https://www.taxtmi.com/news?id=14430 The Finance Bill aligns the statutory definition of income with Income Computation and Disclosure Standards (ICDS), which apply only to persons with income chargeable under the heads Profits and gains of business or profession or Income from other sources who follow the mercantile system of accounting; accordingly LPG subsidy and other welfare subsidies received by individuals not falling under those ICDS-applicable categories are not affected. en-us Wed, 06 May 2015 09:47:04 +0530 Wed, 06 May 2015 09:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14430 The Finance Bill aligns the statutory definition of income with Income Computation and Disclosure Standards (ICDS), which apply only to persons with income chargeable under the heads Profits and gains of business or profession or Income from other sources who follow the mercantile system of accounting; accordingly LPG subsidy and other welfare subsidies received by individuals not falling under those ICDS-applicable categories are not affected. News - Wed, 06 May 2015 09:47:04 +0530 https://www.taxtmi.com/news?id=14430