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Home Acts & Rules Income Tax Act Income-tax Act, 1961 Chapters List Chapter XIV PROCEDURE FOR ASSESSMENT This

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Section 145 - Method of accounting - Income-tax Act, 1961

Extract

  1. 87/2016 - Dated: 29-9-2016 - Income Tax - Income Computation and Disclosure Standards (ICDS) - New ICDS to be effective from AY 2017-18
  2. 86/2016 - Dated: 29-9-2016 - Income Tax - Income Computation and Disclosure Standards (ICDS) - ICDS notified in 2015 rescinded
  3. 32/2015 - Dated: 31-3-2015 - Income Tax - Income Computation and Disclosure Standards under section 145(2) of the Income-tax Act, 1961 notified
  4. S.O.69(E) - Dated: 25-1-1996 - Income Tax - Notifies the following accounting standards to be followed by all assessees following the mercantile system of accounting u/s 145(2)
  1. Section 43CB - Computation of income from construction and service contracts. - Income-tax Act, 1961
  2. Section 43AA. - Taxation of foreign exchange fluctuation - Income-tax Act, 1961
  3. Section 36 - Other deductions - Income-tax Act, 1961
  4. Section 32A - Investment allowance - Income-tax Act, 1961
  5. Section 158BC - Procedure for block assessment - Income-tax Act, 1961
  6. Section 145B - Taxability of certain income - Income-tax Act, 1961
  7. Section 145A - Method of accounting in certain cases - Income-tax Act, 1961
  8. Section 144 - Best judgment assessment - Income-tax Act, 1961
  9. Note:- Accrual of income - Scope of ICDS - If there is conflict between Section 5 and Section 145, which would prevail
  10. Note:- ICDS - Accrual basis of Accounting - Accrual of income versus Receipt of income
  11. Note:- Whether the provisions of ICDS apply to a non-resident who claims the benefit of a double taxation avoidance agreement (DTAA).
  12. Note:- Where a term has not been defined under ICDS, nor under the Act, but has different interpretations given to it by the courts in tax cases, and in ICAI Accounting Standards, which interpretation would prevail while interpreting...
  13. Note:- In case of conflict between ICDS and other specific provisions of the Income-tax rules, 1962 governing taxation of income like rules 9A, 9B etc. of the Rules, which provisions shall prevail.
  14. Manual - Section 43CB - Computation of income from construction and service contracts
  15. Manual - Section 43AA - Taxation of foreign exchange fluctuation
  16. Manual - Best Judgment Assessment - Section 144
  17. Manual - Method of Accounting - Section 145

 

 

 

 

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