This book explains every provision of Income Computation & Disclosure Standards (ICDS) in light of the Relevant Legal Provisions along with the following:

Case Laws
CBDT Circulars
ICAI's Views
Case Studies
Illustrations
The Present Publication is the 5th Edition, authored by CA Srinivasan Anand G. The law stated in this book is amended by the Finance Act 2022, with the following noteworthy features:

[Applicability of ICDS] including scope exclusions, have been explained in detail
[Application Guide for ICDS] is given in this book
[ICDS vs AS/Ind AS] This book covers the differences between the requirements of every ICDS and corresponding AS/Ind AS
[Tax Audit Report in Form 3CD] impacted by ICDS has also been discussed
[ICDS-wise Alphabetical Table of Cases] is given at the start of the book
[Alphabetical Reckoner to ICDSs] are provided for ease of reference
The detailed content of the book is as follows:

ICDS – I (Revised) – Accounting Policies
ICDS – II (Revised) – Valuation of Inventories
ICDS – III (Revised) – Construction Contracts
ICDS – IV (Revised) – Revenue Recognition
ICDS – V (Revised) – Tangible Fixed Assets
ICDS – VI (Revised) – The effects of changes in foreign exchange rates
ICDS – VII (Revised) – Government Grants
ICDS – VIII (Revised) – Securities
ICDS – IX (Revised) – Borrowing Costs
ICDS – X (Revised) – Provisions, Contingent Liabilities and Contingent Assets