Income Computation and Disclosure Standards (ICDS) are applicable for transactions under the head of income :

CS Executive · Tax Laws and Practice · PYQS · December 2019
Income Computation and Disclosure Standards (ICDS) are applicable for transactions under the head of income :
(A) Salaries
(B) Income from house property
(C) Profits and gains of business or profession
(D) Capital gains

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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