Income Computation Disclosure Standards (ICDS)
Income Computation Disclosure Standards (ICDS) Central Board of Direct Taxes has notified 10 income Computation and Disclosure standards to ensure control over disclosure of income of assessee, to bring uniformity in accounting policies governing computation of income in accordance with the tax-related provisions, also reducing irregularities among them. ICDS is not for the purpose of maintenance of books of accounts. These are similar to Accounting standards as per Companies Act, 2013 in major ...
