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IPCC Amendments for May 2017 (All Amendments)

Details of CA IPCC Amendments for May 2017 Exam:
IPCC result May 2016 has been declared. The students who gonna appear for the first time in upcoming IPCC May 2017 exam are already searching for the IPCC Amendments for May 2017. So, IPCC Amendments for May 2017 for each subject are gathered below and taxation slab rates applicable in AY 2016-17 are given below which are applicable for CA IPCC May 2017 exam too. Below I have given CA IPCC Tax amendments for May 2017 CA IPCC exam. Check out the given links too for Taxation amendments for Intermediate/IPCC May 2017 examination.
We recommend you to get Practice Manual for IPCC May 2017.

IPCC Amendments May 2017

Here I have gathered all the important updates for IPCC amendments May 2017.

IPCC Tax amendments are given here, for rest subjects amendments click on the link given below.

1.IPCC Advanced Accounting Amendments May 2017
2.Company Law Amendments for CA IPCC May 2017
3.Information Technology New Chapters & IT SM Notes for May 2017

Paper 1 : Accounts 
Chapter Name – Following chapter is added from May 15 
Financial Statements of Companies
  • Meaning of company
  • Books of accounts to be maintained at registered office.
  • List of statuary books to be maintained.
  • Annual Return of company
  • Schedule III of companies Act, 2013
  • Managerial remuneration
  • Dividend
More updates will be given in Mid Feb 2016
Chapter name – Accounting for Bonus Issue 
Section 63 of Companies Act, 2013 related to the issue of bonus shares have been amended.
Paper 2 : Law, Ethics & Communication –
additional sections in Companies Act, 2013 which are notified by MCA i.e. Section 1-122 are applicable for May 2015 Onwards syllabus.
Download the latest Study Material & practice manual from IPCC Study Material & Practice Manual for May 2017 Onwards Exams
Paper 3: Cost & FM – No changes as this is a static subject.
Paper 4: Taxation – the changes will be as per finance act 2015, we will provide you the same very shortly. Keep checking this page for it’s updates.
Paper 5  Advance Accounts

Exclusion from paper 5:

  • Financial Reporting of Electricity Companies
Paper 6: Auditing – There are just slight changes in Company Audit 1 and 2 chapter, which you can find in RTP which will be out soon.
Paper 7 : IT & SM – No changes as of now, Still check RTP for more changes and cross check amendments given above.

NOTE: We will add new updates and amendments for IPCC May 2017 as and when it will be made available by ICAI. Stay tuned with us.

 

IPCC Tax Amendments for May 2017

a. Addition from Nov 14 attempt: Two new chapters are added in basic concept namely Central Excise Duty and Central Custom Duty whose material can be got from below given link b (ii).

b. Download   i. IPCC Tax Supplementary for Nov 2015 by ICAI

 ii. Revised Practice Manual & Study Material for CA IPCC

Must download:- IPCC Nov 2015 RTP

 

Income Tax Slab for A.Y. 2015-16 (F.Y. 2014-15)

Income tax slab rate for AY 2015-16 are given below which are applicable for IPCC May 2015 exams.

IncomeTax Rates
i)Income up to 2.5 lakhNIL
ii)Income From 2.5 Lakh to 5 Lakh10% on income over Rs. 2.5 Lakh
iii)Income from 5 Lakh to 10 LakhRs. 25,000/- plus 20% on above income 5 lakh
iv)Income above 10 lakhRs. 1 lakh 25 thousand plus 30% on income above 10 lakh
v)Surcharge will be applicable @ 10% when total taxable income is over 1 crore
vi)3% Education Cess, Secondary & Higher Education Cess will be applicable on income tax & surcharge

Income Tax Slabs for Individuals for 60 years or above but below 80 years A.Y.2015-16

 IncomeTax Rates
i)Income up to 3 lakhNIL
ii)Income From 3 Lakh to 5 Lakh10% on income over Rs. 3 Lakh
iii)Income from 5 Lakh to 10 LakhRs. 20,000/- plus 20% on above income 5 lakh
iv)Income above 10 lakhRs. 1 lakh 20 thousand plus 30% on income above 10 lakh
Surcharge will be applicable @ 10% when total taxable income is over 1 crore.
3% education cess will be applicable on income tax & surcharge

Income Tax Slab for Individuals Over 80 Years A.Y.2015-16

 IncomeTax Rates
i)Income up to 5 LakhNIL
ii)Income From 5 Lakh to 10 Lakh20% on income over Rs.5 Lakh
iii)Income above 10 lakhRs. 1 lakh plus 30% on income above 10 lakh
Surcharge will be applicable @ 10% when total taxable income is over 1 crore.
3% education cess will be applicable on income tax & surcharge

More updates coming soon..

That’s it for IPCC amendments May 2017 exam.
Stay tuned !!!

48 Comments

Add a Comment
  1. Any more amendments for ipcc nov.15

  2. Sir plz send direct and indirect tax new amendments for nov 2015 for exams

  3. please send me company law amendments for may 2016

  4. sir I registered for Ipcc in septrmber 2012. so please tell me what is ravalidation date.

  5. send me income tax amendments

  6. hi sir,
    please send me income tax amendments for may 2016

  7. please sir, provide me latest amendments of may attempt 2016 for all subjects.

  8. please provide new amendmemnts for may 2016 exam of income tax

  9. I want new ammendments for IT & IDT. So please provide pdf

  10. please send me may16 amendments(all subjects) & rtp (may16) for ipcc…

  11. please send me may16 amendments(all subjects) & rtp (may16) for ipcc…(in pdf)

  12. plc sir I need amendment of all subjects for may 2016

  13. Plz sir send me law amendments for ipcc may 2016 as soon as possible

  14. Sir….can I know,where could I find last 10 attempts CA-IPCC question papers with suggest answers..

  15. sir,
    ICAI change their GMCS-1 course.

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