Ipcc syllabus

No ammend in service tax ????/

No changes in Accounts

All the best do well !!!

Yes there are changes in IT of ipcc group 2 n additions in taxation part of ipcc group 1 also may be due to implementation of new company act may bring some changes in law of group 1 and audit of group 2 of ipcc. In group 1 accounting hire purchase has reduced and in group 2 account electricity chapter has changed.

what else has been changed in income tax apart from sec 87A being introduced?...are there changes in capital gains and pgbp??

Rebate shall be given to the residents (normal) u/s 87A, resident should be a taxpayer in 10% slab and his total income should not exceed 500000. Rebate shall be equal to the amount of income tax payable on the total income for any assessment year or an amount of 2000 whichever is less. Consequently, any individual having total income upto 220000 will not be required to pay any tax. Further, every individual having total income above 220000 but not exceeding 500000 shall get a tax relief of 2000. In effect, the rebate would be the tax payable or 2000 which is less. Further the aggregate amount of rebate under section 87A shall not exceed the amount of income tax (as computed before allowing such rebate) on the total income of assessed with which he is chargeable for any assessment year. Primary EC and SHEC shall be applied only after permitting rebate u/s 87A Rebate shall be allowed even from tax on LTCG or STCG u/s 111A or casual income.