New to income computation and disclosure standards (ICDS)? Here's what you need to know

Karan Khatri , Last updated: 15 July 2015 Share Follow on Google News

INTRODUCTION Background Section-145(2)of Income taxAct, 1961 empowers Central Government to issue Income Computation and Disclosure Standards (ICDS). Key Features of ICDS 1. Effective Date of ICDS is01stApril, 2015e. AY: 2016-17 onwards. 2. ICDS applicable toall assessese. Corporate

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About the Author

Karan Khatri

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Hey there! Im Karan Khatri and Im thrilled to be part of the CA Community on CAclubindia.com. Let me give you a glimpse into my professional journey and how I can contribute to this vibrant community. First and foremost, Im currently working full-time in my fathers filter bag business called Chemi Filters (India). W ... Read more

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