Announcement for students appearing in November 2010 exam

Announcement for students appearing in November 2010 examination Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws] - (05-07-2010)

For students appearing in November 2010 examination, the amendments made by the Finance (No.2) Act, 2009, as applicable for assessment year 2010-11, are relevant. Therefore, the amendments made by the Finance (No.2) Act, 2009 which are not applicable for A.Y.2010-11 would not be relevant for students appearing for November 2010 examination.

Accordingly, the amendments made by the Finance (No.2) Act, 2009 in sections 44AA, 44AB, 44AD, 44AE and 44AF of the Income-tax Act, 1961 would not be applicable for the students appearing for the above-mentioned papers in November 2010 examination, since these amendments are effective only from A.Y.2011-12.

Further, the amendment relating to taxation of investment income of non-life insurance business [Rule 5 of the First Schedule to the Income-tax Act] would also not be applicable, since it is effective only from A.Y.2011-12.

This clarification has also been given in the Supplementary Study Paper – 2009 for the Final Course and the study material on “Direct Tax Laws” for A.Y.2010-11 at the appropriate places where these sections are discussed.

Next Archive

Announcement for students appearing in November 2010 examination Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws] - (05-07-2010)
Announcement for Certified Filing Centre under MCA 21 e-governance Programme - (05-07-2010)
Incentive for candidates filling the CA examination application forms (Nov 2010 Exams) thru Online mode - (05-07-2010)
Announcement for students appearing in November 2010 examination PCC/IPCC [Taxation] - (05-07-2010)
Announcement on Transfer/ Termination of Articleship - (02-07-2010)
Assessment Result of Certificate Course on Forex and Treasury Management held on 16th May, 2010 - (29-06-2010)
Request for Proposal (RFP) Invited for Development and Broadcasting of Talk Shows - (29-06-2010)
Announcement November - 2010 CA Examinations - (29-06-2010)
Notification November - 2010 CA Examinations - (29-06-2010)
IASB Exposure Draft on Fair Value Option for Financial Liabilities (Comments to be received by July 10, 2010) - (28-06-2010)
IASB Exposure Draft on Defined Benefit Plans: proposed amendments to IAS 19 (Comments to be received by July 31, 2010) - (28-06-2010)
IASB Exposure Draft on Presentation of Items of Other Comprehensive Income: proposed amendments to IAS 1 (Comments to be received by August 16, 2010) - (28-06-2010)
Breach of Regulations 65 & 78 – Non submission of Form 112 - (19-06-2010)
Suggestions of members invited on the Revised Discussion Paper on the Direct Taxes Code - (18-06-2010)
Roll Numbers for ISA-Assessment Test June, 2010 - (16-06-2010)
Attention: IPCC / ATC Examinees of May, 2010 term of CA Examination - (11-06-2010)
Denial of contents of news report on multinational accounting/audit firms - (08-06-2010)
ICAI-IFRS Task Force - (08-06-2010)
Constitution & Composition of Building Committees of Regional Councils and Branches - (07-06-2010)
CPT Online - 2010 Announcement - (04-06-2010)