consider the payment recvd from govt...as income(income .....

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..... tax) or deffered income(mat)...? - Reply By KASTURI SETHI - The Reply = At first , you are bound to follow terms and conditions of granting subsidy to you by State Govt. - Reply By SIVA Bommared .....

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..... dy - The Reply = Dear Sir, Thanks for your reply..! Should that mean that the payment recvd from Govt should not be considered as Income till 2019..? - Reply By Ganeshan Kalyani - The Reply = sinc .....

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..... e it is income accrued but not realised you can account it as deferred income. - Grants from Govt Incone Tax - Query Started By: - SIVA Bommareddy Dated:- 5-3-2018 Income Tax - Got 3 Replies - Incom .....

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..... e Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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