Description
Bharat Law House Pvt Ltd Income Computation & Disclosure Standards Including Corresponding Reporting Requirements In Form 3Cd Under The Income Tax Act 1961 by Kamal Garg
Table of Contents:
Division I Financial Reporting Framework & ICDS
Chapter 1 Financial Reporting Framework — An Introduction
Chapter 2 Income Computation and Disclosure Standards — An Introduction
Chapter 3 Rationalisation of Provisions of Section 115JB in line with Indian Accounting Standard (Ind-AS)
Division II Income Computation & Disclosure Standards
Chapter 1 Income Computation & Disclosure Standards
Income Computation and Disclosure Standard I relating to accounting policies
Income Computation and Disclosure Standard II relating to valuation of inventories
Income Computation and Disclosure Standard III relating to construction contracts
D.Income Computation and Disclosure Standard IV relating to revenue recognition
Income Computation and Disclosure Standard V relating to tangible fixed assets
Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates
Income Computation and Disclosure Standard VII relating to government grants
Income Computation and Disclosure Standard VIII relating to securities
Income Computation and Disclosure Standard IX relating to borrowing costs
Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets
Chapter 2 Form 3CD Clause by Clause Analysis
Division III
Chapter 1 Income Computation and Disclosure Standards vis-à-vis Judicial Precedents
Chapter 2 Schedule ICDS as appearing in Forms ITR 4, 5 and 6 and Form 3CD (Revised)
Chapter 3 ICDS (Revised) v AS
Chapter 4 ICDS (Revised) v Ind AS
Appendix 1 Tests for Distinction between Shares held as Stock-in-Trade and Shares held as Investment
Appendix 2 Chargeable as — Distinction between Shares held as Stock-in-Trade and Shares held as Investments — Tests for such a Distinction
Appendix 3 Issue of Taxability of Surplus on Sale of Shares and Securities — Capital Gains or Business Income — Instructions in Order to Reduce Litigation
Appendix 4 Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961
About the Author:
CA Kamal Garg [B. Com (H), FCA, DISA (ICAI)] is a Fellow Member of The Institute of Chartered Accountants of India (ICAI) and a First Class Commerce Baccalaureate from Deen Dayal Upadhyaya College, University of Delhi. He is also the member of Board of Studies (BOS) Study Material Research Group of NIRC of ICAI and a special invitee member of Accounting Standards Board (ASB) of ICAI. He has also been acknowleged by BOS of ICAI for his efforts for reviewing Advanced Auditing Study Material for CA Final Course of ICAI.Besides being a regular guest speaker for IFRS and Management Development Programmes at IBC & PKG, Mumbai, ICAI, ICSI, Direct Taxes Regional Training Institute (North-West Region) for Income Tax Inspectors training programme, he is also an author of over dozens of book(s) including Guide to Tax Audit u/s 44AB Foreign Direct Investments in India IFRS Concepts and Applications Accounting Standards and IFRS Auditor Practice Manual Handbook on Company s Balance Sheet and Profit & Loss Account under Revised Schedule VI and XBRL Handbook on Internal Auditing?, Consolidated Financial Statements Interim Financial Reporting Understanding Goods and Service Tax (GST) Professional Approach to Advanced Auditing for CA (Final) studies and Systematic Approach to Auditing for CA (PCC) studies published by Bharat Law House Private Limited.
He possesses a rich industry experience in the areas of Corporate Laws (like Companies Act, FEMA, Taxation, Foreign Collaborations, Joint Ventures, etc.), Audits and Management Consultancy