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Income Computation and Disclosure Standards (ICDS) to be followed from A.Y. 2017-18!

Updated on: 08 Aug, 2023 03:14 PM

As per the notification issued by CBDT on 29th September 2016, all assessees are required to comply with Income Computation and Disclosure Standards (ICDS) from A.Y. 2017-18. An exemption has been provided to Individual and HUF not coming under the purview of audit under section 44 AB.

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.