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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ICDS - 08 (old) - Rule - Old - ICDS for AY 2016-17 (Since withdrawn) - Other Direct Tax / Income Tax - ICDS - 08 (old) - ICDS VIII - Securities [See: Notification No. 32/2015 Dated:- 31-3-2015] [ Came into force with effect from 1st day of April, 2015, - Only for AY 2016-17] Since Withdrawn vide notification no. 86/2016 dated 29-9-2016 H. INCOME COMPUTATION AND DISCLOSURE STANDARD VIII RELATING TO SECURITIES Preamble This Income Computation and Disclosure Standard is applicable for computation o .....

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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 by a person engaged in the business of insurance; (c) securities held by mutual funds, venture capital funds, banks and public financial institutions formed under a Central or a State Act or so declared under the Companies Act, 1956 (1 of 1956) or t .....

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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 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 .....

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