ICDS w.e.f 01st April 2015

04 Apr 2015

CBDT vide its Notification No: 32/2015 dated 31-03-2015 notified 10 Income Computation and Disclosure Standards(ICDS) which is to be followed by all assesses at the time of computation of income chargeable to income tax under the head “Profit and gains of business or profession” or “ Income from other sources”. The effective dates of such ICDSs are 01st April, 2015 and shall accordingly apply to the Assessment Year 2016-17 and subsequent assessment years.

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