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Wealth Tax not applicable for Nov 15

Wealth Tax not applicable for Nov 15 CA Final Exams

The changes incorporated by Finance Act 2015 would normally have been applicable for May 16 Exams.

However, the abolition of Wealth Tax incorporated through Finance Act 2015 would not be applicable for Nov 15 Exams as well.

Students appearing for CA Final Nov 15 Exams should note that Wealth Tax Act, 1957 and the Rules wealth-tax-Not-Applicable-Nov-2015-Exams

thereunder would not be applicable for Nov 15 Exam of Paper 7: Direct Tax Laws.

The official ICAI Announcement regarding the same has been attached herewith.

Click on the Image to See official Notification

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