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CA FINAL

CA Rajesh Prajapati (Practice) (202 Points)

11 May 2011

IS FINANCE ACT 2011 IS APPLICABLE FOR CA FINAL NOVEMBER 2011 EXAMS....

PLEASE CLARIFY.........

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Sriram (CA FINAL) (126 Points)
Replied 11 May 2011

@ Rajesh : No its not applicable.... But please go through the Notifications/Circulars & Case Laws publised till 30.04.2011 which is applicable... These will be updated in ICAI web site latest by July end....

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Suresh Prasad (www.aubsp.com) (15630 Points)
Replied 11 May 2011

The study material for Paper 7: Direct Tax Laws (A.Y. 2011-12), as amended by the Finance Act, 2010 (relevant for A.Y. 2011-12) and significant notifications/ circulars/other legislations up to 30.4.2010.

Final Course - Supplementary Study Paper – 2010, which contains the amendments made by the Finance Act, 2010 (relevant for A.Y. 2011-12) and significant notifications/circulars issued between 1.5.2009 and 30.4.2010 [Portions relating to Direct Tax Laws].

Significant legal decisions relating to direct tax laws hosted a t the BOS knowledge portal on the website of the Institute www.icai.org.

The significant amendments made by circulars/notifications issued between 1.5. 2010 and 31.10.2010 would be hosted on the website of the Institut e www.icai.org and would also be given in the Revision Test Paper (RTP) for May, 2011 examination.

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CA Sumit Arora (CA) (1411 Points)
Replied 11 May 2011

Mr. Rajesh

ICAI will cover the topics upto 30th April 2011 i.e 6 months before exams, as per this information Finance Act, 2011 will be applicable because Finance Act, 2011 was passed on 8th of April, 2011, provided that you will have to wait until any notification will be issued by ICAI in this regard.