The Ultimate Guide to CA Inter Group 2 | Vsmart Academy

Chartered Accountancy: A Brief Overview

Are you ready to take on the challenge of CA Inter Group 2? Whether you’re already on your journey or just gearing up to start, this comprehensive guide from VSmart Academy will be your ultimate companion. From understanding the Chartered Accountancy journey to crafting the perfect study plan for each subject, we’ve got you covered. Let’s dive in!

Best CA Intermediate Classes at VSmart Academy:

At VSmart Academy, we pride ourselves on delivering top-notch education tailored to the needs of CA aspirants. Our experienced faculty, comprehensive study materials, and interactive learning platforms ensure that you receive the best guidance throughout your CA Intermediate journey.

CA Inter Group 1 Recap:

Before delving into Group 2, let’s briefly recap the subjects in CA Inter Group 1:

Subject
Advanced Accounts
Law
Direct Taxation (DT)
Indirect Taxation (IDT)

Now, let’s delve into the subjects awaiting you in CA Intermediate Group 2.

CA Inter Group 2 Subjects:

Group 2 of CA Intermediate comprises the following subjects:

Subject
Audit
Financial Management (FM)
Strategic Management (SM)
Cost and Management Accounting

These subjects are essential pillars in developing your understanding of financial management, strategic decision-making, and cost analysis, pivotal skills for future Chartered Accountants.

CA Inter Paper Pattern:

Understanding the paper pattern is crucial for effective exam preparation. Group 2 of CA Intermediate follows a structured format:

Paper Number Subject Maximum Marks
Paper 5 Audit 100
Paper 6 Financial Management (FM) 100
Paper 7 Strategic Management (SM) 100
Paper 8 Cost and Management Accounting 100

Create Notes for CA Inter Group 2 Preparation:

One of the most effective strategies for exam preparation is creating comprehensive study notes. Here’s how you can craft different types of notes for CA Inter Group 2:

  1. Short Notes: Condense complex concepts into concise bullet points for quick revision.
  2. Summary Notes: Summarize each chapter or topic to grasp key highlights and concepts.
  3. Revision Notes: Create flashcards or mnemonic devices to aid in last-minute revision before exams.

How to Make a Study Plan for Each Subject?

Now, let’s break down the process of creating a study plan for each subject in CA Inter Group 2:

  1. Audit: Understand the syllabus thoroughly and focus on practical application of audit procedures. Allocate time for regular practice and solving case studies.
  2. Financial Management (FM): Master principles of financial management, including capital budgeting, working capital management, and financial analysis. Practice solving numerical problems to strengthen concepts.
  3. Strategic Management (SM): Dive into strategic decision-making processes, including SWOT analysis, strategic planning, and implementation. Stay updated with current business trends and case studies.
  4. Cost and Management Accounting: Develop a deep understanding of cost concepts, budgeting, standard costing, and variance analysis. Practice solving numerical problems to enhance calculation skills.

Conclusion:

CA Intermediate Group 2 is a crucial phase in your journey towards becoming a Chartered Accountant. With dedication, strategic planning, and the right guidance from VSmart Academy, you can conquer this milestone with confidence. Remember, success is not just about clearing exams but also about mastering the knowledge and skills that will make you a proficient professional in the field of accounting and finance. So, gear up, set your goals, and embark on this exciting journey with VSmart Academy by your side. Together, let’s achieve excellence in CA Intermediate Group 2 and beyond!

How to Clear CA Inter GST in 1st Attempt?

Ready to crack CA Inter GST on your first go? This blog has your back with straightforward tips and tricks. Think of it as your go-to guide, offering easy strategies to navigate the ins and outs of GST studies. We’ll break down the CA Inter GST syllabus and share practical study methods, ensuring you not only pass but excel in the exam. Join me on this journey, unraveling the secrets to mastering GST for CA Intermediate and making your first attempt a resounding success!

CA Inter GST Chapters for May'24 Exams

Preparing for the CA Intermediate GST paper for the May’24 exams requires a meticulous focus on crucial chapters. Here’s a breakdown of the essential GST chapters to guide your preparation:

Chapter Key Topics Covered
Input Tax Credit (ITC) Understanding ITC provisions, conditions for availing ITC, and its implications on the overall tax liability.
Valuation Grasping the methods and principles of valuation under GST, including transaction value and valuation in special cases.
Time and Place of Supply Examining the timing and location aspects determining the liability to pay GST, a critical element in understanding the taxation process.
GST Returns Mastering the intricacies of filing GST returns, including various forms, due dates, and the reconciliation process.

CA | CMA Intermediate GST - Regular Course for May'24 Exams

Enrolling in a regular course is a strategic move to tackle the CA Intermediate GST paper effectively. Here’s why:

  • Structured Learning: Regular courses, like the CA Inter Indirect Taxation by CA Vishal Bhattad, provide a well-organized curriculum, ensuring comprehensive coverage of all GST chapters.
  • Interactive Sessions: Live and recorded sessions facilitate better understanding, allowing students to revisit complex topics at their own pace.
  • Doubt Resolution: Utilize doubt-solving platforms, such as the Vsmart QnA App, to clarify queries and strengthen your grasp on challenging concepts.
  • Study Material: Access printed books and Hinglish (Hindi-English Mix) lectures, optimizing your learning experience.

