amemndments

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2010 can anyone tell me about changes applicable for NOV,10 exam in DT N IDT

CA Ravi Sisodia

CA Ravi Sisodia (Expert)

14 July 2010 November 2010 examination Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws]

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.

Further, the amendment relating to taxation of investment income of non-life insurance business [Rule 5 of the First Schedule to the Income-tax Act] would also not be applicable, since it is effective only from A.Y.2011-12.

This clarification has also been given in the Supplementary Study Paper – 2009 for the Final Course and the study material on “Direct Tax Laws” for A.Y.2010-11 at the appropriate places where these sections are discussed.

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2010 thank u sir

CA Ravi Sisodia

CA Ravi Sisodia (Expert)

26 July 2010 WELCOME DEAR

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now