25 March 2016
Applicability of the Finance Act, Assessment Year etc. for May, 2016 examination The provisions of income-tax and indirect tax laws, as amended by the Finance Act, 2015, including circulars and notifications issued up to 31st October, 2015, are applicable for May, 2016 examination. The relevant assessment year for income-tax is A.Y. 2016-17.
Hence, ICDS is applicable for May 2016 examination.