Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Home Acts & Rules Direct Taxes Rules Accounting Standards U/s 145(2) Chapters List Old - ICDS for AY 2016-17 (Since withdrawn) This
← Previous Next →
  • Login
  • Plus+

 

User Login
Username  
Password  
Stay sign in     

Forget password       New User/ Regiser


Register for Demo / Trial


Annual Subscription Offer

With popular demand, we introduce:-
Special offer on GST Package for Professionals
i.e. CA/CWA/CS/Advocate/Others @ 2500/- +GST



 

ICDS - 08 (old) - Securities - only for AY 2016-17 - Accounting Standards U/s 145(2)

Extract

..... rces" and not for the purpose of maintenance of books of account. In the case of conflict between the provisions of the Income-tax Act, 1961 ('the Act') and this Income Computation and Disclosure Standard, the provisions of the Act shall prevail to that extent. Scope 1.This Income Computation and Disclosure Standard deals with securities held as stock-in-trade. 2. This Income Computation and Disclosure Standard does not deal with: (a) the bases for recognition of interest and divide .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

ICDS - 08 (old) - Securities - only for AY 2016-17 - Accounting Standards U/s 145(2)

X X   X X   Extracts   X X   X X

..... fined in this Income Computation and Disclosure Standard but defined in the Act shall have the meaning respectively assigned to them in the Act. Recognition and Initial Measurement of Securities 4. A security on acquisition shall be recognised at actual cost. 5. The actual cost of a security shall comprise of its purchase price and include acquisition charges such as brokerage, fees, tax, duty or cess. 6. Where a security is acquired in exchange for other securities, the fair value of the securi .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

ICDS - 08 (old) - Securities - only for AY 2016-17 - Accounting Standards U/s 145(2)

X X   X X   Extracts   X X   X X

..... hares; (b) debt securities; (c) convertible securities; and (d) any other securities not covered above. 11. The value of securities held as stock-in-trade of a business as on the beginning of the previous year shall be: (a) the cost of securities available, if any, on the day of the commencement of the business when the business has commenced during the previous year; and (b) the value of the securities of the business as on the close of the immediately preceding previous year, in any other case .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

ICDS - 08 (old) - Securities - only for AY 2016-17 - Accounting Standards U/s 145(2)

X X   X X   Extracts   X X   X X

 

← Previous Next →

 

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||