Applicability
This query is : Resolved
22 December 2013
hi i am bishal doing ca final. i want to know from when direct tax code will be applicable in india? and it is applicable for may 2015 final examnation?
CA PARAS BAFNA
(Expert)
22 December 2013
Mr Bishal,
.
Direct Tax code has not yet been finalised.
Keep watch till the month of Feb 2014. The Govt is worried by its own deeds.Meantime, you should continue your preparation on the basis of Income Tax Act.
.
.
Direct Tax code has not yet been finalised.
Keep watch till the month of Feb 2014. The Govt is worried by its own deeds.Meantime, you should continue your preparation on the basis of Income Tax Act.
.
Nikhil Kaushik
(Expert)
22 December 2013
very little possibility. However, things can change rapidly post May 2014 elections. So DTC may get Parliament node when new govt comes in. Nevertheless, ICAI rarely incorporate a new act in the course immediately if there are significant changes involved. So May 15 may still end up getting reprieve from DTC.
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