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Download Standard Handbook on Income Computation and Disclosure

This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head "Profits and gains of business or profession" or "Income from other sources" and not for the purpose of maintenance of books of accounts.

In the case of conflict between the provisions of the Income]tax Act, 1961 "the Act" and this Income Computation and Disclosure Standard, the provisions of the Act shall prevail to that extent.


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