Hi
If a company received Grant from another company (not a Govt, grant) for purchase of a specific fixed asset
how the accounting should be done
Menu
Accountng for grants
Replies (3)
please read
AS 12. Accounting Treatment of Government Grants
please read the attached file for non govt funding / grants
So, according to this non govt. grant received towards specific fixed asset can be taken as income during the FY
correct ??
Recent Topic
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
Related Topics
CAclubindia
