| BOS/Ancmnet-Regional conf./227/07 |
| December 20, 2007 |
| The study materials for Paper 7: Direct Tax Laws and Paper 8: Indirect Tax Laws for the new final course have been published. The study materials on Direct Tax Laws [A.Y.2008-09] and Indirect Tax Laws contain the amendments made by the Finance Act, 2007 which are relevant for November 2008 examination. |
| The above study materials will also be relevant for the students of the existing final course for May 2008 and November 2008 examinations for Paper 7: Direct Taxes and Paper 8: Indirect Taxes with the exception of - |
| I. Direct Taxes |
1. Chapter 30 on Inter-relationship between Accounting and Taxation and |
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2. The portion relating to Ethics in Taxation (14.4) in Chapter 14. |
| II. Indirect Taxes |
1. Chapter 16 of Section C on Inter-relationship of accounting with excise, customs and service tax. |
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2. Chapters 6 to 12 of Section B relating to VAT. | |
| In the alternative, if the students already have the earlier edition of study material on Paper 7: Direct Taxes [i.e. based on the provisions applicable for A.Y.2007-08] and Paper 8: Indirect Taxes [i.e. as amended by the Finance Act, 2006], then, they can purchase the Supplementary Study Paper – 2007 for the final course, which contains the amendments made by the Finance Act, 2007 (relevant for A.Y. 2008-09) and significant notifications/circulars/other legislative amendments made between 1.5.2006 and 30.4.2007. |
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CA. R.Devarajan
Director of Studies(i/c) |
