https://www.taxtmi.com/manuals?id=1293 Income Computation and Disclosure Standard I applies to significant accounting policies used for computing income under business or other sources. It recognises going concern, consistency and accrual, but not materiality or prudence, and requires substance over legal form. Marked-to-market loss or expected loss is not recognised unless permitted by another ICDS. Accounting policies must present a true and fair view, changes require reasonable cause, and significant policies, material changes, expected future impacts and non-compliance with fundamental assumptions must be disclosed. en-us Thu, 19 Nov 2015 17:24:00 +0530 Fri, 10 Apr 2026 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1293 Income Computation and Disclosure Standard I applies to significant accounting policies used for computing income under business or other sources. It recognises going concern, consistency and accrual, but not materiality or prudence, and requires substance over legal form. Marked-to-market loss or expected loss is not recognised unless permitted by another ICDS. Accounting policies must present a true and fair view, changes require reasonable cause, and significant policies, material changes, expected future impacts and non-compliance with fundamental assumptions must be disclosed. Manuals Income Tax Thu, 19 Nov 2015 17:24:00 +0530 https://www.taxtmi.com/manuals?id=1293