https://www.taxtmi.com/article/detailed?id=17264 Tax computation under the Income-tax Act, 1961 is controlled by statutory provisions and the real-income principle, not merely by Ind AS or ICDS accounting entries. Notional income from discounting refundable security deposits, amortisation of royalty already taxed, or other temporal accounting allocations does not create taxable income without a real receipt or enforceable right to receive. Asset-related grants must follow the statutory actual-cost mechanism, while Ind AS-ICDS borrowing-cost differences are computational timing differences. A procedural delay in certification cannot defeat a substantive research-and-development deduction where underlying approval is undisputed. en-us Mon, 24 Aug 2026 08:36:13 +0530 Mon, 24 Aug 2026 08:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17264 Tax computation under the Income-tax Act, 1961 is controlled by statutory provisions and the real-income principle, not merely by Ind AS or ICDS accounting entries. Notional income from discounting refundable security deposits, amortisation of royalty already taxed, or other temporal accounting allocations does not create taxable income without a real receipt or enforceable right to receive. Asset-related grants must follow the statutory actual-cost mechanism, while Ind AS-ICDS borrowing-cost differences are computational timing differences. A procedural delay in certification cannot defeat a substantive research-and-development deduction where underlying approval is undisputed. Articles Income Tax Mon, 24 Aug 2026 08:36:13 +0530 https://www.taxtmi.com/article/detailed?id=17264