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        Case ID :
        Income Tax

        How are Government grants to be recognized.

        30 August, 2017

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        Manual - ICDS VII : Government Grants

        Government grants are to be recognized when there is reasonable certainty that related conditions would be complied with and it is  reasonably certain that the grants would be received. Government grant should not be postponed beyond actual receipt date.

         

        Recognition of government grants requires reasonable certainty of compliance and receipt; disclose in income computation accordingly. Under ICDS VII, government grants are to be recognized when there is reasonable certainty that the related conditions will be complied with and that the grants will be received; such grants should not be postponed beyond the actual receipt date for income computation and disclosure purposes.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Recognition of government grants requires reasonable certainty of compliance and receipt; disclose in income computation accordingly.

                              Under ICDS VII, government grants are to be recognized when there is reasonable certainty that the related conditions will be complied with and that the grants will be received; such grants should not be postponed beyond the actual receipt date for income computation and disclosure purposes.


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