https://www.taxtmi.com/forum/issue?id=2955 Capital government grants are recognised when reasonable assurance exists that conditions will be met and receipt is probable; they may reduce the asset's cost, be treated as deferred revenue recognised over the useful life for depreciable assets, or be credited to capital reserve for non-depreciable assets. en-us Thu, 14 Apr 2011 15:02:00 +0530 Thu, 23 Jan 2025 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2955 Capital government grants are recognised when reasonable assurance exists that conditions will be met and receipt is probable; they may reduce the asset's cost, be treated as deferred revenue recognised over the useful life for depreciable assets, or be credited to capital reserve for non-depreciable assets. Discussion-Forum Income Tax Thu, 14 Apr 2011 15:02:00 +0530 https://www.taxtmi.com/forum/issue?id=2955