CA. Tejas K. Andharia
It’s my pleasure to publish this e-book on Income Computation and Disclosure Standards. This e-book is an attempt to summarize the relevant provisions of Income Computation and Disclosure Standards in comparison with provisions of Accounting Standards. Relevant sections of Income Tax Act, 1961 are also discussed at appropriate places.
My lectures in series of meetings on ICDS (jointly organized by Bhavnagar C. A. Association and Bhavnagar Income Tax Bar Association) inspired me to write this e-book.Online GST Certification Course by TaxGuru & MSME- Click here to Join
I hope this e-book will be helpful not only to practicing CAs and Income Tax Practitioners, but also to students of professional courses like CA/CS/C WA.
Readers may just go to the “contents” page and click on link of relevant chapter, it will automatically redirect the reader to concerned page.
I am thankful to almighty god who gave me the morale to write this e-book. Suggestions, criticism and guidance are most welcome from readers of this e-book.
|About the Author||2|
|Chapter – 1 : Background of ICDS and certain general aspects||5|
|Chapter – 2 : ICDS – I Accounting Policies||14|
|Chapter – 3 : ICDS – II Valuation of inventories||17|
|Chapter – 4 : ICDS-III Construction Contracts||20|
|Chapter – 5 : ICDS-IV Revenue Recognition||25|
|Chapter – 6: ICDS-V Tangible Fixed Assets||30|
|Chapter – 7: ICDS-VI The Effects of Changes in Foreign Exchange Rates||36|
|Chapter – 8: ICDS-VII Government Grants||40|
|Chapter – 9: ICDS -VIII Securities||44|
|Chapter – 10: ICDS – IX Borrowing Costs||48|
|Chapter–11: ICDS – X Provisions, Contingent Liabilities and Contingent Assets||54|
(CA. Tejas K. Andharia -B. COM, F.C.A., D.I.S.A.(ICAI), D.I.R.M.(