Taxmann Law Relating to Income Computation and Disclosure Standards ICDS

Taxmann Law Relating to Income Computation and Disclosure Standards ICDS Description

This book explains every provision of Income Computation & Disclosure Standards (ICDS) in light of the Relevant Legal Provisions along with the following:

• Case Laws
• CBDT Circulars
• ICAI’s Views
• Case Studies
• Illustrations

The Present Publication is the 5^th Edition, authored by CA Srinivasan Anand G. The law stated in this book is amended by the Finance Act 2022, with the following noteworthy features:

• [Applicability of ICDS] including scope exclusions, have been explained in detail
• [Application Guide for ICDS] is given in this book
• [ICDS vs AS/Ind AS] This book covers the differences between the requirements of every ICDS and corresponding AS/Ind AS
• [Tax Audit Report in Form 3CD] impacted by ICDS has also been discussed
• [ICDS-wise Alphabetical Table of Cases] is given at the start of the book
• [Alphabetical Reckoner to ICDSs] are provided for ease of reference

The detailed content of the book is as follows:

• ICDS – I (Revised) – Accounting Policies
• ICDS – II (Revised) – Valuation of Inventories
• ICDS – III (Revised) – Construction Contracts
• ICDS – IV (Revised) – Revenue Recognition
• ICDS – V (Revised) – Tangible Fixed Assets
• ICDS – VI (Revised) – The effects of changes in foreign exchange rates
• ICDS – VII (Revised) – Government Grants
• ICDS – VIII (Revised) – Securities
• ICDS – IX (Revised) – Borrowing Costs
• ICDS – X (Revised) – Provisions, Contingent Liabilities and Contingent Assets

Taxmann Law Relating to Income Computation and Disclosure Standards ICDS