Purpose of introducing ICDS is to reconcile difference which will be created between taxpayer practicing IND AS and AS for accounting purpose. This presentation covers ICDS ( ii, v, vi, ix, & x ) with practical challenge which we experience in implementing. This should have better understanding of standards. It is effective for returns of FY 2016-17 under tax audits.
Place of effective management” is defined in the Act to mean a place where key management and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance, made. Effective management – The words Effective Management refer to actual management and not just formal management…
Place of effective management” is defined in the Act to mean a place where key management and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance, made.
