https://www.taxtmi.com/manuals?id=3564 ICDS X addresses the accounting treatment of provisions and of contingent assets and contingent liabilities, while expressly excluding matters arising from financial instruments, executory contracts, and insurance contracts with policyholders. It does not cover revenue recognition, depreciation, impairment of assets, or accounting for doubtful debts, each of which is governed by other specific standards. ICDS X therefore applies to creation and measurement of provisions and contingent items only where no other applicable ICDS or accounting guidance prescribes treatment. en-us Tue, 12 Dec 2023 14:58:00 +0530 Tue, 12 Dec 2023 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3564 ICDS X addresses the accounting treatment of provisions and of contingent assets and contingent liabilities, while expressly excluding matters arising from financial instruments, executory contracts, and insurance contracts with policyholders. It does not cover revenue recognition, depreciation, impairment of assets, or accounting for doubtful debts, each of which is governed by other specific standards. ICDS X therefore applies to creation and measurement of provisions and contingent items only where no other applicable ICDS or accounting guidance prescribes treatment. Manuals Income Tax Tue, 12 Dec 2023 14:58:00 +0530 https://www.taxtmi.com/manuals?id=3564