Workshop on ICDS on 11th May 2018 at New Delhi

Income Computation and Disclosure Standards (ICDS) were made applicable from Assessment Year 2017-18. However, in November 2017, the Delhi High Court in its decision in the case of Chamber of Tax Consultants & Anr Vs. UOI & Ors (400 ITR 178) struck down various ICDS provisions. 

Thereafter, vide Finance Act 2018, various ICDS provisions were incorporated as into the Income-tax Act, 1961 (the Act), with retrospective effect from AY 2017-18. 

ASSOCHAM is organizing a workshop on the ICDS which will throw insights on the provisions of ICDS, its interplay with the Act, impact of the aforementioned Delhi High Court ruling and impact of the recent amendments in the Act, as per the following schedule:

Topics to be discussed:
The following topics would be covered in the ONE day exhaustive Workshop:

Technical Session-I

• ICDS I: Accounting Policies
• ICDS II: Valuation of Inventories
• ICDS III: Construction contracts

Technical Session-II

• ICDS IV: Revenue recognition
• ICDS V: Tangible fixed assets
• ICDS VI: Effects of changes in foreign exchange rates

Technical Session-III

• ICDS VII: Government Grants
• ICDS VIII: Securities
• ICDS IX: Borrowing costs
• ICDS X: Provisions, Contingent liabilities, Contingent assets

The presentation on each ICDS will cover the following points:

• Overview of the ICDS provisions
• Interplay between the ICDS provisions and that of the Income tax Act, 1961
• Delhi High Court ICDS decision and its impact
• Finance Act 2018 amendments and impact

Speakers:

• Mr. Prateek Agarwal, Partner- Audit & Assurance, Nangia & Co. LLP
• Mr. Arjun Khandelwal, Director - Corporate and International Tax, PwC
• Other Eminent Tax Experts consulting firms

Who should attend:

The Workshop is targeted at officers dealing in Taxation, Accounts in the corporate world as well as practicing CA, CS, CMA and other related professionals, Trade & Industry, Government, Public Sector Units, Consultancy Organizations, Funding Agencies, Corporate Lawyers, Banks & Other Financial Institutions.

Registration Fee:

• Fees is kept at Rs. 3500/- per participant (including Taxes, refreshment & lunch)
• 10% discount for two or more persons from the same organization

For Registration:
(Prior Registration is mandatory)

Kindly fill in the attached registration form and send to us at
finance @ assocham.com/taxation.assocham @ gmail.com at the earliest.

DOWNLOAD REGISTRATION FORM

For further details please contact: