The fifth edition comprehensively covers notified revised ICDS applicable to all the assessees following mercantile system of accounting and where Income is chargeable under the head “Profits and Gains of Business or Profession” or “Income from Other Sources”. All the provisions of ICDS have been analysed in the book in an exhaustive manner with a practical approach. The practical illustrations provided in Q&A Format in the book are immensely helpful to various stake holders viz professionals, practitioners, corporates, regulators, etc in understanding the complex situations in a lucid manner. The ITR forms and requirements of Tax Audit Reporting for AY 2017-18 have been comprehensively covered. Key features Covers the changes in Income-tax Act proposed by the Finance Bill, 2018 Detailed chapter on proposed ICDS on Real Estate Transactions Complete coverage of notified revised ICDS in Q&A format Practical illustrations on each ICDS Relevant clauses of Form 3CD (Tax Audit Report) referred Relevant clauses of ITRs for AY 2017-18 covered Exhaustive Comparison of revised ICDS with relevant Accounting Standards (AS) and Ind AS For convenience, text of notified revised ICDS and AS covered.