Hi friend i have joined this club few days back.
I have cleared my PCC in MAY 2010. Now i want to ask u from when GST and Direct Tax code will be applicable for CA final if both become act as on 1st April 2010.
Please Help.
2 Replies
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 13 August 2010
A very sujective question and there cannot be any direct answer on the same as the same are proposed and will depend upon its becoming an ACT.
So now keeping in mind the above to reply you DTC has been proposed to be applicable w. e. f. 01.04.2011 i. e. A. Y. 2012 - 13. As the assessment year is next year so the same will not apply in either May 2011 or November 2011 if the same becomes effective as proposed and will be applicable for May 2012.
GST has been proposed to be effective w. e. f. 01.04.2011 and the levy will be effective from that date and hence the same may apply in November 2011 exam not before that.
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