List of 10 New ICDS Notified by CBDT w.e.f AY 2017-18

By | October 2, 2016

 Income Computation and Disclosure Standards -ICDS

w.e.f AY 2017-18

CBDT has vide   Notification No. 87/2016-Income Tax Dated: 29.09.2016 notified following new Income Computation and Disclosure Standards -ICDS- w.e.f AY 2017-18

Sr No ICDS  No ICDS Relating to
1 ICDS-I  Accounting Policies
2 ICDS-II Valuation of Inventories
3 ICDS-III Construction contracts 
4 ICDS-IV Revenue Recognition
5 ICDS-V Tangible Fixed Assets
6 ICDS-VI Effects of changes in foreign exchange rates
7 ICDS-VII Government grants
8 ICDS-VIII Securities
9 ICDS-IX Borrowing Costs
10 ICDS- X Provisions, contingent liabilities and contingent assets
Direct Taxes Ready Reckoner Service Tax Ready Reckoner Company Law Ready Reckoner tax deduction at source
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