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DTC Applicable For May 2011 Exam ?

CA Parth Jain (CA) (185 Points)

27 August 2010

Hi friends.

DTC has been approved by cabinate on 26th aug 2010 and may be pass in parliament on 30th aug.can ny 1 tell me - will it b applicable for may 2011 CA Final Exam or not ? as it will applicable from april 2011.

I am going to join classes for Direct Tax,should i wait or join ?

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11 Replies

MAVERICK (MAVERICK!) (80 Points)
Replied 27 August 2010

r yu kidding no way fr may-11 we r unaware bout nov-11??????

Devi Kala (Chartered Accountant) (359 Points)
Replied 27 August 2010

It will be applicable from May 2012 Exam onwards...

Arvind Sharma (ACA) (1432 Points)
Replied 27 August 2010

This has to be clarified by the Institute..., there may be chance that Institute may ask about DTC in may 2011 Exam.., or may not be...

Most probable, the chances are nil for coming about it in May or Nov 2011...

Ask at Institute helpline.....

CA Parth Jain (CA) (185 Points)
Replied 27 August 2010

Originally posted by : Devi Kala
	It will be applicable from May 2012 Exam onwards...

Thanks Devi

shithil nath (CA) (59 Points)
Replied 27 August 2010

Will be appliable from May 2012.... Agrees with Devi

Rajesh (Student) (113 Points)
Replied 27 August 2010

The financial year has already started and even the 1st quarter is complete. There is no possibility that the DTC is implemented for our exam as the Govt specifies what is applicable for the financial months before the said financial starts and not in between. Hope this clarifies your situation

Cheers.

CA-CWA RAVI (CA-CWA in industry) (5464 Points)
Replied 27 August 2010

please dont spread the rumours and understand the process first

the DTC is just passed in cabinet

now it will be accepted in parliament

then The Finance minister will present it along with the finance bill 2011

then around july 2011 it will be passed

now when it will be passed the next year may 2012 it shall be applicalbe

mere passing the DTC in cabinet and Parliament does not mean it is applicable in the indian context of taxation

it will when will be officially brought by FM in official gazette along with the Finance bill 2011

3 Like

Prasad R (CA Final) (2128 Points)
Replied 27 August 2010

Well explained Ravi .i agree with him.

CA Chirag Haraniya (Chartered Accountant) (902 Points)
Replied 27 August 2010

Originally posted by : RAVI KHANAL
	please dont spread the rumours and understand the process first the DTC is just passed in cabinet now it will be accepted in parliament then The Finance minister will present it along with the finance bill 2011 then around july 2011 it will be passed now when it will be passed the next year may 2012 it shall be applicalbe mere passing the DTC in cabinet and Parliament does not mean it is applicable in the indian context of taxation it will when will be officially brought by FM in official gazette along with the Finance bill 2011