Contents: Division I: Financial Reporting Framework and  ICDS: 1. Financial Reporting Framework — An Introduction. 2. Income Computation and Disclosure Standards — An Introduction. 3. Rationalisation of Provisions of Section 115JB in line with Indian Accounting Standard (Ind-AS). Division II: Income Computation and Disclosure Standards: 1. Income Computation and Disclosure Standards. 2. Form 3CD Clause by Clause Analysis. DIVISION III. 1. Income Computation and Disclosure Standards vis-à-vis Judicial Precedents.2. Schedule ICDS as appearing in Forms ITR 4, 5 and 6 and Form 3CD (Revised). 3. ICDS (Revised) v AS. 4. ICDS (Revised) v Ind AS. Appendices.