Income Computataion and Disclosure Standards

The Income Tax Department has issued Draft Note of ICDS open to Public / users to put comments.These are availbale on Income Tax web site- www.incometaxindia.gov.in

1.Accounting Policies
2.Valuation of Inventories
3.Construction Contracts
4.Revenue Recognition
5.Tangible Fixed Assets
6.The Effects of Changes in Foreign Exchange Rates ( TAS )
7.Government Grants
8.Securities ( TAS )
9.Borrowing Costs ( TAS )
10.Leases ( TAS )
11.Intangible Assets
12.Provisions, Contingent Liabilities and Contingent Assets