https://www.taxtmi.com/forum/issue?id=120375 Do not reduce fixed asset carrying amounts or credit the grant directly to Capital Reserve at inception. Initially record the conditional grant as a deferred government grant/refundable liability and recognise it as Capital Reserve or income only when the grant conditions are substantially complied with, thereby preserving asset values and avoiding distortion of depreciation and financial reporting. en-us Fri, 22 Aug 2025 14:07:59 +0530 Wed, 17 Dec 2025 16:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120375 Do not reduce fixed asset carrying amounts or credit the grant directly to Capital Reserve at inception. Initially record the conditional grant as a deferred government grant/refundable liability and recognise it as Capital Reserve or income only when the grant conditions are substantially complied with, thereby preserving asset values and avoiding distortion of depreciation and financial reporting. Discussion-Forum Companies Law Fri, 22 Aug 2025 14:07:59 +0530 https://www.taxtmi.com/forum/issue?id=120375