Intangible Assets Created from IT Grants recd from Private Corporates
This query is : Open
27 November 2025
A Client Recd a Software Credits at No Price ( From a Overseas Co. ) from against his idea of Software which he utilised for development of Software which got now materialised and the Revenue is getting generated . The Value of Credits were around 2 Cr . Now whether the Intangible Assets of 2 cr can be Created as Intangible Assets in the books and How .
As12 - Governments Grants , i hope will not be applicable being its Overseas Private Co. who provided Grants (Credits) .
As12 - Governments Grants , i hope will not be applicable being its Overseas Private Co. who provided Grants (Credits) .
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