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CA IPCC Tax Amendments For May 2018 and Nov 2018 – New Changes

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CA IPCC Tax Amendments For May 2018 and Nov 2018. Changes in IPCC Tax Syllabus For May 2018 and Nov 2018

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In previous post we have given CA IPCC Tax Question Papers and Suggested Answers of previous exams. Today we are providing CA IPCC tax amendments and supplementary study material / supplementary study paper applicable for May 2018 and Nov 2018 exams. Today ICAI has given IPCC tax supplementary study paper both Direct tax and Indirect tax with latest amendments applicable for May 2018 and Nov 2018 exams. We are providing these Direct tax and Indirect tax amendments and supplementary study paper in PDF format.

Paper 4: Taxation

Applicability of the Finance Act, Assessment Year etc. for May 2018 and Nov 2018 examination

The provisions of income-tax and indirect tax laws, as amended by the Finance Act, 2016, including circulars and notifications issued and other legislative amendments made upto 30th April, 2018, are applicable for November, 2018 examination. The relevant assessment year for income-tax is A.Y. 2018-19.

Tax Amendments for May 2018 and Nov 2018

These PDF files include, Amendments made by the Finance Act 2015 in Income tax i;e basic concepts, Residence and scope of total income, Incomes which do not form part of total income, Profits and gains from business and profession (PGBP), Capital gains, Deductions from gross total income, Advance tax and tax deducted at source, Filing of income tax return and Amendments made by the Finance Act 2015 in Indirect tax i;e Central excise duty, Customs duty, Basic concepts of service tax, Valuation of taxable service, Exemptions and abatements, Service tax procedures, and Cenvat credit applicable for IPCC tax May 2017 and Nov 2017 exams. Click below links to download IPCC tax amendments and supplementary study material / supplementary study paper applicable for May 2017 and Nov 2017 exams.

IPCC Tax Amendments and Supplementary Study Paper For May 2018 and Nov 2018

In recent posts we have given IPCC Tax Study Material and IPCC Tax Syllabus applicable for 2018 exams. Now we are providing IPCC tax amendments and supplementary study paper relevant for May 2018 and Nov 2018 exams. Click below links to download

Students of IIPCC, appearing in May 2018 and November 2018 examinations, may note that the new Study Material for Intermediate Paper 4: Taxation under the Revised Scheme of Education and Training is relevant for IIPCC Paper 4: Taxation as well, with the exception of the following topics in Section A: Income-tax Law discussed under the following headings –

– “8. Tax Collection at Source – Basic Concept [Section 206C]” in pages 9.60 to 9.65 in Chapter 9

– “19. Self-Assessment” in page 10.28 in Chapter 10

Consequently, the summary of the above two topics forming part of “Let us recapitulate” at the end of these chapters is also not relevant for IIPCC Paper 4: Taxation.

It may be noted that the content of Section A of the Study Material is based on the income-tax law as amended by the Finance Act, 2017. The relevant assessment year is A.Y.2018-19. The Study Guidelines, containing the list of topic-wise exclusions from the syllabus of New Intermediate Course Paper 4: Taxation, Section A: Income-tax law, given in pages ix – xix forming part of the initial pages of Module 1 of the Study Material, is applicable for IIPCC Paper 4: Taxation Section A Income-tax, also. In effect, the provisions/sections given in the Study Guidelines will be excluded from the syllabus of IIPCC Paper 4 Taxation, as well.

Section B: Indirect Taxes comprises of GST, the syllabus for which is the same in both old course and new course, and hence, the Study Material for new course is applicable for the old course.

Students may note that the marks allocation for Sections A & B is 50:50 in IIPCC Paper 4: Taxation and 60:40 in new Intermediate Paper 4: Taxation.

Integrated Study Material wherein amendments are given in italics/bold italics and questions from erstwhile Practice Manual are included in Section A: Income-tax Law 

IIPCE students may also note that the new Intermediate Course Study Material for Paper 4A: Income-tax Law includes questions from erstwhile Income-tax Practice Manual, modified, adapted and answered on the basis of the provisions of income-tax law as amended by the Finance Act, 2017. These questions have been incorporated by way of illustrations explaining the relevant provisions of law or as exercise questions with answers at the end of the relevant chapters in the Study Material. The amendments made by the Finance Act, 2017 in income-tax law and latest circulars and notifications are indicated in italics/bold italics in the Study Material for ease of reference. In effect, the new course Study Material for IIPCE Paper 4A: Income-tax is an integrated material, incorporating questions and answers from erstwhile income-tax Practice Manual and the latest amendments in income-tax law. Since the Study Material is all inclusive, there would be no separate Practice Manual or Supplementary Study Paper either under the Old IIPCC Paper 4A: Income-tax or the New Intermediate Course Paper 4A: Income-tax Law.

