Category: Income Tax

CBDT notifies 7 Andhra Pradesh districts for tax incentives u/s 32(1)(iia) and section 32AD  Under the Andhra Pradesh Re-organisation Act, 2014 the Government of India is extending special assistance to four districts of Rayalseema and three districts of North coastal Region of Andhra Pradesh. To further boost the industrial …

Revised ICDS-V Tangible Fixed Assets applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …

IDS-2016 64275 declarations filed Rs 65250 Crore incomes declared in the form of cash and other assets. Numbers likely to go upwards-CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 1st October, 2016. Press Release Sub: Income Declaration Scheme 2016 …

Revised ICDS-X provisions contingent liabilities assets applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …

Revised ICDS-IV Revenue Recognition applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …

Revised ICDS-III Construction Contracts applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided family …

Revised ICDS-II Inventories Valuation applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …

Revised ICDS-I Accounting Policies applicable from FY 2016-17 AY 2017-18  CBDT has notified the revised income computation and disclosure standards (ICDS) 2016 I to X Who is required to follow ICDS? These ICDS are to be followed by all the assessees except: (i) individual or a Hindu undivided …

CBDT notified revised ICDS 2016 applicable from FY 2016-17. ICDS are not applicable to individual/huf not covered under tax audit u/s 44AB Who is required to follow ICDS? These income computation and disclosure standards (ICDS).are to be followed by all the assessees except: (i) individual or a Hindu …

Amendment to Form 3CD Tax Audit report for ICDS adjustments starting from FY 2016-17 AY 2017-18 DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 88/2016 New Delhi, the 29th September, 2016 INCOME-TAX S.O. 3080(E).— In exercise of the powers conferred by section 44AB, read with section …