https://www.taxtmi.com/acts?id=23456 ICDS VII governs recognition, measurement and allocation of government grants: recognise grants only with reasonable assurance of compliance and receipt; deduct grants related to depreciable assets from asset cost or block written down value; recognise grants tied to non-depreciable obligations as income over the period of related costs; apportion grants not directly attributable to assets among related assets; recognise compensatory or immediate-support grants when receivable; measure non-monetary concessional grants at acquisition cost; apply refundable grants against deferred credit or charge excess to profit; increase asset cost for refundable grants related to depreciable assets with prospective depreciation adjustment; disclose nature, extent, treatment and reasons for non-recognition. en-us Mon, 09 Jan 2017 13:20:15 +0530 Thu, 10 Aug 2017 13:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23456 ICDS VII governs recognition, measurement and allocation of government grants: recognise grants only with reasonable assurance of compliance and receipt; deduct grants related to depreciable assets from asset cost or block written down value; recognise grants tied to non-depreciable obligations as income over the period of related costs; apportion grants not directly attributable to assets among related assets; recognise compensatory or immediate-support grants when receivable; measure non-monetary concessional grants at acquisition cost; apply refundable grants against deferred credit or charge excess to profit; increase asset cost for refundable grants related to depreciable assets with prospective depreciation adjustment; disclose nature, extent, treatment and reasons for non-recognition. Act-Rules Direct Taxes Mon, 09 Jan 2017 13:20:15 +0530 https://www.taxtmi.com/acts?id=23456