Category Archives: ICDS-I

New ICDS-I -Accounting policies w.e.f AY 2017-18

Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 A. Income Computation and Disclosure Standard I relating to accounting policies Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books… Read More »