It may be observed that currently Paper 4 Taxation of Intermediate (IPC) examination covers questions from both Direct and Indirect Taxes. Candidates are required to write their answers thereon on a single answer book. 

It has now been decided to bifurcate the above mentioned Paper 4- Taxation of Intermediate (IPC) into two sections. 

Accordingly, the question paper in respect of Paper 4 will have two sections. 

Section A- covering questions from Direct Taxes ( 50 marks)
Section B- covering questions from Indirect Taxes ( 50 marks) 

The said paper will continue to be held in a single session of 3 hours. Candidates will be required to write their answers in respect of each of the sections in two separate answer books. They will be required to write answers relating to Direct Taxes in the answer book meant for Section A ( duly marked “A” ) and those relating to Indirect Taxes in the answer book meant for Section B( duly marked “B”). 

Consolidated marks of both the sections would be indicated in the statement of marks. 

The paper will be treated as a single paper for the purpose of passing requirements, exemptions and for providing certified copies. 

The above arrangement will operate on the same lines as Paper 7- Information Technology and Strategic Management of Intermediate (IPC) examination. 

The bifurcation as mentioned above will be effective from the Intermediate(IPC) examination to be held in November 2017 and onwards.