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    Question

    In the context of ICDS V, which category of assets does this standard specifically address?

    A Intangible Fixed Assets Correct Answer Incorrect Answer
    B Current Assets Correct Answer Incorrect Answer
    C Tangible Fixed Assets Correct Answer Incorrect Answer
    D Financial Assets Correct Answer Incorrect Answer

    Solution

    The Income Computation and Disclosure Standard V is a set of accounting standards issued by the Central Board of Direct Taxes (CBDT) in India. These standards aim to provide a consistent and uniform framework for the computation of income and the disclosure of income-related information for tax purposes. ICDS V specifically deals with "Tangible Fixed Assets."

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