CA | CMA Intermediate GST for Nov/Dec'23 Exams - Exam-Oriented Batch

The Exam Oriented Batch for CA | CMA Intermediate GST is tailored to provide focused and efficient preparation for the Nov/Dec’23 Exams. Here’s a breakdown of key details:

Feature Details
Course Name CA
Batch Type Exam Oriented Batch
Lecture Mode Online Download, Pendrive
Course Fee Online Download – ₹2999, Pendrive – ₹3499
Syllabus Coverage 100% as per ICAI module
Duration Approximately 60 Hrs (20 Lectures)
Amendments Up to date for Nov/Dec’23 Exams
Language Lectures provided in Hinglish (Hindi-English Mix)
Study Material Hard Copy Book Materials
Playback Time 1.5x Playback Time
Validity Unlimited Validity
Delivery & Dispatch 5 to 10 business days from the order date
Shipment Single Shipment
Doubt Solving VSmart QnA App provided with course purchase

Course Highlights:

  1. Fast-Track Booster Batch: An accelerated learning approach designed to facilitate in-depth revision of the entire syllabus in a limited time, boosting overall study preparation.
  2. Amended & Up to Date: The course content is aligned with the latest updates and amendments, ensuring relevance for the Nov/Dec’23 Exams.
  3. Super 50 Questions: A valuable feature where 50 questions will be discussed in this batch, offering practical insights into exam-oriented problem-solving.

Useful For:

  1. In-depth Revision: Ideal for those seeking comprehensive revision within a limited timeframe to enhance study preparation.
  2. Boost of Confidence: Suited for students requiring an extra confidence boost in their preparation, whether from self-study or other classes.
  3. Gap Attempt Students: Beneficial for students with a gap of 1-2 attempts, providing a targeted approach to address specific areas of improvement.

As you gear up for the Nov/Dec’23 Exams, consider the Exam Oriented Batch for CA | CMA Intermediate GST as a strategic choice for effective and focused preparation.

Modes of Lectures: OD + PD + Live

When it comes to preparing for the CA Inter exams, flexibility in learning is key. Vsmart Academy understands the diverse needs of students and offers multiple modes of lectures to cater to individual preferences.

  1. Online Download (OD):

           The Online Download option allows students to access lectures at their convenience. With the flexibility to download and view lectures offline, it’s an ideal choice for those who prefer self-paced learning.

  1. Pendrive (PD):

           Pendrive lectures provide the advantage of portability. Students can carry their study material wherever they go, ensuring uninterrupted learning even without a stable internet connection. It’s a reliable option for those who are constantly on the move.

  1. Live Streaming:

           For those who thrive on real-time interaction and a structured schedule, Live Streaming is the perfect fit. It brings the classroom experience to the digital space, allowing students to engage with the material, ask questions, and participate in discussions.

This variety in lecture modes ensures that every student can choose the format that aligns with their learning style and daily routine.

Rapid Revision 3.0 for CA Inter (YouTube Playlist of all lectures)

Vsmart Academy introduces Rapid Revision 3.0, a game-changer for CA Inter exam preparation. This comprehensive YouTube playlist encompasses all the lectures needed for a thorough revision leading up to the exams.

Key Features of RR 3.0:

  1. Last Month Study Plan: A strategic study plan designed for the crucial last month before the exams, ensuring efficient coverage of essential topics.
  2. Theory & MCQ Questions: The playlist includes theory sessions along with a focus on Multiple-Choice Questions (MCQs) to strengthen conceptual understanding and application.
  3. Top 100 Questions: An in-depth review of the top 100 questions that are likely to appear in the CA Inter exams, providing targeted preparation.
  4. Writing Practice & Chart Revision: The inclusion of writing practice sessions and chart revisions enhances exam-specific skills, preparing students for effective paper presentation.

Accessing RR 3.0:

  1. Register: Start by registering for RR 3.0 to gain access to notes and additional resources.
  2. Join Telegram Group: Stay connected and receive updates by joining the RR 3.0 Telegram Group.
  3. Watch Recorded Lectures: Access the entire RR 3.0 playlist on YouTube for convenient and comprehensive revision.

https://www.youtube.com/playlist?list=PLdkIUEQXkkYMkGLLadoN3WKIO-DaO0Ufc

 

Whether you prefer the flexibility of self-paced learning or the real-time engagement of live sessions, RR 3.0 caters to all CA Inter students gearing up for the Nov 2023 exams.

CA Inter GST + DT Combo Batch:

Features Details
Subjects Covered Goods and Services Tax (GST) and Direct Tax (DT)
Faculty Renowned experts in the field, ensuring in-depth understanding and clarity
Integrated Approach Comprehensive coverage of both GST and DT topics, fostering a holistic understanding
Learning Resources Access to high-quality study material and resources for effective exam preparation
Flexibility Downloadable lectures provide flexibility in learning, enabling students to study at their own pace
Community Trust Vsmart Academy’s reputation and significant subscriber base demonstrate trust and reliability

How to Access the CA Inter GST + DT Combo Batch:

  1. Subscribe: Become a part of the CA Inter community by subscribing to Vsmart Academy’s YouTube channel.
  2. Download Lectures: Utilize the option to download lectures, allowing you to study offline and revisit challenging topics.

https://youtu.be/Pvc9NrD5wlA

Conclusion

Vsmart Academy stands as a beacon for CA Inter aspirants, gearing up for the May 2024 exams. The institute’s diverse course offerings, including regular batches, fast-track sessions, and innovative RR 3.0 on YouTube, promise a comprehensive and effective learning journey. Led by CA Vishal Bhattad, the CA Inter GST courses boast in-depth coverage, unlimited validity, and flexible learning modes, catering to students from various backgrounds. The RR 3.0 Batch on YouTube adds an extra dimension to preparation, emphasizing last-month study plans and interactive learning for a well-rounded approach.

