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nikunj | Last updated: 26 August 2007

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This announcement is for students pursuing a Company Secretary (CS) course, specifically regarding the June 2006 examinations. For Direct Taxes, the applicable Assessment Year is 2006-07, requiring study of the Finance Act, 2005. Students must also be aware of all relevant CBDT and Central Government circulars and notifications effective six months before the exam. The Gift Tax Act is excluded from the syllabus unless otherwise stated. For Indirect Taxes, changes from the Finance Act, 2005, and all effective circulars/notifications six months prior to the exam are applicable.

ATTENTION STUDENTS PURSUING C.S. COURSE

Applicability of Latest Finance Act and other changes for Company Secretary June 2006 Examination.

Direct Taxes

All the students may kindly note that for the June 2006 Examination session, in respect of Direct Taxes, the applicable Assessment Year shall be 2006-07 (Previous year 2005-06).

Thus, they will have to study Finance Act, 2005 for June 2006 examination. Further, as per the syllabus, students are required to update themselves about all the Circulars, Clarifications, Notifications issued by CBDT & Central Government, which come in to effect on or before 6 months prior to the date of the respective Examination.

Gift Tax Act has been excluded from the scope of examination from June 1999 session onwards unless otherwise informed.

Indirect Taxes

Students appearing in the ‘Tax Laws’ (Indirect Tax portion to the extent of topics covered in the syllabus) and ‘Direct and Indirect Taxation-Law and Practice’ (Indirect tax portion) paper of the Intermediate and Final Courses respectively may please take note of the following changes applicable for June 2006 Examination:

1. All changes made by the Finance Act, 2005.

2. All Circulars, Clarifications/Notifications issued by CBE&C/ Central Government which became effective six months prior to the date of examination.

FAQ :

For the June 2006 examination session, the applicable Assessment Year for Direct Taxes is 2006-07, meaning students must study the Finance Act, 2005.

For the June 2006 examinations, all changes made by the Finance Act, 2005, and all circulars, clarifications, or notifications from CBE&C/Central Government that became effective six months prior to the examination date are applicable.

Yes, the Gift Tax Act has been excluded from the scope of examination from the June 1999 session onwards, unless otherwise informed.

Students are required to update themselves about all Circulars, Clarifications, and Notifications issued by CBDT & Central Government, which come into effect on or before 6 months prior to the date of the respective Examination.