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Income computation and disclosure standard

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Querist : Anonymous (Querist)
19 July 2016 Dear sir,

1. Rules and regulation of Income computation and disclosure standard

2. when ICDS is coming into operation

3.what is the legal binding of institutional Accounting Standard and note on ICDS

4. Completion Contract method under ICDS and under Income Tax Act

19 July 2016 Earlier ICDS was applicable wef AY 2016-17 but recently it has been postponed for 1 year. Now it will be applicable wef AY 2017-18



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