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GRATUITY - SALARIES - TAX - PCC
Replies (16)
Dear vuelve,
Amendments which comes into force before 6 months from the date of exam are applicable.Thus, the limit of rs 350000 is applicable and rs 10 lakh limit will be applicable for may 11 exam.
Regards,
Kunal Mangal
I agree with Kunal's reply. Also see this link-- https://www.caclubindia.com/forum/pls-help-98955.asp
when i referred tax amended supplimentary, there is no any guideline 4 gratuity,
and faiz is right, because in the maonth of w.e.f may 2010 gratuity limits is extended 2 Rs.10,00,000, but becauses of 6 month ka criteria, so just short of 1 month, so that why this exteded limits is not applicable 2 nov 2010 attempt.
keep sharing,
As answered by others, Rs.350,000 will be applicable for Nov 2010.
as per my knowledge the notification enhancing the maximum limits of Gratuty was issued on 24th May, 2010...
KUNAL MANGAL IS CORRECT
350000 As reffered in RTP back side NOV2010.
Applicability of relevant Amendments/Circulars/Notifications/Regulations etc. relating to
Business and Corporate Laws for November 2010, Examination:
Subject Matter PCC/IPCC –
Business Laws,
Ethics and
Communication
CA Final (New
Course) –
Corporate and
Allied Laws
CA Final (Old
Course) –
Corporate Laws
and Secretarial
Practice
Employees Deposit Linked
Insurance (Amendment)
Scheme, 2010
Not Applicable – –
The Payment of Gratuity
(Amendment) Act, 2010
Not Applicable – –
Companies Bill, 2009 Not Applicable Not applicable Not applicable
Company Law Settlement
Scheme, 2010
– Not Applicable Not Applicable
Easy Exit Scheme, 2010 – Not Applicable Not Applicable
Provisions relating to
Revival and Rehabilitation
of Sick -Industrial
Companies
– Not applicable
[Students have
been advised to
study only
definitions as
covered under
Paragraph 8.0 of
chapter 8 of the
study material]
Not prescribed
in syllabus – Not
applicable
Companies (Second
Amendment) Act, 2002
[relating to Winding Up]
– Not applicable
[Students have
been advised to
study only the
general provisions
of winding up as
Not applicable
[Students have
been advised to
study only the
general
provisions of
covered under
Paragraph 9.4 of
chapter 9 of the
study material]
winding up as
covered under
Paragraph 4.0 of
chapter 4 of the
study material]
SEBI (Issue of Capital and
Disclosure Requirements)
Regulations, 2009
– Applicable
(Amendments upto
April 2010)
Applicable
(Amendments
upto April 2010)
SEBI (Disclosure and
Investor Protection)
Guidelines, 2000 (now
rescinded)
– Not applicable
from May 2010
examination
Not applicable
from May 2010
examination
FEMA, 1999
Circular No. 50 of A.P. (DIR
Series)/Circular No. 7 of
A.P. (FL Series) relating to
release of Foreign
Exchange for Visits Abroad
as covered under FEMA
1999- Currency Component
(Increased to $3000 from
$2000)
– Not applicable Not applicable
Competition (Amendment)
Act, 2009
– Applicable (Since
from May 2010
examination)
Applicable (Since
from May 2010
examination)
Prevention of Money -
Laundering (Amendment)
Act, 2009
– Applicable (Since
from May 2010
examination)
Not prescribed
in syllabus – Not
applicable
| Originally posted by : kunal mangal | ||
 |
Dear vuelve, Amendments which comes into force before 6 months from the date of exam are applicable.Thus, the limit of rs 350000 is applicable and rs 10 lakh limit will be applicable for may 11 exam. Regards, Kunal Mangal |
 |
Correct............
limit of Rs. 350000 is applicable ...
hey....
u take Rs.350000 for nov Exam bcs the 6 months applicability period ........and give the new ammendment by way of note that will be better.........
limit of Rs. 350000 is applicable for nov 2010...and limit of RS.1000000 WILL be applicable for may 2010
350000...for nov2010 examination.,
| Originally posted by : Lavin Mathew | ||
|
|
hey.... u take Rs.350000 for nov Exam bcs the 6 months applicability period ........and give the new ammendment by way of note that will be better......... |
|
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