ICDS applicability

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752 Points Joined March 2014
icds is applicable only to the assessees who follow Mercantile system...
moreover, it is applied to determine when a specific income will be chargable either at the time of accrual or at the time of receipt.....
is it correct???
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On 05 February 2021 at 10:48 Report
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Chartered Accountant
24588 Points Joined November 2019
Yes it is correct
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On 05 February 2021 at 18:46
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752 Points Joined March 2014
Thank you for your response🙏
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On 05 February 2021 at 20:22


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