Indian company getting grants from foreign company
This query is : Resolved
DHAVAL R ASHAR
(Querist)
19 May 2016
Respect Experts,
A weird query,
But one my clients(Indian Pvt.Ltd.Co.) is in the process of getting grants from Foreign Trust for Carrying on charitable activities in the field of healthcare. Is there any way we could take and how to disclose in the financial statements.
A weird query,
But one my clients(Indian Pvt.Ltd.Co.) is in the process of getting grants from Foreign Trust for Carrying on charitable activities in the field of healthcare. Is there any way we could take and how to disclose in the financial statements.
Amol S Joglekar
(Expert)
19 May 2016
Accepting grant is not an issue. What is the consideration that your company is going to get for doing this activity is more important.
What is the business your company is into?
What is the business your company is into?
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