What is ICDS?

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..... e Central Government in the exercise of the powers conferred by Section 145(2) of the Income-tax Act, 1961 to bring uniformity in the accounting policies and provisions of the Income-tax Act and t .....

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..... sts 10. ICDS X: Provisions, Contingent Liabilities, and Contingent Assets ICDS is applicable only for the computation of taxable income and not for the maintenance of books of account.​ .....

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