Tangible fixed asset treatment clarifies capitalisation, cost components and disclosure obligations under ICDS V for income computation. Income Computation and Disclosure Standard V prescribes identification, capitalisation and measurement of tangible fixed assets, requiring actual cost to include purchase price, import duties and directly attributable expenditures (net of discounts and recoverable taxes), capitalisation of start-up and commissioning costs, allocation rules for jointly owned or block purchases, treatment of non-monetary consideration at fair value as actual cost, elimination of internal profits for self-constructed assets, and disclosures including description, cost or written down value, additions/deductions and depreciation.