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of <h1>ICDS VIII: Securities Valuation Rules for 2016-17; Excludes Certain Incomes; Withdrawn September 2016</h1> The Income Computation and Disclosure Standard (ICDS) VIII, applicable for the assessment year 2016-17, dealt with securities held as stock-in-trade for computing income under 'Profits and gains of business or profession' or 'Income from other sources.' It excluded interest and dividends on securities, insurance businesses, and certain financial institutions. Securities were initially recognized at actual cost, including acquisition charges. Subsequent valuation was at the lower of actual cost or net realizable value, categorized into shares, debt securities, convertible securities, and others. Unlisted or irregularly quoted securities were valued at cost. The standard was withdrawn in September 2016.
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