31 August 2009
With regard to CA Fianl Exams, Nov-2010, FBT may not be applicable, as Finance Act(no.2) 2009, has abolished it. But notification / announcement yet to come from the ICAI. In respect of GST the ICAI will notify it as a change in the IDT Laws Syllabus, later. Finally in respect of IFRS a they will come in to effect from Apr,2011 , they mwy not be applicable for you.
04 October 2009
IN MY OPINION : 1. FBT IS ABOLISHED & NOT APPLICABLE TO UR NOV EXAMS 2 GST (GOODS & SERVICE TAX ) IS ALSO NOT APPLICABLE , SINCE ITS APPLICATION IS NOT YET CONFIRMED 3 IFRS , MAY BE APPLICABLE , WHICH MAY BE APPLICABLE PARTIALLY , LIKE DIFFERENCES BETWEEN GAAPS & IFRS
08 October 2009
Almost agree with the opinion of CA CN Patil. regarding IFRS: IFRS will also not be applicable but most of the Indian GAAP will change according to IFRS in between and you should keep pace with them.
CAclubindia
