Notified ICDS and their corresponding AS's & IndAS's - Income Tax - Ready Reckoner - Income Tax

Notified ICDS and Corresponding AS and Ind AS ICDS Corresponding AS Corresponding Ind AS ICDS I Accounting Policies AS 1 Disclosures of Accounting Policies Ind AS 1 - Presentation of Financial Statements ICDS II Valuation of Inventories AS 2 Valuation of Inventories Ind AS 2 Inventories ICDS III Construction Contracts AS 7 Construction Contracts Ind AS 115 Revenue from contracts with customers ICDS IV Revenue Recognition AS 9 Revenue Recognition Ind AS 115 Revenue from contracts with customers ICDS V Tangible Fixed Assets AS 10 Property, Plant Equipment Ind AS 16 - Property, Plant and Equipment ICDS VI Effect of changes in foreign exchange rates AS 11 The Effects of Changes in foreign exchange rates Ind AS 21 The Effects of changes in foreign exchange rates ICDS VII Government Grants AS 12 Accounting for Government Grants Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance ICDS VIII Securities AS 13 Accounting for Investments Ind AS 40 Investment Property, Ind AS109 Financial Instruments, Ind AS 105 Non-current Assets held for Sale and Discontinued Operations ICDS IX Borrowing Costs AS 16 Borrowing Costs Ind AS 23 - Borrowing Costs ICDS X Provisions, Contingent Liabilities and Contingent Assets. AS 29 - Provisions, Contingent Liabilities and Contingent Assets Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets