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The Central Board of Direct taxes has recently released a Discussion paper on Tax Accounting Standards (TAS) for comments/suggestions by all stakeholders. The Direct Taxes Committee of ICAI is in the process of considering the inputs to be given to CBDT with regard to the same.

Suggestions/comments are invited on the Tax Accounting Standards. The same may be sent at preferably by 3rd November, 2011. The said discussion paper on Tax Accounting Standards may be downloaded from the link below:

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