Income Tax - Doubt ??

It is not applicable fore Nov. 2010 exam.

Amendments made upto 6 Months prior to the exam Month are applicable, So amendments effective after April Not applicable.

Regards

SAN

hey SAN, CN u provide the source??

Originally posted by : Amit Gupta
	hey SAN, CN u provide the source??

 https://www.caclubindia.com/forum/files/39_notification_01_05_09__30_04_10.pdf

Thank You

Originally posted by : Amit Gupta
	hey SAN, CN u provide the source??

it is also mentioned in the prospectus issued by the institute,go through it.

HI

Please find attached

Check the attached newsletter inwhich it is stated that "Is there any updation in Perquisites like Motor Car facility, Interest over 9.5 % on RPF and Interest Free Loan for Nov. 2010 examination ? Please if it is so, confirm me. Recently i have seen in Student Journal that Interest on RPF limit for taxable purpose has decresed to 8.5 %. Is it applicable for Nov. 2010 examination.? "

Applicabilty depends upon the FY relating to the assessment year your are writting the exam.

Lets say, for Nov'2010, exam paper question will be framed for FY 2009-2010, so applicable Assessment year is 2010-11.

You have to see the point of time you are writting the exam.

Where as for indirect taxes, the applicabilty is based on the date of notification, generally it wil have immediate effect.