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Securities - only for AY 2016-17

ICDS - 08 (old) - Rule - Old - ICDS for AY 2016-17 (Since withdrawn) - Other Direct Tax / Income Tax - ICDS - 08 (old) - ICDS VIII - Securities [See: Notification No. 32/2015 Dated:- 31-3-2015] [ Came into force with effect from 1st day of April, 201 .....

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f income chargeable under the head "Profits and gains of business or profession" or "Income from other sources" and not for the purpose of maintenance of books of account. In the case of conflict between the provisions of the Inco .....

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This Income Computation and Disclosure Standard does not deal with: (a) the bases for recognition of interest and dividends on securities which are covered by the Income Computation and Disclosure Standard on revenue recognition; (b) securities held .....

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he Companies Act, 2013 (18 of 2013). Definitions 3(1) The following terms are used in this Income Computation and Disclosure Standard with the meanings specified: (a) "Fair value" is the amount for which an asset could be exchanged between .....

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f 1956), other than Derivatives referred to in sub-clause (1a) of that clause. 3(2) Words and expressions used and not defined in this Income Computation and Disclosure Standard but defined in the Act shall have the meaning respectively assigned to t .....

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, fees, tax, duty or cess. 6. Where a security is acquired in exchange for other securities, the fair value of the security so acquired shall be its actual cost. 7. Where a security is acquired in exchange for another asset, the fair value of the sec .....

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quisition and post-acquisition periods; the pre-acquisition portion of the interest is deducted from the actual cost. Subsequent Measurement of Securities 9. At the end of any previous year, securities held as stock-in-trade shall be valued at actual .....

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each individual security. For this purpose, securities shall be classified into the following categories, namely:- (a) shares; (b) debt securities; (c) convertible securities; and (d) any other securities not covered above. 11. The value of securiti .....

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