<h1>Finance Bill 2015: ICDS Definition of Income Won't Impact Welfare Subsidies for Non-Business Individuals, Says Government.</h1> The Finance Bill, 2015, includes provisions that have raised concerns regarding the definition of income. However, the Central Board of Direct Taxes clarified that the Income Computation and Disclosure Standards (ICDS), applicable to business or professional income, do not affect individuals receiving subsidies like LPG or other welfare benefits. The amendment aligns the income definition with ICDS standards but does not impact welfare subsidies for individuals without business or professional income. The government assured that such subsidies remain unaffected by the proposed changes in the Finance Bill.