To further enhance the learning experience, Vsmart Academy introduces a dynamic combo course featuring CA Bhanwar Borana and CA Vishal Bhattad, covering CA Inter GST + DT. This integrated approach, coupled with downloadable lectures, offers flexibility and a holistic understanding of the subjects. In conclusion, Vsmart Academy stands as a reliable ally, dedicated to empowering CA Inter students with the knowledge and confidence necessary for success in their exams and future careers in finance and taxation.

CA Intermediate — Fees, Last Date, Eligibility

The journey to becoming a Chartered Accountant (CA) is an ambitious and rewarding endeavor. The CA Intermediate level serves as a significant stepping stone toward achieving this prestigious designation. If you aspiring to pursue a career in finance, auditing, taxation, or advisory services, registering for the CA Intermediate exam is a crucial step in your path. In this comprehensive guide,
we will delve into the eligibility criteria, important dates, registration procedures, fees, and other essential details for the CA Intermediate Registration for November 2023.

CA Intermediate Eligibility Criteria 2023

To be eligible for CA Intermediate Registration, candidates must fulfill the following criteria:

For Foundation Route:

Successfully passed the CA Foundation Examination conducted by the Institute of Chartered Accountants of India (ICAI).

Completed a minimum of eight months of study course from the date of registration.

For Direct Entry Route:

Graduates/Post Graduates with specified percentages from recognized universities or institutions.

Candidates with qualifications such as CS (Company Secretary) or CMA (Cost and Management Accountant) are also eligible.

Important Dates for CA Intermediate Registration 2023:

CA Intermediate 2023 May 2023 November 2023
Last date for Registration September 1, 2022 June 30, 2023
CA Inter exam form availability February 3, 2023 August 2, 2023
Last date for submission (late fees – Rs.600) March 3, 2023 To be notified
Exam dates Group 1:   May – 3, 6, 8, and 10, 2023 To be notified
Group 2:   May – 12, 14, 16, and 18, 2023

Important Dates CA Intermediate 2023

There are two routes through which you can register for CA Intermediate:

Foundation Route:

This route is for candidates who have cleared the CA Foundation Examination. After clearing the foundation level, candidates can directly register for the CA Intermediate course.

Direct Entry Route:

Graduates/Post Graduates and candidates with relevant professional qualifications like CS or CMA can choose this route. However, specific educational criteria and qualifying marks must be met.

Qualifying Marks Required for Direct Entry Route:

Graduates/Post Graduates: Minimum 55% marks in the aggregate of all subjects.

Other professionals (CS/CMA): Minimum 60% marks.

Procedure for CA Intermediate Registration 2023:

Follow these steps to register for CA Intermediate Nov 2023 successfully:

Visit the ICAI official website.

Navigate to the ‘Students’ tab and select ‘Course Registration Forms.’

Choose the Intermediate course and the desired route (Foundation or Direct Entry).

Fill in personal, educational, and other required details.

Upload documents & a passport-sized photograph.

Pay the registration fee online.

Documents Required for CA Intermediate Registration:

Passport-sized photograph.

Scanned copy of the signature.

Copy of an Admit Card or a Mark Sheet of Class 12th.

Proof of Nationality, if applicable.

Graduation/Post Graduation Mark Sheets, if registering via Direct Entry.

CA Intermediate Registration Fee 2023:

The registration fee for CA Intermediate may vary based on the route and other factors. It’s advisable to check the ICAI official website for the most accurate and up-to-date fee information.

Validity of CA Intermediate Registration:

CA Intermediate registration is valid for a specific period, typically four years. If you are unable to clear the exams within this period, you can revalidate your registration by paying a nominal fee.

What After CA Intermediate Registration 2023:

Once you have successfully registered for CA Intermediate, it’s time to focus on your studies. The course curriculum is extensive and requires dedicated preparation. Utilize study materials, mock tests, and guidance from experienced professionals to enhance your chances of success.

CA Intermediate Exam Form 2023:

After completing the registration process, you need to fill and submit the CA Intermediate exam form for November 2023. Ensure you meet all the deadlines and provide accurate information while filling out the form.

The CA Intermediate Registration for November 2023 is a crucial step on your journey towards becoming a Chartered Accountant. Ensure you meet the eligibility criteria, keep track of important dates, and complete the registration process diligently. With the right preparation and dedication, you can navigate this phase successfully and move closer to achieving your career aspirations in the field of finance and accounting.

CA Intermediate Advanced Accounting: Classes, Syllabus, Papers

The CA Intermediate Advanced Accounting paper holds significant importance in the journey of becoming a Chartered Accountant. It requires a strong foundation of knowledge and a thorough understanding of advanced accounting practices.

