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<h1>Government grant disclosures require stating recognition as deduction or income, and non recognition with reasons, in Form 3CD.</h1> 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.