Applicability of Income Computation and Disclosure Standards

Applicability of Income Computation and Disclosure Standards notified under section 145(2) of the Income-tax Act, 1961 from Assessment Year 2017-18 The Central Board of Direct Taxes has vide Press Release dated 6.07.2016(For copy click here)clarified that the Income Computation Disclosure Standards shall be applicable from 1.4.2016 i.e. previous year 2016-17 (Assessment Year 2017-18). It is pertinent to inform that the Direct Taxes Committee of ICAI made detailed representation to Cen

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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