https://www.taxtmi.com/acts?id=20043 ICDS I requires disclosure of significant accounting policies for computation of business or other income, prescribes that policies present a true and fair view and reflect substance over form, and restricts recognition of marked-to-market or expected losses except as allowed by other ICDS. It sets out three fundamental assumptions - Going Concern, Consistency and Accrual - mandates disclosure of significant policies and material changes, and provides transitional rules for contracts and transactions straddling the commencement of the Standard. en-us Fri, 11 Sep 2015 18:43:36 +0530 Mon, 09 Jan 2017 13:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20043 ICDS I requires disclosure of significant accounting policies for computation of business or other income, prescribes that policies present a true and fair view and reflect substance over form, and restricts recognition of marked-to-market or expected losses except as allowed by other ICDS. It sets out three fundamental assumptions - Going Concern, Consistency and Accrual - mandates disclosure of significant policies and material changes, and provides transitional rules for contracts and transactions straddling the commencement of the Standard. Act-Rules Direct Taxes Fri, 11 Sep 2015 18:43:36 +0530 https://www.taxtmi.com/acts?id=20043