How to show the impact of ICDS in ITR. As there is column no. 3 in ITR 3 under other information for ICDS. When we fill this column in the ITR sofware or ITR3 utility from the department,it does not show its effect on the income computation. Or we have to show ICDS effect in B/s and P&l , so that it takes its impact in income computation, if so , then we have to maintain books as per ICDS standards or Accounting standards issued by the ICAI.
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How to show icds impact in itr and income computation
Replies (3)
ICDS is only applicable for computation of income for tax purposes
books are not required to be maintained as per Icds standards
books are not required to be maintained as per Icds standards
Then how will we show the ICDS impact on income computation in ITR, as there is only a disclosure in icds schedule in ITR, no impact in income computation as per income tax softwares or utility, whereas we have to compute income taking the effect of ICDS.
Same problem I am facing. No reply or example anywhere on the forum.
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