Icds
This query is : Resolved
17 April 2016
Yes it is applicable as it is part of Finance Bill 2015.
♦ There is some misinformation being spread that ICDSs may not be applicable for May 2016 exams, which is false.
♦ As per Board of Studies Announcement dated 2-1-2016 on “Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2016 – Final Examination”, all amendments upto 31-10-2015 are applicable.
♦ Further, the RTPs and Supplementary issued by ICAI for May 2016 also contain references to ICDSs.
♦ Hence, the students may please note that they should not be confused about unverified claims.
♦ Students must study ICDSs, which have revamped the day-to-day computation of PGBP/IFOS Income.
Source: https://vineetsodhani.com/ca-final-and-ipcc-may-2016-icds-are-applicable-for-exams/
♦ There is some misinformation being spread that ICDSs may not be applicable for May 2016 exams, which is false.
♦ As per Board of Studies Announcement dated 2-1-2016 on “Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2016 – Final Examination”, all amendments upto 31-10-2015 are applicable.
♦ Further, the RTPs and Supplementary issued by ICAI for May 2016 also contain references to ICDSs.
♦ Hence, the students may please note that they should not be confused about unverified claims.
♦ Students must study ICDSs, which have revamped the day-to-day computation of PGBP/IFOS Income.
Source: https://vineetsodhani.com/ca-final-and-ipcc-may-2016-icds-are-applicable-for-exams/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Tax rate change regarding
- GST ISSUE OF INPUT AND OUTPUT GST
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
