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direct tax code applicable in may 2011

sumit nirankari (CA FINAL) (42 Points)

09 March 2010

I heard n read in this Budget that direct tax code is going to be applicable from 1st april 2011.

so i just wanna confirm is there is anychange in the format or syllabus of ca final direct tax papers in may 2011.

plz help me

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9 Replies

(Guest)

For may2011 exam AY 2011-2012 will be applicable... DTC will come into force from 1st april2011 and will be applicable for AY2012-2013. Income earned in 2011-2012 will be assessed as per DTC in AY2012-2013..

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CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 09 March 2010

Hi sumit..

DTC will not be applicable for MAY 2011...

yaar, aisa hota to abhi FY 2010-11 ka budget is MAY wale attempt me applicable hota.. And then do u think after that all the books will be printed and issued???

So, for MAY 2011, the new budget issued on 26.2.10 will be applicable and not DTC coming next year

C.Balaji (Learner) (1867 Points)
Replied 09 March 2010

Agree with Dhiraj bhai.......

May 2011 - Finance Act 2010 is applicable.....

CA Priya (CS Final) (1049 Points)
Replied 09 March 2010

I wonder why people worry this much about DTC????? We need to be updated with soooo many changes for current FY.... Why bother about things which will be applicable next or subsequent years........ Forget and enjoy.........