Tag Archives: Effects of changes in foreign exchange rates

New ICDS-VI -Effects of changes in foreign exchange rates w.e.f AY 2017-18

Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates 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… Read More »