CA Intermediate Advanced Accounting Coaching Classes

To excel in the CA Intermediate Advanced Accounting examination, enrolling in coaching classes can prove to be a wise decision. These classes offer expert guidance, comprehensive study materials, and a structured approach to learning. Look for reputable coaching institutes renowned for their experienced faculty and result-oriented teaching methods.

CA Intermediate Advanced Accounting Syllabus

The syllabus for CA Intermediate Advanced Accounting consists of various topics that will enhance your understanding of complex accounting principles. It includes subjects like Corporate Accounting, Accounting Standards, Average Due Date, Investment Accounts, Insurance Claims for Loss of Stock and Loss of Profit, etc. Familiarize yourself with the syllabus to effectively plan your study schedule.

Marking Scheme & Exam Pattern of CA Inter Paper 5

Understanding the marking scheme and exam pattern is crucial for optimizing your performance in the CA Intermediate Advanced Accounting examination. The paper comprises two groups, each consisting of four separate sections. Each section carries a different weightage of marks. Pay attention
to the marks distribution and allocate your time accordingly during the exam.
– The CA Intermediate Advanced Accounting paper follows a 30:70 assessment pattern, with 30 marks allocated to multiple-choice questions (MCQ) and 70 marks allocated to subjective questions.
– The marking scheme for CA Intermediate Paper 5 is divided into two parts: Part I and Part II.
– Part I consists of MCQs and carries 30 marks, whereas Part II consists of descriptive questions and carries 70 marks.
– Part I must be completed on the OMR sheet, while Part II must be answered on the descriptive answer sheet.
– Part II comprises five questions, out of which Question No. 1 is compulsory, and candidates need to attempt any three questions.
– The exam duration for CA Intermediate Advanced Accounting is 3 hours, so time management is crucial.
– It is important to submit the answer sheets to the invigilator within the specified time.
– Candidates are advised to write their answers in the language they have chosen while filling out the CA Inter exam form.

CA Inter Advanced Accounting Chapter-wise Weightage

Knowing the weightage assigned to individual chapters can help you prioritize your preparation effectively. By focusing more on chapters with higher weightage, you can allocate your study time accordingly and maximize your chances of scoring well. Analyze the previous year’s papers to gain insights into chapter-wise weightage trends.

Chapter Topics Weightage
Chapter 1
  1. Accounting Standards (AS – 7, 9, 14, 18, 19, 20, 24, 26, 29)
  2. Application of Guidance Notes on specified accounting aspects.
20%-26%
Chapters 2-3
  1. Special aspects of company accounts (ESOP, buyback, Underwriting)
  2. Reorganization of companies (Amalgamation, reconstruction, and Liquidation)
33%-38%
Chapter 4 Financial Reporting of Banking, Financial Services, and Insurance (BFSI) (Insurance Co, Banking Co, Non-Banking Co, Mutual Funds). 12%-16%
Chapters 5-6
  1. Consolidated Financial Statements
  2. Dissolution of Partnership
25%-30%

CA Intermediate Advanced Accounting Tips and Tricks

– Prepare well for the Advanced Accounting exam to maintain a good aggregate score.

– Create a study plan for the entire syllabus of CA Intermediate Advanced Accounting and stick to the timetable.

– Adjust your study timings according to the different types of subjects, such as numerical-based papers and detailed-oriented papers.

– Take notes of each chapter to understand the content and organization of various topics and sub-topics.

– Engage in self-questioning while revising different topics to reinforce your understanding.

– Practice answering questions in the same detailed format as suggested in the ICAI prescribed Answer sheets.

The CA Intermediate Advanced Accounting paper requires dedicated effort and a systematic approach to achieving success. By enrolling in coaching classes, understanding the syllabus, practicing mock test papers, and following tips and tricks, you can streamline your preparation and boost your chances of performing well in the examination. Stay focused, persevere, and believe in your abilities to conquer this challenging subject on your path to becoming a Chartered Accountant.

CA Foundation Result 2022

CA Foundation Result 2022 – Know the Dates, How to Check Results

The CA Foundation result Dec 2022 is expected to be declared on 3rd/4th February, 2023, at 10 AM. The official announcement for the CA Foundation 2023 result date will be released soon by ICAI. To check the result, go to the ICAI exam website – icai.org and enter your registration and roll number.

 

How to Check the CA Foundation Result Dec 2022?

Follow the step-by-step process to check the CA Foundation Result Dec 2022 online.

  1. Go to the ICAI exam website, and click on “Results”.
  2. Under the “Check Results” section, tap on “Foundation: Dec 2022”.
  3. Then, enter your Roll number with a PIN or the registration number.
  4. Now a new window will appear with your CA Foundation result. Take a printout of the result for future reference.

ICAI websites to check the results are – icaiexam.icai.orgcaresults.icai.org, and icai.nic.in.

The details mentioned in the CA Foundation result mark sheet are:

  • Student’s name,
  • Paper-wise minimum and maximum marks,
  • Total marks, and
  • Result Status of the student.

 

CA Foundation Passing Marks

As per the CA Foundation exam pattern, students who scored a minimum of 40% marks in each subject and 50% aggregate in all four subjects within a single attempt will qualify for the exams.

Pass with Distinction- Students scoring more than 70% marks receive their result card with the Pass with Distinction mentioned.

Vsmart Academy provides the best coaching to the CA Foundation students. In the June 2022 results, our 220 students cleared the exams and 7 students got 300+ marks. If you also want to get the best result, then join our CA Foundation Coaching now.

