Government grant disclosures require stating recognition as deduction or income, and non recognition with reasons, in Form 3CD. Form 3CD must disclose government grants recognised during the previous year as deductions from actual cost of an asset or from the written down value of a block of assets, grants recognised as income, grants not so recognised as deductions with reasons for non recognition, and grants not recognised as income with reasons for non recognition.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government grant disclosures require stating recognition as deduction or income, and non recognition with reasons, in Form 3CD.
Form 3CD must disclose government grants recognised during the previous year as deductions from actual cost of an asset or from the written down value of a block of assets, grants recognised as income, grants not so recognised as deductions with reasons for non recognition, and grants not recognised as income with reasons for non recognition.
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