Income Computation and Disclosure Standards-Sixth Edition

The sixth edition comprehensively covers notified revised ICDS applicable to all the
assessees following mercantile system of accounting and where Income is chargeable
under the head “Profits and Gains of Business or Profession” or “Income from Other
Sources”.
All the provisions of ICDS have been analysed in the book in an exhaustive manner with
a practical approach. The practical illustrations provided in Q&A Format in the book are
immensely helpful to various stake holders viz professionals, practitioners, corporates,
regulators, etc in understanding the complex situations in a lucid manner.
The requirements of ITR forms and Tax Audit Reporting have been comprehensively
covered.

Key Features

Covers the changes in Income-tax Act by the Finance Act, 2018
Detailed chapter on proposed ICDS on Real Estate Transactions
Complete coverage of notified revised ICDS in Q&A format
Practical illustrations on each ICDS
Relevant clauses of Form 3CD (Tax Audit Report) referred
Relevant clauses of ITRs for AY 2018-19 covered
Exhaustive Comparison of revised ICDS with relevant Accounting Standards (AS) and
Ind AS
For convenience, text of notified revised ICDS and AS covered