Disclaimer: The Suggested Answers hosted in the website do not constitute the basis for evaluation of the students’ answers in the examination. The answers are prepared by the Faculty of the Board of Studies with a view to assist the students in their education. While due care is taken in preparation of the answers, if any errors or omissions are noticed, the same may be brought to the attention of the Director of Studies. The Council of the Institute is not in any way responsible for the correctness or otherwise of the answers hosted herein.
The questions and answers in the Suggested Answers relate to the position of tax laws which is applicable for the relevant examination. The provisions of tax laws, as amended by the Finance Act of a particular year, are made applicable for May and November examinations held in the next year. The cut-off date for notifications, circulars and other legislative amendments is 6 months. Therefore, while preparing for the examination from previous Suggested Answers, further changes in the provisions of tax laws effected by the successive Finance Act(s), notifications, circulars and other legislations as well as judicial decisions have to be necessarily considered.
Copyright 2019 All rights reserved to the ICAI. No part of the contents available in any ICAI publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing, from the Institute.