Relevant finance act for december 2011 examination

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ATTENTION STUDENTS!

Applicability of the latest Finance Act and other changes

for

Company Secretaries December, 2011 Examination.

DIRECT TAXES

All students may note that for the December 2011 Examination Session in respect of Direct Taxes the applicable Assessment Year shall be 2011-12 (Previous Year 2010-11). Thus, they will have to study Finance Act, 2010 for December 2011 Examination. Further as per the Syllabus, (of Executive Programme and Professional Programme) students are required to update themselves about all the Circulars, Clarifications, Notifications, etc., issued by the CBDT & Central Government, which come into effect on or before six months prior to the date of the respective examinations.

Gift Tax Act has been excluded from the scope of the examination from June 1999 session onwards unless otherwise informed.

INDIRECT TAXES

Students appearing in the ‘Tax Laws’ (Indirect Tax Portion to the extent of topics covered in the syllabus, of ‘Executive Programme’) and Advanced Tax Laws and Practice (Professional Programme) respectively may take note of the following changes applicable for December 2011 Examination.

1. All changes made by the Finance Act, 2011.

2. All Circulars, Clarifications/Notifications issued by CBEC / Central Government which became effective six months prior to the date of examination.

Replies (1)

In the above notification of ICSI, it is clarified that for Direct taxes finance act 2010 & for Indirect Taxes finance act 2011 is applicable.

Can anybody explain me, why so?

 

Do we have to study both the f.act?


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