Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2024 Examination Intermediate Level
Paper 2: Corporate and Other Laws
The provisions of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008 along with significant Rules / Notifications / Circulars / Clarification / Orders issued by the Ministry of Corporate Affairs, and the laws covered under Part II: Other Laws, as amended by concerned authority, including significant notifications and circulars issued up to 31.10.2023 are applicable for May 2024 examination.
The Study Material has to be read along with the 'Relevant Legislative amendments for May 2024 examinations' for the period of 1.5.2023 to 31.10.2023.
Paper 3: Taxation
Section A: Income-tax Law
The provisions of income-tax law, as amended by the Finance Act, 2023, including significant circulars, notifications, press releases issued and legislative amendments made upto 31.10.2023, are applicable for May, 2024 examination. The relevant assessment year for income-tax is A.Y. 2024-25.
Applicability of Standards / Guidance Notes / Legislative Amendments etc. for May, 2024 Examination
Final Course
(I) List of topic-wise exclusions from the syllabus
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(1) |
(2) |
(3) |
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S. No. in the syllabus |
Topics of the syllabus |
Exclusions |
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3. |
Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements (iv) Ind AS on Assets and Liabilities of the Financial Statements (vii) Other Ind AS |
Indian Accounting Standard (Ind AS) 16 ‘Property, Plant and Equipment’
Indian Accounting Standard (Ind AS) 37 ‘Provisions, Contingent Liabilities and Contingent Assets’
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Financial Reporting in Hyperinflationary Economies
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