https://www.taxtmi.com/news?id=2357 The CBDT's discussion paper proposes Tax Accounting Standards (TAS) to govern computation of taxable income under the Income Tax Act, removing alternative accounting treatments, providing certainty on tax accounting issues, facilitating transition to IFRS, and remaining distinct from company-law standards while not requiring separate books of account. en-us Thu, 20 Oct 2011 18:12:27 +0530 Thu, 20 Oct 2011 18:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2357 The CBDT's discussion paper proposes Tax Accounting Standards (TAS) to govern computation of taxable income under the Income Tax Act, removing alternative accounting treatments, providing certainty on tax accounting issues, facilitating transition to IFRS, and remaining distinct from company-law standards while not requiring separate books of account. News - Thu, 20 Oct 2011 18:12:27 +0530 https://www.taxtmi.com/news?id=2357