Legal Salah Blog ALL YOU NEED TO KNOW ABOUT INCOME COMPUTATION AND DISCLOSURE STANDARDS

The Finance Act, 1995 has empowered the Central Government to notify the Accounting Standards to be followed for computing the income under the head "Profits and Gains of Business or Profession" or "Income from Other Sources". Central Board of Direct Taxes (CBDT) recently notified revised Income computation & Disclosure Standards (ICDS) (I to X) which are applicable [...]The post ALL YOU NEED TO KNOW ABOUT INCOME COMPUTATION AND DISCLOSURE STANDARDS appeared first on LEGAL SALAH BLOG.