Tag: Method of Accounting

Income Tax

CBDT FAQ Deep-Dive #10: ICDS and Method of Accounting Under Sections 276 and 277 of the Income-tax Act 2025

CA Adityavikram Banka

Section 145 becomes Section 276 and Section 145A becomes Section 277 under the Income-tax Act 2025 from 1 April 2026. How ICDS, method of accounting and inventory valuation carry forward into FY 2026-27, with a Form 3CD action checklist and FAQ.