Income Computation and Disclosure Standards adjustments required in audit reports, with specified itemised format and ICDS disclosures. The amendment to Form 3CD, clause 13, Part B requires auditors to indicate whether adjustments are needed to profits/losses to comply with Income Computation and Disclosure Standards and, if so, to quantify increases, decreases and net amounts across specified ICDS items and provide prescribed headwise disclosures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Income Computation and Disclosure Standards adjustments required in audit reports, with specified itemised format and ICDS disclosures.
The amendment to Form 3CD, clause 13, Part B requires auditors to indicate whether adjustments are needed to profits/losses to comply with Income Computation and Disclosure Standards and, if so, to quantify increases, decreases and net amounts across specified ICDS items and provide prescribed headwise disclosures.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.