Academy Award Nominations and Winners: |
| Best Picture |
| Best Director: James Ivory |
| Best Supporting Actress: Maggie Smith |
| Best Supporting Actor: Denholm Elliott |
★ | Best Adapted Screenplay: Ruth Prawer Jhabvala |
| Best Cinematography: Tony Pierce-Roberts |
★ | Best Art Direction: Gianna Quaranta & Brian Ackland-Snow; Brian Savegar and Elio Altamura |
★ | Best Costume Design: Jenny Beavan and John Bright |
|
Golden Globe Nominations and Winners: |
| Best Picture (Drama) |
| Best Director: James Ivory |
★ | Best Supporting Actress: Maggie Smith |
|
Other Awards: |
| Independent Spirit Awards: Special Distinction Award |
| New York Film Critics Circle: Best Supporting Actor (Day-Lewis; also cited for My Beautiful Laundrette); Best Cinematography |
| National Board of Review: Best Picture; Best Supporting Actor (Day-Lewis; also cited for My Beautiful Laundrette) |
| British Academy Awards (BAFTAs): Best Film; Best Actress (Smith); Best Supporting Actress (Dench); Best Production Design; Best Costume Design |