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Manual - ICDS IV : Revenue Recognition
Yes, the provisions of ICDS shall also apply for computation of these incomes on gross basis for arriving at the amount chargeable to tax.
ICDS applicability to gross-basis incomes confirms ICDS governs computation of taxable interest, royalty and fees for technical services. ICDS IV (Revenue Recognition) applies to incomes taxed on a gross basis, including interest, royalty and fees for technical services payable to non-residents, and such receipts must be computed and recognized under ICDS principles for determining the amount chargeable to tax.
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