Amendments applicable for CA Intermediate - Paper 4 - Income tax for AY 2020-21

Aditi Bhardwaj | Last updated: 01 September 2020

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This article outlines the significant amendments to CA Intermediate Paper 4 - Income Tax applicable for the Assessment Year 2020-21, crucial for the May and November 2020 examinations. It covers changes in rebate under Section 87A, surcharge rates, standard deduction, gratuity exemption, and taxation of house property. Additionally, it details amendments in depreciation rates, the scope of Section 43B, capital gains deductions, and exemptions for interest income from IFSC units. Updates on deductions for NPS, interest on home loans and electric vehicles, and changes in TDS/TCS provisions are also provided.

Paper 4 - Taxation (CA Intermediate) Relevant amendments applicable for AY 2020-21 Below are the amendments which are applicable for the May 2020 and the Nov 2020 exams. While studying this, please refer to the new study material (for AY 2020-21) available at this link https://icai.org/post.html?post_id=15923. It is recommended to not use the old material (for AY 2019-20) as the answers and the application of the amendments will differ. The specific amendments at places are mentioned

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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About the Author

Aditi Bhardwaj

Practising Chartered Accountant & Mentor for CA students

Aditi Bhardwaj is a practicing Chartered Accountant in Bangalore and has been practising in the areas ofcorporate taxation, corporate laws, compliance, litigation and GST advisory services.She is also the founder of Superrad Academy, a popular and success driven institute for coaching CA students in Bangalore. She pers ... Read more

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