Applicability of Latest Finance Act and other changes for Co

D IRECT TAXES

All students may note that for the June 2009 Examination Session in respect of D irect Taxes the applicable Assessment Year shall be 2009-10 (Previous Year 2008-09). Thus, they will have to study Finance Act, 2008 for June 2009 Examination. Further as per the Syllabus (for both Intermediate or Executive Programme and Final or Professional Programme) students are required to update themselves about all the Circulars, Clarifications, Notifications, etc., issued by the CB D T & Central Government, which come into effect on or before six months prior to the date of the respective examinations.

Gift Tax Act has been excluded from the scope of the examination from D ecember 1999 session onwards unless otherwise info rmed.

IN D IRECT TAXES

Students appearing in the ‘Tax Laws’ (Indirect Tax Portion to the extent of topics covered in the syllabus, for both ‘Intermediate’ or ‘Executive Programme’) and D irect and Indirect Taxation— Law and Practice (Final Course) or Advanced Tax Law and Practice (Professional Programme) respectively may take note of the following changes applicable for June 2009 Examination.

1. All changes made by the Finance Act, 2008.

&C / Central Government which became effective six months prior to the date of examination.