alleryStart learning →Receipt of a grant does not of itself prove what?
AThat the grant is subject to tax
BThat a special audit is needed
CThat tax will be payable on it
DThat its conditions are or will be met
Answer & Solution
Correct answer: D. That its conditions are or will be met
Cash receipt alone is not conclusive evidence that the attached conditions are fulfilled.
Keep practising Ind AS 20 Government Grants and Ind AS 41 Agriculture
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