Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Annual accounts must separately itemise grants and subsidies, naming recipient organisations, activities, and current vs prior year amounts.</h1> Prescribes the annual statement of accounts disclosure for 'Expenditure on grants, subsidies etc.' by requiring a separate schedule itemising (a) grants given to institutions/organisations and (b) subsidies given to institutions/organisations, with amounts reported for the current year and previous year and a total. It further mandates disclosure of the recipient entities' names, their activities, and the amounts of grants/subsidies, thereby standardising financial reporting and ensuring transparency and comparability of such expenditure across accounting periods.
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