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

By | October 2, 2016
(Last Updated On: 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 NoICDS  NoICDS Relating to
1ICDS-I Accounting Policies
2ICDS-IIValuation of Inventories
3ICDS-IIIConstruction contracts 
4ICDS-IVRevenue Recognition
5ICDS-VTangible Fixed Assets
6ICDS-VIEffects of changes in foreign exchange rates
7ICDS-VII Government grants
9ICDS-IXBorrowing Costs
10ICDS- XProvisions, contingent liabilities and contingent assets
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