Grants from Govt Incone Tax

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....rants from Govt Incone Tax<br> Query (Issue) Started By: - SIVA Bommareddy Dated:- 5-3-2018 Last Reply Date:- 5-3-2018 Income Tax<br>Got 3 Replies<br>Income Tax<br>We are MSME and have recvd a subsidy....

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.... 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 in 2014-2019. If we are out of MSME c....

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....atergory 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 tax) or deffered income(mat)...? Re....

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....ply 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 Bommareddy: The Reply: Dear Sir, Thanks for your rep....

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....ly..! Should that mean that the payment recvd from Govt should not be considered as Income till 2019..? Reply By Ganeshan Kalyani: The Reply: since it is income accrued but not realised you can acco....

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....unt it as deferred income.<br> Discussion Forum - Knowledge Sharing ....