https://www.taxtmi.com/forum/issue?id=121130 Depreciation treatment is queried for fixed assets acquired by a non-profit Section 8 company partly through a government grant or subsidy. The grant is recorded as a liability and the full asset cost is recognised. The issue concerns treatment under applicable Accounting Standards or ICDS and the resulting effect, if any, on the Income and Expenditure Account. en-us Sat, 19 Sep 2026 18:09:13 +0530 Sat, 19 Sep 2026 18:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121130 Depreciation treatment is queried for fixed assets acquired by a non-profit Section 8 company partly through a government grant or subsidy. The grant is recorded as a liability and the full asset cost is recognised. The issue concerns treatment under applicable Accounting Standards or ICDS and the resulting effect, if any, on the Income and Expenditure Account. Discussion-Forum Accounting - Auditing Sat, 19 Sep 2026 18:09:13 +0530 https://www.taxtmi.com/forum/issue?id=121130