CA IPCC Direct Tax Amendments for May 2018
There are some changes in CA IPCC Direct Tax for May 2018 examinations, so today we are providing CA IPCC Direct Tax Amendments for May 2018 in PDF format. This amendments are for both New and Old Syllabus students.
Here I am sharing you the announcement link which was announced by ICAI on 28/9/2017 which is applicable for May 2018 and Nov 2018 both students for paper 4 Taxation.
Here is the link below :-
Applicability of the Finance Act, Assessment Year etc. for May 2018 and Nov 2018 examination
The provisions of income-tax and indirect tax laws, as amended by the Finance Act, 2016, including circulars and notifications issued and other legislative amendments made upto 30th April, 2018, are applicable for November, 2018 examination. The relevant assessment year for income-tax is A.Y. 2018-19.
Tax Amendments for May 2018 and Nov 2018
The PDF file which I am sharing with you includes CA IPCC Direct Tax Amendments for May 2018 and will be applicable for CA IPCC Direct Tax Amendments for Nov 2018 also.
Students of IIPCC, appearing in May 2018 and November 2018 examinations, may note that the new Study Material for Intermediate Paper 4: Taxation under the Revised Scheme of Education and Training is relevant for IPCC Paper 4: Taxation as well, with the exception of the following topics in Section A: Income-tax Law discussed under the following headings –
– “8. Tax Collection at Source – Basic Concept [Section 206C]” in pages 9.60 to 9.65 in Chapter 9
– “19. Self-Assessment” in page 10.28 in Chapter 10
Consequently, the summary of the above two topics forming part of “Let us recapitulate” at the end of these chapters is also not relevant for IPCC Paper 4: Taxation.
It may be noted that the content of Section A of the Study Material is based on the income-tax law as amended by the Finance Act, 2017. The relevant assessment year is A.Y.2018-19. The Study Guidelines, containing the list of topic-wise exclusions from the syllabus of New Intermediate Course Paper 4: Taxation, Section A: Income-tax law, given in pages ix – xix forming part of the initial pages of Module 1 of the Study Material, is applicable for IPCC Paper 4: Taxation Section A Income-tax, also. In effect, the provisions/sections given in the Study Guidelines will be excluded from the syllabus of IPCC Paper 4 Taxation, as well.
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