lavanya (student) (958 Points)
19 February 2016Sir i want to go through amendments of past 1 year(1-11-2014 to 31-10-2015) for IDT. Is it enough if i prepare from supplementary study paper relevant for may16 and nov 16 attempt???
or i must also see supplementary study paper relevant for may15 and nov 15 attempt?? Please help me
Sathish M
(Management Accountant)
(40581 Points)
Replied 19 February 2016
For your May 2016 and November 2016 exam, Finance Act 2015 is applicable. You need to go through supplementary material released for this attempt. If you have been referring to a main text book and which is latest, it would cover the entire book written as per the provisions contained in Finance Act, 2015.
The idea in issuing supplementary book covering amendments is to highlight what are the changes that has occured as per the Finance Act, 2015.
lavanya
(student)
(958 Points)
Replied 19 February 2016
Ok.. But if i want to go through amendments of FA 2014 ,then i must refer supplementary study paper issued for may15 and nov15 attempt?? Or all amendments of FA 2014 are also covered in may16, nov16 supplementary??
in my tuition material only FA2015 amendments are highlighted. FA 2014 amendments are not highlighted
Girdhar Malpani
(Trainee)
(150 Points)
Replied 19 February 2016
Hi lavanya,
As you will have to appear for May16 exam then refer Supplemet Study Paper (SSP) of FA 2015 which is relevant for May 16 & Nov 16 exams. So if you have any latest reference book then it will covere FA 14 & FA 15 amendments.
So focus more on FA 15 amendments & case laws of ICAI rather than refering FA 14 amendments because most of them already asked in May 15 & Nov 15 Exams so no need to refer FA 14 SSP.
If you have surplus time and only you want to update u rself then refer FA 14, otherwise give enough time for FA 15 SSP and refer it Thoroughly from upcomoing Exam point of view.
Hope you have got it now.
All the best.
Girdhar Malpani
(Trainee)
(150 Points)
Replied 19 February 2016
Hi lavanya,
As you will have to appear for May16 exam then refer Supplemet Study Paper (SSP) of FA 2015 which is relevant for May 16 & Nov 16 exams. So if you have any latest reference book then it will covere FA 14 & FA 15 amendments.
So focus more on FA 15 amendments & case laws of ICAI rather than refering FA 14 amendments because most of them already asked in May 15 & Nov 15 Exams so no need to refer FA 14 SSP.
If you have surplus time and only you want to update u rself then refer FA 14, otherwise give enough time for FA 15 SSP and refer it Thoroughly from upcomoing Exam point of view.
Hope you have got it now.
All the best...:-)
lavanya
(student)
(958 Points)
Replied 19 February 2016
Thank you sir..if at all time permits and i want to refer FA 2014 amendments, then i must refer supplementary study paper relevant for may15 and nov 15 exams sir??
lavanya
(student)
(958 Points)
Replied 19 February 2016
[A discussion on amendments made by the Finance Act, 2015, Significant Notifications/Circulars issued between 1st May, 2014 and 30th April, 2015 and New Foreign Trade Policy 2015 – 2020] - in supplementary study paper 2015 all these are included?? That means even amendments of FA 2014 are also included in FA 2015 SSP
Sathish M
(Management Accountant)
(40581 Points)
Replied 19 February 2016
Girdhar Malpani
(Trainee)
(150 Points)
Replied 19 February 2016
Yes Circular, Notification & FTP 2015-2020 are included in FA 2015 as earlier given in Nov 15 RTP & New Amendments inserted by FA 15 are additional. So Focus should be more on these amendments.
All the best..:-)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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