28 July 2016
Yes it is applicable and you can refer to RTP for changes applicable once released. Paper 4: Taxation Applicability of the Finance Act, Assessment Year etc. for November, 2016 examination The provisions of income-tax and indirect tax laws, as amended by the Finance Act, 2015, including circulars and notifications issued upto 30th April, 2016, are applicable for November, 2016 examination. The relevant assessment year for income-tax is A.Y. 2016-17.