Change in FY (2013-14) with regards to Taxation Part, 23 Dec 2013
We have received new circular from FPSB India, stating change in FY (2013-14) for all the tax related question of all the module starting from Feb 2014 onwards.Please find the below circular from FPSBI:
CHANGE OF ASSESSMENT YEAR (AY) FOR THE CFPCM EXAMINATION:
This is to inform all concerned that the applicable Assessment Year shall be AY 2014-15 (pertaining to the Financial Year 2013-14) for the questions involving knowledge of Income Tax Rules and its application in the computation of taxable income, eligible deductions, tax, etc. under the Income-tax Act, 1961.
The change to AY 2014-15 would be applicable to the examination content with effect from 4th February 2014 and would remain in force till further revision.
It may be noted that there are no structural changes in the other features of CFPCM examination such as pattern, scoring, etc.
Knowledge Management Division
Financial Planning Standards Board India