Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

I - Accounting policies (w.e.f. AY 2017-18)

ICDS - 01 - Rule - Income computation and disclosure standards - w.e.f. AY 2017-18 - Other Direct Tax / Income Tax - ICDS - 01 - A. Income Computation and Disclosure Standard I relating to accounting policies (Vide notification no. 87/2016 dated 29-9 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s" and not for the purpose of maintenance of books of account. In the case of conflict between the provisions of the Income-tax Act, 1961 ('the Act') and this Income Computation and Disclosure Standard, the provisions of the Act shall pr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ing concern" refers to the assumption that the person has neither the intention nor the necessity of liquidation or of curtailing materially the scale of the business, profession or vocation and intends to continue his business, profession or vo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

re accrued, that is, recognised as they are earned or incurred (and not as money is received or paid) and recorded in the previous year to which they relate. Accounting Policies 3. The accounting policies refer to the specific accounting principles a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s and income of the business, profession or vocation. For this purpose, (i) the treatment and presentation of transactions and events shall be governed by their substance and not merely by the legal form; and (ii) marked to market loss or an expected .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nting Policies 6. All significant accounting policies adopted by a person shall be disclosed. 7. Any change in an accounting policy which has a material effect shall be disclosed. The amount by which any item is affected by such change shall also be .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

onably expected to have a material effect in later previous years, the fact of such change shall be appropriately disclosed in the previous year in which the change is adopted and also in the previous year in which such change has material effect for .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version