CBDT issues clarifications on 25 issues w.r.t. ICDS

Mar 23,2017

CBDT clarifies vexed issues in ICDS computation, issues 25 clarifications; CBDT clarifies that ICDS shall prevail over judicial precedents from AY 2017-18 onwards; ICDS-1 principles relating to MTM losses shall also apply to MTM gains; Retention amount being part of overall contract, shall be recognized as revenue; ICDS to also apply to IND-AS companies, tax...

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