https://www.taxtmi.com/notifications?id=117465 Notification under section 145(2) prescribes Income Computation and Disclosure Standards (ICDS) for assessees following the mercantile system of accounting to compute income under "Profit and gains of business or profession" and "Income from other sources," superseding the prior 1996 notification and prescribing specific standards on accounting policies, inventory valuation, construction contracts, revenue recognition, tangible fixed assets, foreign exchange effects, government grants, securities, borrowing costs, and provisions and contingent items. en-us Tue, 31 Mar 2015 00:00:00 +0530 Wed, 12 Oct 2016 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117465 Notification under section 145(2) prescribes Income Computation and Disclosure Standards (ICDS) for assessees following the mercantile system of accounting to compute income under "Profit and gains of business or profession" and "Income from other sources," superseding the prior 1996 notification and prescribing specific standards on accounting policies, inventory valuation, construction contracts, revenue recognition, tangible fixed assets, foreign exchange effects, government grants, securities, borrowing costs, and provisions and contingent items. Notifications Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117465