Notification No. 87/2016 [F.No.133/23/2015-TPL] / SO 3079(E)

Section 145 of the Income-tax Act, 1961 - Method of Accounting - Revised Income Computation and Disclosure Standards (ICDS) Notified under section 145(2)

What this is

Notification No. 87/2016 [F.No.133/23/2015-TPL] / SO 3079(E) was published on 29 September 2016. Its subject is Section 145 of the Income-tax Act, 1961 - Method of Accounting - Revised Income Computation and Disclosure Standards (ICDS) Notified under section 145(2).

The instrument itself

The department publishes this one as a scanned document rather than as text, so there is nothing here for us to reproduce. The signed document is on the department’s own site — this file.

← Notification No. 86/2016 [F.No.142/13/2015-TPL] / SO 3075(E) · Notification No. 85 /2016 [F.No.142/13/2015-TPL] / SO 3075(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.