Corrigendum in study material and pm of ipcc taxation

Sathish M (Management Accountant) (40581 Points)

17 February 2016

Intermediate (IPC) Course

1. Study Material of Part II: Indirect Taxes of Paper 4: Taxation [September, 2015 Edition

relevant for May, 2016 and November, 2016 Examinations] – Printed copy

In Chapter 6, pg. no. 6.27, sub-point (3) of table given under heading C., the fi gure “0.07” be

read as “0.014”.

2. Practice Manual of Part II: Indirect Taxes of Paper 4: Taxation [September, 2015

Edition relevant for May, 2016 and November, 2016 Examinations] – Printed copy

In Unit-5 of Chapter 1, sub-point (ii) of Question 4 at pg. No. 1.71, the words “(including

VAT @ 12.5%)” be omitted. Also, in sub-point 1 given under Notes of the said answer, the

words “Hence, VAT paid thereon is a part of cost of production.” be omitted.

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Sathish M (Management Accountant) (40581 Points)
Replied 17 February 2016

Intermediate (IPC) Course Paper 4: Taxation [Part I: Income-tax] and Final Paper 7: Direct Tax Laws

In the printed copy of the following publications, in the example/illustration (for page number, see table

below) explaining the amendments in section 194A, in the answer to part (iii), the date “31.3.2015” should

be read as “31.3.2016”. Further, students are advised to ignore the example/illustration on new section

80JJAA given in the following pages of the printed copy of the publications mentioned below:

Publication	Section 80JJAA	Section 194A
Supplementary Study Paper 2015	Example in Page Number	Example in Page Number
IIPCC Paper 4: Taxation	106	115
Final Paper 7: Direct Tax Laws	109	172

Study Material	Illustration in Page Number	Illustration in Page Number
IIPCC Paper 4: Taxation – September 2015 Edition [Module 3]	7.60	9.12
Final Paper 7: Direct Tax Laws – November 2015 Edition [Module 2]	11.59	-