B.com (h) may 2012 exams

Ayush (Student) (42 Points)

22 April 2012  

I am B.com(H) student of SOL. I am having my 3rd year exam this may 2012.

I am in a trouble as i don't know the slab rates (FInance Act) applicable for Corporate Tax Procedure and Business Tax Procedure paper.

Some of my friends tell me that in b.com, 1 year old slab rate will apply while some says the following:

In Business Tax Procedure we follow the same as we follow in C.A. paper

IN Corporate Tax Procedure 1 year late

i.e.  if we study Finance Act 2011 in C.A. for May 2012 attempt then for Business Tax Procedure paper Finance Act 2011 and for Corporate Tax Procedure Finance Act 2010.

 

This is not a problem for a single student rather many are facing this common issue. If anyone has confirmed answer to the above problem kindly reply....

 

Thanks