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1. kb.icai.org › pdfs › PDFFile5b278ba27776e6TECHNICAL GUIDE TEC ON HNIC INCOME COMPUTATION AND DISCLOSURE ...

   kb.icai.org › pdfs › PDFFile5b278ba27776e6

   This document is a technical guide on Income Computation and Disclosure Standards (ICDS) notified by the CBDT for taxpayers following mercantile system of accounting. It covers the applicability, interpretation, implementation and impact of ICDS on taxability and provides references to Indian Accounting Standards (Ind-AS) and Accounting Standards (AS).

   • Income Computation and Disclosure Standards (erstwhile Tax ...

     ICDS requires contract revenue to be recognised even if...

   • ICAI - The Institute of Chartered Accountants of India

     CBDT notifies Income Computation and Disclosure Standards. -...

2. cds.icai.orgICAI CDS PORTAL

   cds.icai.org

   The ICAI CDS Portal is the official platform for accessing ICAI publications, study materials, and other resources for CA students and professionals.

3. learning.icai.org › committee › dtcTechnical Guide on Income Computation and Disclosure ...

   learning.icai.org › committee › dtc

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   Learn about the 10 Income Computation and Disclosure Standards (ICDS) notified by the Ministry of Finance in 2016. This course covers the background, scope, application and impact of ICDS on taxable income computation and disclosure.

4. kb.icai.org › pdfs › PDFFile5b4f1b91b7c077Income Computation and Disclosure Standards (erstwhile Tax ...

   kb.icai.org › pdfs › PDFFile5b4f1b91b7c077

   ICDS are Accounting Standards issued by ICAI to compute taxable income under the Income-tax Act, 1961. They are based on the principles of reduction of litigation, minimisation of alternatives and giving certainty to issues.

   • File Size: 282KB

   • Page Count: 8

5. www.icai.org › post › cbdt-notifies-incomeICAI - The Institute of Chartered Accountants of India

   www.icai.org › post › cbdt-notifies-income

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   Feb 4, 2015 · CBDT has notified the income computation and disclosure standards for taxpayers with effect from 1st April, 2015. The notification is available on the ICAI website and the link is provided in the web page.

6. bangaloreicai.org › images › iconsINCOME COMPUTATION AND DISCLOSURE STANDARDS (ICDS) Frequently ...

   bangaloreicai.org › images › icons

   Learn about the Income Computation and Disclosure Standards (ICDS) for tax purposes in India, with answers to frequently asked questions by CA. Manohara Gupta. Find out the applicability, compliance, disclosure and accounting requirements of ICDS for different types of assessees.

7. People also ask

   Did ICAI consider the representations made by ICDs positive?

   • The representations made by ICAI were considered positively by the Expert Committee on ICDS in meeting held on 12.05.2016 and ICAI was asked to prepare detailed FAQs and amendments to ICDS which were submitted on 20.05.2016 (For copy click here).

   ICAI - The Institute of Chartered Accountants of India

   www.icai.org/post/applicability-of-income-computation-and-disclosure-standards-notified-under-section-145-2-of-the-income-tax-act-1961-from-assessment-year-2017-18-08-07-2016

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   Is ICDs a disclosure standard?

   • Accounting Policies. One view is that ICDS I should be regarded merely as a disclosure Standard and not a computation Standard. he other view is that it is a Standard relevant for computation of income as certain provisions in ICDS I relate to computation. The ICDS is not a mere disclosure Stand bec

   TECHNICAL GUIDE TEC ON HNIC INCOME COMPUTATION AND DISCL…

   kb.icai.org/pdfs/PDFFile5b278ba27776e6.75485972.pdf

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   What is ICDs X?

   • it the add tions to the respective blocks of assets.Chapter 11ICDS X : Provisions, Contingent Liabilities & Contingent Assets1. Preamble“This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and g

   TECHNICAL GUIDE TEC ON HNIC INCOME COMPUTATION AND DISCL…

   kb.icai.org/pdfs/PDFFile5b278ba27776e6.75485972.pdf

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   What is ICDs?

   • ICDS is concerned with application of accounting policies and assumptions while co puting income for the purposes of income-tax.3.2. Para 1 st

   TECHNICAL GUIDE TEC ON HNIC INCOME COMPUTATION AND DISCL…

   kb.icai.org/pdfs/PDFFile5b278ba27776e6.75485972.pdf

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   What is ICDs technical guide?

   • With this Technical Guide, an effort was made to gear up the members of our fraternity for implementation of ICDSs and to guide the stakeholders about the significant changes and impact which would take place in computation of taxable income.

   Technical Guide on Income Computation and Disclosure Standards - Vo…

   learning.icai.org/committee/dtc/tgicds-volume1/

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   What are the key recommendations of the ICDS Committee?

   • Key recommendations of the Committee are summarised as: • Draft Income Computation and Disclosure Standards (referred as ‘ICDS’) would need to be in harmony with the provisions of the Income-tax Act, 1961. Further, ICDS would need to lay down specific rules which would enable computation of taxable income with certainty and clarity.

   Income Computation and Disclosure Standards (erstwhile Tax Accounting

   kb.icai.org/pdfs/PDFFile5b4f1b91b7c077.67671922.pdf

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8. www.icai.org › post › applicability-of-incomeICAI - The Institute of Chartered Accountants of India

   www.icai.org › post › applicability-of-income

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   Aug 7, 2016 · ICAI represents the interests of chartered accountants in India and made detailed representations to CBDT on the implementation of Income Computation and Disclosure Standards (ICDS) under section 145 (2) of the Income-tax Act, 1961. CBDT agreed to defer the applicability of ICDS from Assessment Year 2016-17 to 2017-18 and issued FAQs and amendments to ICDS.