Since ICDS is not applicable for the purposes of maintenance of books of account, then what is the purpose and ambit of ICDS I on Accounting Policies as accounting policies are applied for maintenance of books of accounts and preparing financial statements.

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..... of books of accounts and preparing financial statements.
ICDS I : Accounting Policies Income computation and disclosure standards
Income Tax
Manuals
Dated:- 21-8-2017
Manual - ICDS I : .....

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..... term "accounting policies" in ICDS I should be read as "computation policies". This would make the provisions of ICDS I relating to substance over form and non-recognition of mark-to-market losses, a .....

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