https://www.taxtmi.com/acts?id=23457 ICDS VIII governs securities for computing income under business or other sources. Part A treats securities held as stock-in-trade: acquisition is recognised at actual cost (including acquisition charges), exchanges are measured at fair value as cost, and unpaid pre-acquisition interest is deducted from cost. At each year end such securities are valued at the lower of initial cost and net realisable value on a categorywise basis; unlisted or irregularly quoted securities remain at actual cost. Where specific identification is not possible, cost is determined by FIFO or weighted average. Part B requires scheduled banks and certain public financial institutions to follow RBI guidelines for classification, recognition and measurement. en-us Mon, 09 Jan 2017 13:20:48 +0530 Thu, 10 Aug 2017 13:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23457 ICDS VIII governs securities for computing income under business or other sources. Part A treats securities held as stock-in-trade: acquisition is recognised at actual cost (including acquisition charges), exchanges are measured at fair value as cost, and unpaid pre-acquisition interest is deducted from cost. At each year end such securities are valued at the lower of initial cost and net realisable value on a categorywise basis; unlisted or irregularly quoted securities remain at actual cost. Where specific identification is not possible, cost is determined by FIFO or weighted average. Part B requires scheduled banks and certain public financial institutions to follow RBI guidelines for classification, recognition and measurement. Act-Rules Direct Taxes Mon, 09 Jan 2017 13:20:48 +0530 https://www.taxtmi.com/acts?id=23457