Hi Sandip,
In your case neither the government grant is in regards to specific assests or based on some fullfillment of condition, hence the same should be treated as income of the year i which recived.
Under the ICDS Regulation, ICDSVII deals with government grant which too specify the same.
Regards,
CA Saurabh SIngh
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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