Are ICDS applicable for CA Final, Nov-15 in Direct taxes?
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Icds
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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.
Is there an ICAI announce on the same?
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.
Regarding icds applicability, you can check this notification
How many subjects are there in CA. Every year exams are on 15th Nov?
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
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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