Major Changes in IPCC Taxation Paper for May 2018 Exams :
As you might be aware that, with the introduction of last year’s Union Budget, Certain provisions of Income Tax have become outdated.
Considering this change, ICAI has removed around 45 Sections and Sub-Section from Direct Tax Paper.
This change (Taxation ) is applicable from May 2018 exams for both OLD and NEW Syllabus Students.
Also, In GST, In Chapter-3 around 20 Pages are covered on GST Rates. This entire topic is removed now.
So in this regard ICAI Issued a notification about the changes in Taxation paper and Other subjects for Upcoming May 2018 Examination.
In this below attachment you can get all the applicable Standards/ amendments for May 2018 examinations.
Applicable Auditing Standard, Advanced Accounting Standards Also placed in this the
The list of the sections removed and also changes in other subjects is available below for Download: