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 | Tangible Fixed Assets |
| 6 | ICDS-VI | Effects of changes in foreign exchange rates |
| 7 | ICDS-VII | Government grants |
| 8 | ICDS-VIII | Securities |
| 9 | ICDS-IX | Borrowing Costs |
| 10 | ICDS- X | Provisions, contingent liabilities and contingent assets |