It may be noted that in IIPCC/Intermediate Paper 4B: Indirect Taxes, fresh questions have been included in the Study Material as examples, illustrations and exercise questions with answers, since GST is a new law.

Students may also note that the Revision Test Papers (RTPs) and Mock Test Papers (MTPs) for May 2018 and November 2018 would also contain questions on income-tax law and GST for further honing your problem solving skills.

IPCC Study Material For May 2018 and Nov 2018 | Taxation

Download IPCC Tax supplementary study material and practice manual applicable for 2018.

Study Material
Part I – Income Tax
Module 1
Initial Pages
Chapter 1 Basic Concepts
Chapter 2 Residence and Scope of Total Income
Chapter 3 Incomes Which Do Not Form Part of Total Income
Module 2
Initial Pages
Chapter 4 Heads of Income

Module 3
Initial Pages
Chapter 5 Income of Other Persons Included in Assessee’s Total Income
Chapter 6 Aggregation of Income, Set-Off and Carry Forward of Losses
Chapter 7 Deductions From Gross Total Income
Chapter 8 Computation of Total Income And Tax Payable
Chapter 9 Advance Tax, Tax Deduction at Source and Introduction to Tax Collection at Source
Chapter 10 Provisions for filing Return of Income and Self-assessment

 

 

Study Material
Part II – Indirect Taxes
Module 1
Initial Pages
Chapter 1: GST in India – An Introduction
Chapter 2: Supply under GST
Chapter 3: Charge of GST
Chapter 4: Exemptions from GST
Chapter 5: Time and Value of Supply

Chapter 6: Input Tax Credit
Module 2
Initial Pages
Chapter 7: Registration
Chapter 8: Tax Invoice, Credit and Debit Notes
Chapter 9: Payment of Tax
Chapter 10: Returns

 

IPCC Direct Tax Amendments For May 2018 and Nov 2017

IPCC Direct Tax Amendments for May 2018 and Nov 2018
No. Topic Amendments
1 Basic concepts Download
2 Residence and scope of total income Download
3 Incomes which do not form part of total income Download
4 Profits and gains from business and profession Download
5 Capital gains Download
6 Deductions from gross total income Download
7 Advance tax and tax deducted at source Download
8 Filing of income tax return Download
9 Direct Tax Amendments at a Glance Download

Study Material : Relevant for May 2018 and November 2018 examination

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Also Read:

CA IPCC Syllabus CA IPCC Registration CA IPCC Exam Dates
CA IPCC Papers & Mock Tests CA IPCC Study Plan CA IPCC Suggested Answer
CA IPCC Revision Test Papers CA IPCC Study Material CA IPCC Important Dates

IPCC Indirect Tax Amendments and Supplementary Study Paper For May 2018 and Nov 2018

Click below links to download IPCC Indirect tax amendments and supplementary study paper relevant for May 2017 and Nov 2017 exams.

Share this article ” CA IPCC Tax Amendments For May 2018 and Nov 2018 ” to your friends, who are going to write IPCC exams in Nov 2017.

8 Comments
  1. utsav says

    This will help …

  2. Sharath says

    Thanks Sir

  3. 123 says

    sir i purchased a handbook on tax which is applicable to may2015. is that book is valid with these amendments for may 2016.

  4. Stelvy says

    no, that is not applicable as there are lot of amendments in the new finance act applicable fr ths may 16

  5. Subed Satyal says

    If the service tax isn’t paid then what can be the rate of interest for six months, one year and the next years according to the latest ammendmend?

  6. Aravind says

    Is there any amendments in NI Act or Payment of Bonus Act??
    Coz these acts where shown amended under official gazette..
    Are they applicable to November 2016 Ipcc exam??

  7. DINESH says

    THANKS A LOT FOR UR FRUITFUL EFFORTS

  8. Teja sai varma says

    No comments and for giving this opportunity

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