02 / Aug 2016
2016
CBDT defers the applicability of Income Computation and Disclosure Standards to AY 2017-18
The Central Board of Direct taxes has issued a press release dated 6 July 2016 stating that the Income Computation and Disclosure Standards shall be applicable from Financial Year 2016-17 (i.e. Assessment Year 2017-18).
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CBDT defers the applicability of Income Computation & Disclosure Standards to AY 2017-18