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Grant Accounting for Asset

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(Querist)
15 March 2023 Dear Team

Can anyone tell about rules and regulation and also Accounting treatment for Capital grant received from any Private corporate/ Individual/Trust?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 March 2023 Capital grants can be adjusted against capital asset or kept under liability and adjusted against depreciation every year.

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