CA Foundation Pass Percentage Dec 2022

The pass percentage is the percentage of candidates who cleared the CA Foundation exams. The ICAI will soon release the CA Foundation Pass Percentage of Dec 2022 result. Till then, students can review the passing percentage for the June 2022 result.

Gender Appeared Passed Pass %
Male 51111 13043 25.52
Female 42618 10650 24.99
Total 93729 23693 25.28

Students who have cleared the CA Foundation exams must check the CA New course recently introduced by the ICAI. The institute has made several changes at all levels of the CA course. Check the detailed analysis of the CA new scheme here.

What to Do After CA Foundation Result Dec 2022?

Students who have cleared the CA Foundation Dec 2022 exams can register for the CA Intermediate Nov 2023 attempt. The CA Intermediate registrations for the Nov 2023 attempt are open till March 1, 2023.

However, students who couldn’t clear the Foundation exams must apply for the next attempt i.e., May 2023. They can submit the CA Foundation exam form for the May 2023 attempt from Feb 3 to Feb 24, 2023.

icai new scheme 2023

ICAI New Scheme for 2023 Exams

After ICAI proposed the ICAI New Scheme for 2023 exams, many changes have been made in Education and Training of the CA Course. There are a total of three levels in the CA Course and these levels include CA Foundation course, CA Inter course and CA Final course. A few sections have been removed, few have been merged and few new changes have been introduced in the ICAI New Scheme for 2023 exams. 

Scroll further to have a detailed understanding of the new scheme proposed by ICAI for 2023 exams in the CA Syllabus.

Details of ICAI CA New Scheme

Changes made in the ICAI new exam pattern are mentioned below. Students are advised to go through all the changes carefully and be aware of the requirements before starting their preparations.

  • 2 Subjects have been removed from the CA Foundation level.
  • CA Intermediate level now has 6 papers, divided into two groups.
  • CA Final level has 6 papers, again divided into two groups.
  • Articleship period has been reduced to 2 years, from 3 years.

ICAI CA Foundation New Syllabus and Old Syllabus- Difference

Highlights Proposed Changes by ICAI  Old CA Foundation Syllabus
Eligibility Compulsory for students to have passed the 10th board No exact number of attempts restricting  the CA Foundation course.
Validity 4 years Validity Previously, there was no exact limitation to the CA Foundation registration validity.
Registration  No cut-off dates for CA Foundation registration. Cut off dates like January 1 or July 1 for CA Foundation Level

CA Foundation New Syllabus 2023

The changes that have been proposed in the ICAI new scheme of education and training, are mentioned below:

  • The new scheme has reduced 6 subjects and 4 papers to 4 subjects and 4 papers. These subjects have been removed.
  1. Business Correspondence & Reporting
  2. Business & Commercial Knowledge
  • A negative marking of .25 for every wrong answer. Previously there was no such negative marking.
  • Now, the students have to score at least 50% to pass the Foundation level.

Vsmart Academy, has got your back if you are an individual aspiring to start CA Foundation exam preparations.

ICAI New Scheme 2023- CA Intermediate Level

CA Intermediate New Course Scheme CA Intermediate Old Course Scheme
No changes in the Eligibility criteria Students who have passed CA Foundation and 12th board are eligible to appear in this level
CA Inter registration validity- 5 years

(Charges on re-validation)

Re-validation allowed just once

Validity of Registration- 4 years 
Direct Entry Route – Mandatory 8 months study period 8 months study period for Foundation Route

Compulsory practical training of 9 months for Direct Entry Route

CA Intermediate Exam New Syllabus 2023

Key highlights of the ICAI CA Inter New Syllabus:

  • 2 subjects have been removed from the CA Inter new syllabus.
  • Paper 1 and 5 are now merged into “Advanced Accounting”.
  • “Enterprise Information Systems” is removed.
  • “Economics for Finance” is no longer included in paper 8.
  • Remaining part is included in paper 6, in the name of “Financial Management and Strategic Management”.
  • Paper 2 of CA intermediate will be only about the “Companies Act”.
  • In the ICAI new scheme 2023, there will be 2 groups of three papers in the CA Intermediate Syllabus. 
  • Business Law is now a part of the CA Foundation Level syllabus. 

ICAI New Scheme Exemptions and Passing Criteria (CA Intermediate Level)

CA Intermediate exemptions and passing criteria are mentioned below. 

30% MCQ questions for all the papers of CA Intermediate exam.

  • ICAI will be entertaining the exempted papers of CA Intermediate as permanently passed, after the new scheme. But students have to clear the rest of the papers with 50% marks individually.
  • Negative marking of .25.
  • If a student scores 60% in one or more papers in a single attempt, exemption of papers for immediate next three attempts is allowed in the intermediate level of CA. 
  • Students can surrender the exempted papers only after three attempts.

CA Articleship Changes in the new Scheme of ICAI, 2023

  • The CA Articleship duration has reduced to 2 years, from 3 years.
  • Students must have at least 1 year of experience in a CA firm.

