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Tax Updates for CS-June, 2016 Examinations

Tax Updates Applicable in Company Secretaries June, 2016 Examination

Institute of Company Secretaries of India (ICSI) has issued clarification about Tax changes applicability in Company Secretaries Examination to be held in June, 2016.

Institute of Company Secretaries of India (ICSI) has published a clarification on it's website [] about latest Finance Act and other changes applicability for the CS-Students going to appear in Company Secretaries June, 2016 Examination.

 Tax updates


The clarification is applicable for the following students of ICSI:-

1. Students of Executive Programme 
  • For appearing in the Paper "Tax Laws and Practice (New Syllabus)"
2. Students of Professional Programme 
  • For appearing in the Paper " Advanced Tax Laws and Practice  (Old or New Syllabus)"


Direct Taxes applicable for June, 2016 Examination shall be Assessment Year 2016-17 (Previous Year 2015-16).

CS Students are advised to study:-
  1. Finance Act, 2015 for June, 2016 Examination
  2. All the Circulars, Clarifications, Notifications, etc. issued by the CBDT & Central Government, on or before six months prior to the date of the respective examinations.


Students appearing in ‘Executive Programme’ (in the 'Tax Laws and Practice (New Syllabus)' and 'Professional Programme' (in the 'Advanced Tax Laws and Practice') respectively may take note of the following changes applicable for June, 2016 Examination.

  • All changes made by the Finance Act, 2015.
  • All Circulars, Clarifications/Notifications issued by CBEC / Central Government effective six months prior to the date of examination.
  • As mentioned in the update guide, "Since, Wealth Tax Act, 1957 has been abolished w.e.f. 1st April, 2016. The questions from the same will not be asked in examination from December 2015 session onwards."

Students can see the Official notes by clicking the following link :-

Download Tax Amendments 
(For Executive Programme)

Download Tax Amendments
(For Professional Programme - Old Syllabus)

Download Tax Amendments 
(For Professional Programme - New Syllabus)

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