ICDS v/s AS of ICAI

| Last updated: 22 December 2016

Dear Friends, Income Tax Department has issued Income Computation Disclosure Scheme (ICDS) under Sec 145 of IT Act w.e.f 2015-16. Sec 145 provides for accounting standards to be followed by tax payer for computing his business income for the year, pay tax and file return accordingly. These ICDS
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CA Pradeep Garg

About the Author

CA & CS

I am Pradeep Garg CA CS with over 30 years experience of handling finance, accounts, audit, taxation company law matters in various MSME class manufacturing units firms.

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