Changes in the CA Final Course in the New Scheme of ICAI

  • Students have to clear the four sets of self paced modules to sit for the CA Final exam. These sets are divided as SET A, SET B, SET C and SET D. All these sets include the following subjects:
    1. Economic Laws(Compulsory set)
    2. Strategic Cost Management and performance evaluation(Compulsory set)
    3. Specialization Elective
    4. Incorporating multidisciplinary approach envisaged in NEP,2020
    5. Now, take a look at the key highlights of CA Final Syllabus changes proposed by ICAI:
      Categories  CA Final Level ICAI New Scheme CA Final Level Old Scheme
      Eligibility for Admission  Same as the previous course structure of CA Final level.  Students who have passed both groups of CA Inter exam and completed integrated course on information technology and soft skills
      Registration Validity 10 year validity (Re-validation permitted but with prescribed fee) No particular restrictions 
      Eligibility for Exam 
      • Completed advanced ICITISS course 
      • Completed six months after the practical training
      • Qualified the four self paced online modules
      Completed advanced ICITISS course and 2.5 years of practical training 
      • According to the CA Final new scheme, students have to score more than 50% in each module. 
      • Both the compulsory papers have been deleted from CA Final old course. 
      • In the remaining sets, students can choose their respective topics and then take their preparations forward. 
      • CA Final papers have been reduced from 6 papers from 6 papers, in the CA Final syllabus.
      • Subjects in paper 4 and 5 will be removed and added in self paced modules as compulsory sets.
      • Elective subjects like “Risk Management” and “Financial services” are now included in the Set C of self paced modules.

      In the new CA Final exam pattern, papers will have 30% MCQ based questions and there will be negative marking on every wrong answer. There was no negative marking in the previous scheme of CA but the newly proposed scheme has got negative marking which might be bad news for Aspirants. Students should not be intimidated by the results, as no matter what changes are proposed, if you are well prepared then nothing can stop you from achieving success. 

 

CA Inter May 2023 Exam Date

As the ICAI is the conducting body for all the exams of CA, the official dates for CA Inter May 2023 exam dates are to be declared  on their official website. Given below are the credentials related to the CA Inter May 2023 Exam. This Blog includes everything according to ICAI’s last year schedule of the CA Inter Exam. You will get an idea of the CA Inter study plan for may 2023, CA Inter syllabus for may 2023,dates of CA Inter admit card,CA Inter May 2023 registration date and the CA Inter exam time table. 

Time Table for CA Inter May 2023

According to exam dates of 2022, the exam dates are supposed to be announced between May 2-17, 2023. Listed below are the estimated CA Intermediate exam dates for May 2023.

PAPERS CA Inter May 2023 Subjects CA Inter Exam Dates 2023(Tentative dates)
GROUP 1 Accounting May 2, 2023
PAPER 1
PAPER 2 Corporate Laws and Other Laws May 4, 2023
PAPER 3 Cost Accounting and Financial Management May 6, 2023
PAPER 4 Taxation May 8, 2023
GROUP 2
PAPER 5 Advanced Accounting May 10, 2023
PAPER 6 Auditing and Assurance May 12, 2023
PAPER 7 Information Technology and Strategic Management  May 15, 2023
PAPER 8 Financial Management and Economics for Finance May 17, 2023

 Check out complete ICAI CA syllabus and subjects for CA Foundation, Inter and Final Exams for the year 2023.

Timings for CA Inter May 2023

The students should have an idea about the exam duration so that they can start practicing the last year’s question papers and try to solve them in that particular time limit. Have a look at the exam duration and timing according to last year’s CA Inter May time table by ICAI. 

CA Intermediate exam duration: 3 Hours

CA Intermediate exam timing: 2PM- 5PM

ICAI CA Inter Registration May 2023

It is very important that the aspiring students going to sit for the CA Iter Exam 2023 be aware of the registration dates as well as the last dates. Last date for the CA Intermediate 2023 exam, according to last year’s schedule, should be around September 2023.Hence the registration for May 2023 exam is already gone. 

 

The last date to register for the November 2023 exam is March 1, 2023.  Students should positively fill out the registration forms before the last date.

CA Inter Registration Fees for May 2023

Given below is the CA Intermediate exam form fees/ CA Inter Registration fees details for both Indian students and Foreign students. 

GROUPS Indian Students Foreign Students
CA Inter both Groups ₹2,700 $500
CA Inter One Group  ₹1,500 $325

CA Inter Admit Card for May 2023

ICAI issues the CA Intermediate Admit card 14 days prior to the exams. It is mandatory for the students to carry the hard copy of this admit card to the exam hall. The information mentioned in the admit card includes credentials like: 

  • Candidates name
  • Centre name 
  • Candidate’s roll number
  • Centre’s address
  • Guardian’s name
  • Candidate’s signature
  • Invigilator’s signature

This information is very necessary for candidates to appear in the exam and thus students have to download it from the ICAI portal. Students can keep a track of the ICAI website and remember to get the hardcopy of CA Inter Admit Card positively. 

CA Inter Nov 2022 Results

Students get the CA Intermediate results only after two months of giving the last exam. Hence, the CA Intermediate results of Nov 2022 are mostly going to be released in the first half of January 2023.

Now that you are well acquainted with the CA Inter exam dates and other important dates related to it, it is time to start the preparations with the best CA inter study material for May 2023. Vsmart has got your back in these grounds. Get going on your preparation journey right away and visit the website for further details. 

The CA Inter May 2023 exam might start from May 2, 4, 6, 8, 10, 12, 15 and 17, 2022 (tentative).

ICAI is to release the CA Inter exam dates, Students are supposed to visit the official website for further information.

