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ICDS III ( Income Computation and Disclosure Standard -III ) Construction Contracts Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profits and gains of business or profession...

INTRODUCTION Background Section-145(2) of Income tax Act, 1961 empowers Central Government to issue Income Computation and Disclosure Standards (ICDS). Key Features of ICDS 1. Effective Date of ICDS is 01stApril, 2015e. AY: 2016-17 onwards. 2. ICDS...

South Florida’s condo market is booming, thanks in large part to cash-rich buyers who are willing and able to pay pricey deposits prior to and during construction. These deposits on long-term construction contracts present property developers with significant...

Recognition of Contract Revenue and Expenses : When the outcome of a construction contract can be estimated reliably, contract revenue and contract costs associated with the construction contract should be […]

CA IPCC Syllabus for May 2016 Exams In previous post we have given Download CA IPCC Question Papers & Suggested Answers from May 2010 – May 2013, CA CPT Registration Last Date for June 2016 and CA CPT Notes / Study Material PDF Free Download – All...