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all sa applicable for nov. 10 (BY ICAI)

robin (article assistance) (107 Points)

01 November 2010

HELLO FRIENDS

There has been a whole lot of confusion regarding the applicability of various Auditing standards for PCC/IPCC and Law
ICAI has now compiled a list of Aplicable Standards which can be downloaded from here
https://www.icai.org/post.html?post_id=6525&c_id=121

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3 Replies

robin (article assistance) (107 Points)
Replied 01 November 2010

one more inmportant announcment

Announcement for students appearing in November 2010 examination PCC/IPCC [Taxation] - (05-07-2010)

For students appearing in November 2010 examination, the amendments made by the Finance (No.2) Act, 2009, as applicable for assessment year 2010-11 are relevant. Therefore, the amendments made by the Finance (No.2) Act, 2009 which are not applicable for A.Y.2010-11 would not be relevant for students appearing for November 2010 examination.

Accordingly, the amendments made by the Finance (No.2) Act, 2009 in sections 44AA, 44AB, 44AD, 44AE and 44AF of the Income-tax Act, 1961 would not be applicable for the students appearing for the above-mentioned papers in November 2010 examination, since these amendments are effective only from A.Y.2011-12.

This clarification has also been given in the Supplementary Study Paper – 2009 for PCC/IPCC and the study material on “Taxation” for A.Y.2010-11 at the appropriate places where these sections are discussed.

Ajay Mishra (Company Secretary) (74332 Points)
Replied 02 November 2010

Dear Robin

The Institute has categories the Acounting Standard appliable for Final student and IPCC & PCC which will be apply for Nov, 2010 exam.

Regards

Ajay Mishra (Company Secretary) (74332 Points)
Replied 02 November 2010

Dear Robin

Therefore, the amendments made by the Finance (No.2) Act, 2009 which are not applicable for A.Y.2010-11 would not be relevant for students appearing for November 2010 examination.
Accordingly, the amendments made by the Finance (No.2) Act, 2009 in sections 44AA, 44AB, 44AD, 44AE and 44AF of the Income-tax Act, 1961 would not be applicable for the students appearing for the above-mentioned papers in November 2010 examination, since these amendments are effective only from A.Y.2011-12.

The amendment made by Finance (No.2) Act, 2009 will not apply for Nov, 2010 Exam.

Regards