Fees for Indian students-₹2,700 and fees for Foreign students- $500.

The last date to register for the CA Intermediate May 2023 exams was Sept 1, 2022.

ca syllabus

Complete ICAI CA Syllabus and Subjects for Foundation, Inter and Final Exams for the year 2023

Candidates preparing for the highly competitive CA examinations should be well aware of the CA syllabus beforehand. The Institute of Chartered Accountants of India (ICAI) conducts the CA exams every year. The university grants commission(UGC), which is a statutory body by the Government of India has declared the CA course as similar to that of a postgraduate degree.
Here is a detailed CA syllabus by Vsmart Academy for the aspirants so that they can have an adequate knowledge of subjects in the CA syllabus, before the commencement of classes.

CA Course Highlights:

Course Name Chartered Accountant
Course structure
  • Foundation level
  • Intermediate level
  • Final level
Course type Certificate course
Course duration 5 years
Total number of Papers
  • CA foundation- 4 papers
  • CA Intermediate- 8 papers
  • CA Final- 8 papers

 Minimum Eligibility criteria to apply for CA examinations:

  • It is mandatory for all candidates to have passed the 10th and 10+2 from any recognised board.
  • Candidates in commerce field must have at least 55% and in case of belonging to any other stream, a minimum of 60% is required.
  • There is no age limit as such to appear for the CA exams.

 

 

CA Foundation Subjects:

CA foundation is the stepping stone for an aspiring chartered accountant. The candidate must know of the horizon he/she is stepping towards.

CA Foundation subjects for the  exams include:

                    Subjects                  Total Marks
Principles and practices of accounting                         100
Business Law & Business Correspondence and Reporting

  • Business law(60 marks)
  • Business correspondence and reporting(40 marks)
                        100
Business Mathematics and Logical Reasoning & Statistics

  • Business mathematics(40 marks)
  • Logical reasoning (20 marks)
  • Statistics (40 marks)
                        100
Business Economics & Business and Commercial Knowledge                         100

 

CA Foundation Syllabus 2023:

A candidate must secure 40%  in order to pass the CA foundation exams. The Paper 1 ( principles and practices of accounting) includes these below mentioned subjects:

1.Theoretical Framework
2.Accounting Process
3.Preparation of Trial Balance
4.Rectification of Errors etc,
5.Bank Reconciliation Statements
6.Inventories
7.Concepts and Accounting for Depreciation
8.Accounting for Special Transactions
9.Final Accounts of Sole Proprietors
10.Partnership Accounts
11.Financial Statements of Not-For Profit Organizations.
12.Introduction to the Company Accounts
13.Basic Accounting Ratios.

 

Paper 2 (business law & business correspondence and reporting)

This paper is divided into two parts, carrying 60 marks and 40 marks respectively.

PART 1           Communication
PART 2
  • Sentence types( direct, indirect, active, passive speech)  
  • Word power( vocabulary root words, synonyms, antonyms, prefixes, suffixes, phrasal verbs, collocations and idioms)
PART 3
  • Comprehension passages 
  • Note making
PART 4 Developing writing skills:

  • Introduction to basic writing
  • Precise writing
  • Article writing
  • Report writing
  • Resume writing
  • Formal letters
  • Formal mails
  • Meetings 

 

Paper 3 – Business Mathematics and Logical Reasoning and Statistics:

The third paper mainly tests the logical intelligence of every candidate. It has again been divided into three parts:

Section A Section B Section C
Ratio and Proportion, Indices and Logarithms Number series, Coding and Decoding and odd man out. Statistical description of Data
Equations and Matrices Direction Tests Measures of Central tendency and Dispersion
Linear Inequalities with Objective Functions and Optimization w.r.t. objective function. Seating Arrangements Probability
Time value of Money Blood Relations Theoretical Distributions
Permutations and Combinations Syllogism Correlation and Regression
Sequence and Series Index Numbers and Time Series
Sets, Relations, and Functions
Basic applications of Differential and Integral calculus

 

Paper 4 – Business Economics & Business and Commercial Knowledge

The paper 4 has again been divided into two parts, namely section A and Section B:

Section A Section B
Introduction to Business Economics Business and Commercial Knowledge – An Introduction
Theory of Demand and Supply Business Environment
Theory of Production and Cost Business Organizations
Price Determination in Different Markets Government Policies for Business Growth
Business Cycles Organizations Facilitating Business
Common Business Terminologies

 

The CA Intermediate Subjects:

 The CA Intermediate exam  is the second level to crack the CA exams. It carries 8 subjects and is divided into two groups with each containing four subjects. In order to reach the final level, it is necessary for the aspirants to clear the intermediate level. The candidate is provided with a duration of 8 months to complete these subjects. The CA Inter subjects are:

PAPERS SUBJECTS TOTAL MARKS
PAPER 1 Accounting 100 marks
PAPER 2 Corporate laws and  other laws 100 marks
PAPER 3 Cost and management accounting 100 marks
PAPER 4 taxation 100 marks
PAPER 5 Advanced accounting 100 marks
PAPER 6 Auditing and assurance 100 marks
PAPER 7 Enterprise information system and strategic management 100 marks
PAPER 8 Financial management and economics for finance 100 marks

 

The CA Intermediate Syllabus:

After getting the overview about the CA Inter Subjects it’s time to get a detailed knowledge regarding the syllabus. Here is a detailed CA syllabus for better understanding of CA Inter subjects :

Paper 1 – Accounting:

SL. NO TOPIC
1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
3. Application of Accounting Standards
4. Company Accounts
5. Accounting for Special Transactions
6. Special Type of Accounting
7. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.

