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ASSOCHAM Workshop on
Income Computation and Disclosure Standards (ICDS)

11 May, 2018 , New Delhi

About Event  | Registration Form


Income Computation and Disclosure Standards (ICDS) were made applicable from Assessment Year 2017-18. However, in November 2017, the Delhi High Court in its decision in the case of Chamber of Tax Consultants & Anr Vs. UOI & Ors (400 ITR 178) struck down various ICDS provisions.

 

Thereafter, vide Finance Act 2018, various ICDS provisions were incorporated as into the Income-tax Act, 1961 (the Act), with retrospective effect from AY 2017-18.
 
ASSOCHAM is organizing a workshop on the ICDS which will throw insights on the provisions of ICDS, its interplay with the Act, impact of the aforementioned Delhi High Court ruling and impact of the recent amendments in the Act, as per the following schedule:

DATE, TIME & VENUE

Day & Date
Time
Venue, City
Friday, 
11th May, 2018
10.00 am - 4.30 pm
Hotel The Royal Plaza
19, Ashoka Road, Janpath, Connaught Place 
New Delhi- 110001
 
 TOPICS TO BE DISCUSSED

The following topics would be covered in the ONE day exhaustive Workshop:
Technical Session- I
·         ICDS I: Accounting Policies
·         ICDS II: Valuation of Inventories
·         ICDS III: Construction contracts
Technical Session-II
·         ICDS IV: Revenue recognition
·         ICDS V: Tangible fixed assets
·         ICDS VI: Effects of changes in foreign exchange rates
Technical Session -III
·         ICDS VII: Government Grants
·         ICDS VIII: Securities
·         ICDS IX: Borrowing costs
·         ICDS X: Provisions, Contingent liabilities, Contingent assets 
 
The presentation on each ICDS will cover the following points:
·         Overview of the ICDS provisions
·         Interplay between the ICDS provisions and that of the Income tax Act, 1961
·         Delhi High Court ICDS decision and its impact
·         Finance Act 2018 amendments and impact

SPEAKERS

  • Mr. Parveen Kumar, National Head – Assurance, ASA & Associates LLP
  • Mr. Prateek Agarwal, Partner- Audit & Assurance, Nangia & Co. LLP
  • Mr. Arjun Khandelwal, Director - Corporate and International Tax, PwC

WHO SHOULD ATTEND

The Workshop is targeted at officers dealing in Taxation, Accounts in the corporate world as well as practicing CA, CS, CMA and other related professionals, Trade & Industry, Government, Public Sector Units, Consultancy Organizations, Funding Agencies, Corporate Lawyers, Banks & Other Financial Institutions.
 
PARTICIPATION FEE

The Workshop has immense value for the participants however the fees is kept at Rs. 3,500 per participant (including GST, refreshment & lunch) to meet the cost {10% discount for two or more persons from the same organization}.
 
FOR REGISTRATION(Prior Registration is mandatory)

Kindly fill in the attached registration form and send to us at finance@assocham.com /taxation.assocham@gmail.com  at the earliest.
 
Since the seats are limited therefore shall be made available on first-come-first served basis. You are requested to register yourself and also nominate your colleagues for the same.
 
Kindly forward this mail to others you think can benefit as well and oblige…..