ICDS-Income Computation and Disclosure Standards

By |2021-10-27T06:01:57+00:00October 27th, 2021|Categories: Business|Tags: , , , |

Section 145 provides standards for income computation and disclosure standards (ICDS)  by certain entities. It aims to provide uniformity in the accounting policies for disclosing income earned, accumulated, or received during a particular year. The standards are more significant for listed companies as their securities are traded on securities exchanges. These standards have been framed under [...]