B.COM F.C.A
112 Points
Joined December 2009
IF ANY OF UR FRND HAVE V K SINGHANIYA BOOK THAN U CAN CLEARLY FIND IT. BUT IN OPINION THE MAJOR CHANGES WHICH ARE APPLICABLE FOR NOV-10 ARE AS FOLOWS:
1- INSERTION OF SEC35AD IN B&P HEAD.
2- CHANGES IN EXEMPTION LIMIT OF GIFT UNDER "INCOME FRM OTHER SOURCES HEAD"
3- BASIC LIMIT FOR PAYMENT OF ADVANCE TAX IS INCREASED TO RS.10000/-.
4-ONLY FLATE RATE IN TDS ELIMINATING SURCHARGE AND ED AND CHANGES IN SOME BASIC RATE OF TDS
5-EXEMPTION U/S 10A, 10BA AVAILABLE TILL A:Y-2012-2013
6- INTRODUCATION OF ELECTROL FUND UNDER THE HEAD "INCOME EXEMPT FROM TAX"
SO IN MY KNOWLEDGE ONLY ABOVE CHANGES WERE MADE BY FINANCE ACT,2009 WHICH ARE APPLICABLE FOR BOTH THE MAY-10 AND NOV.10 EXAM