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Income Computation and Disclosure Standards (ICDS) notified under Section 145 (2) of the Income -tax Act 1961 to be applicable from 1stApril 2016

News and Press Release - Dated:- 6-7-2016 - Vide Notification No. SO 892 (E) dated 31st March, 2015, the Central Government notified 10 Income Computation and Disclosure Standards (ICDS). These ICDS are applicable from 1.4.2015 i.e. previous year 2015-16 (Assessment Year 2016-17). Subsequent to notification of the ICDS, a number of representations were received which were examined by an Expert Committee. The Committee has recommended amendments to the notified ICDS and also issuance of clarifica .....

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