How to account the interest earned on government grants for specific purposes, but presently parked in FD of bank.plz refer the relevant AS/IND AS
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Interest earned on govt grants
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As per accounting standard -9 any income earned will be accounted as "interest income" under the head "Other Income".
There is no specific disclosure for the interest earned on government grants for specific purposes, but presently parked in FD of bank.
So you can account as Other income
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