Are ICDS applicable for CA Final, Nov-15 in Direct taxes?

 
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Student

You mean Income Computation and Disclosure Standards, right? If yes then they are applicable from 1st April 2015 and hence not relevant for Nov 15 exams.

 
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Is there an ICAI announce on the same?
 
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Student

Only ammendments made up to 30th April 2015 are relevant. And which are relevant for ay 2015-16. The said ICDS is applicable for ay 2016-17 onwards

You can check it in the rtp itself.

 
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Student

Regarding icds applicability, you can check this notification



Attached File : 131263 20151023213311 notification33 2015.pdf downloaded 120 times
 
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Others

How many subjects are there in CA.  Every year exams are on 15th Nov?

 

 
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Student

There are 7 subjects at Inter level and 8 in final level.

No CA exams are conducted twice a year. In May and November, both in their first week

 
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We are following Accrual based Accounting for all.
Can I show One or two Expenses or Income on Cash basis like for Bonus, Gratiuty or Govt Incentives as earlier after introduction of Income Computation and Disclosure Standards

 

Pls reply

 

 
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