Whether ICDS disclosure in clause 13(f) is mandatory to give in tax audit report, even though there is no adjustment required to be made to the profits or loss for complying with the provisions of ICDS notified under section 145(2) of the Act ? Please render your expert Advice.
30 September 2017
Thanx Madam.Pl.refer follow link http://www.pdicai.org/AnsDisp.aspx?e=ZDzuKmmZkTFuFHXw4KYXId1NSVyDaN8potcDtbCxKXn65%2bFTEThVkHJdsO0UmoDf
30 September 2017
Amended clause 13(d) requires reporting by tax auditor on adjustment required in profits or loss for complying with the ICDS provisions. New clause 13(e) requires ICDS-wise reporting of the adjustments made in profit or loss for ICDS compliance, showing clearly increase/ decrease in profits as well as the overall net effect of such adjustments. Further, clause 13(f) requires reporting of the ICDS-wise disclosures.