Monthly Archives: October 2016

Companies (Incorporation) fourth Amendment Rules 2016

By | October 2, 2016

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of India MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 1st October, 2016 G.S.R. …… (E).—ln exercise of the powers conferred by sub-sections (1) and (2) of section 469 ot- the Companies Act, 2013 (18 of 20’13), the Central Government… Read More »

List of 10 New ICDS Notified by CBDT w.e.f AY 2017-18

By | October 2, 2016

 Income Computation and Disclosure Standards -ICDS w.e.f AY 2017-18 CBDT has vide   Notification No. 87/2016-Income Tax Dated: 29.09.2016 notified following new Income Computation and Disclosure Standards -ICDS- w.e.f AY 2017-18 Sr No ICDS  No ICDS Relating to 1 ICDS-I  Accounting Policies 2 ICDS-II Valuation of Inventories 3 ICDS-III Construction contracts  4 ICDS-IV Revenue Recognition 5 ICDS-V… Read More »

New ICDS-IX Borrowing Costs w.e.f AY 2017-18

By | October 2, 2016

Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard -ICDS-IX relating to borrowing costs Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books of… Read More »

New ICDS-VIII Securities w.e.f AY 2017-18

By | October 2, 2016

Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard -ICDS- VIII relating to securities Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books of… Read More »

New ICDS-VII -Government grants w.e.f AY 2017-18

By | October 2, 2016

Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard -ICDS-VII relating to government grants Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books of… Read More »

New ICDS-VI -Effects of changes in foreign exchange rates w.e.f AY 2017-18

By | October 2, 2016

Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the… Read More »

New ICDS-V-Tangible Fixed Assets w.e.f AY 2017-18

By | October 2, 2016

Source- Notification No. 87/2016-Income Tax Dated: 29.09.2016 Income Computation and Disclosure Standard V relating to tangible fixed assets Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession” or “Income from other sources” and not for the purpose of maintenance of books… Read More »