What disclosures are required to be made in respect of provisions for ICDS-X?

Ans. Following disclosures are required to be made in Form 3CD in respect of each class of provision:

(a) A brief description of the nature of the obligation;

(b) The carrying amount at the beginning and end of the previous year;

(c) Additional provisions made during the previous year, including increases to existing provisions;

(d) Amounts used (incurred and charged against the provision) during the previous year;

(e) Unused amounts reversed during the previous year; and

(f) The amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.