The Central Board of Direct taxes has recently released a Discussion paper on Tax Accounting Standards (TAS) for comments/suggestions by all stakeholders. The Direct Taxes Committee of ICAI is in the process of considering the inputs to be given to CBDT with regard to the same.

Suggestions/comments are invited on the Tax Accounting Standards. The same may be sent at [email protected] preferably by 3rd November, 2011. The said discussion paper on Tax Accounting Standards may be downloaded from the link below:

https://taxguru.in/income-tax/cbdt-releases-discussion-paper-tax-accounting-standards.html 

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