Paper 2 – Corporate and Other Laws :

SECTION A SECTION B
Preliminary The Indian Contract Act, 1872
Incorporation of Company and Matters Incidental thereto The Negotiable Instruments Act, 1881
Prospectus and Allotment of Securities The General Clauses Act, 1897
Share Capital and Debentures Interpretation of Statutes.
Acceptance of Deposits by companies
Registration of Charges
Management and Administration
Declaration and Payment of Dividend
Accounts of Companies
Audit and Auditors

Paper 3- Cost and management accounting :

SL. NO. TOPICS
1. Overview of Cost and Management Accounting:
Introduction to Cost and Management Accounting.
Elements of cost and preparation of cost sheets.
2. Ascertainment of Cost and Cost Accounting System:

  1. Material Cost
  2. Employee Cost
  3. Direct Expenses
  4. Overheads
  5. Concept of ABC analysis
3. Methods of Costing :

  1. Single Output/ Unit Costing
  2. Job Costing
  3. Batch Costing
  4. Process / Operation Costing
  5. Costing of Service Sectors
4. Cost Control and Analysis:

  1. Standard Costing
  2. Marginal Costing
  3. Budget and Budgetary control.

 

 

Paper 4- Taxation

SECTION A SECTION B
Basic concepts Concept of indirect taxes
Residential status and scope of total income Concept and features of indirect taxes
Income which do not form part of the total income Principal indirect taxes
Heads of Income and computation of Income  Goods and Services Tax (GST) Laws
Income of other person’s included in assessee’s total income GST Laws: An introduction including Constitutional aspects
Aggregation of Income, Set off or Carry forward and set off of losses. Levy and collection of CGST and IGST
Deduction from the Gross Total Income Application of CGST / IGST law
Deduction from the Gross Total Income Concept of supply including composite and mixed supplies
Advance Tax, Tax deduction at source and Introduction to Tax Collection at Source Charge of tax
Provisions for filing return of Income and Self Assessment Exemption from tax
Composition levy 

 

This paper also includes:

  1. The Basic concepts of time and value of supply:
  • Input tax credit
  • Computation of GST liability
  • Registration
  1. Tax invoice; Credit and Debit Notes; Electronic way bill
  2.  Returns

Paper 5- Advanced accounting:

SL.NO. TOPICS
1. Application of Accounting Standards.
2. Application of Guidance Notes issued by the ICAI on specific accounting aspects.
3. Special aspects of Company Accounts.
4. Reorganization of Companies.
5. Financial Reporting of Banking, Financial Services and Insurance
6. Valuation of Goodwill.
7. Consolidated Financial Statements.

Paper 6 – Auditing and Assurance:

SL.NO. TOPICS
1. Nature, Objective, and Scope of Audit.

  • Auditing Concepts.
  • Standard Setting  Process.
  • Engagement Standards
2. Audit Strategy, Audit Planning, and Audit Programme.
3. Audit Documentation and Audit Evidence
4. Risk Assessment and Internal Control.

 

5. Fraud and Responsibilities of an Auditor in this regard.
6. Audit in an Automated Environment.
7. Audit Sampling.
8. Analytical Procedures.
9. Audit of Items of Financial Statements.
10. The Company Audit
11. Audit Report
12. Audit of Banks
13. Audit of Different types of Entities.

 

Paper 7 – Enterprise Information Systems and Strategic Management:

SECTION A SECTION B
Automated Business Processes Introduction to Strategic Management.
Financial and Accounting Systems. Strategic Management Process
Information Systems and its Components. Dynamics of Competitive Strategy.
E-Commerce, M-Commerce and Emerging Technologies. Strategic Management Process.
Core Banking Systems. Corporate level strategies.
Organization and Strategic Leadership
Strategy Implementation and Control.

Paper 8 – Financial Management and Economics for Finance

SECTION A SECTION B
Financial Management and Financial Analysis:

  • Introduction to the Financial Management Functions
  • Financial Analysis through Ratios
Determination of National Income
Financing Decisions:

  • Sources of Finance
  • Lease Financing
  • Cost of Capital
  • Capital Structure Decisions
  • Leverages
Public Finance
Capital Investment and Dividend Decisions:

  • Capital Investment Decisions
  • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
  • Dividend Decisions
The Money Market
Management of Working Capital The International trade

The whole CA intermediate exam has a total of 800 marks. When compared to the CA foundation exams, the intermediate level is one scale higher in the difficulty range. 

CA FINAL Subjects:

Students can appear for the final CA exams only after completing 2.5 years of articleship in the final level. The exams are conducted twice a year. CA final syllabus is divided into two groups, comprising eight papers each. The CA Final Subjects are as follows

Total number of Papers CA Final Subjects Total Marks
Paper 1 Financial Reporting 100
Paper 2 Strategic Financial Management 100
Paper 3 Advanced Auditing and Professional Ethics 100
Paper 4 Corporate Laws and other Economic Laws 100
Paper 5 Strategic Cost Management and Performance Evaluation 100
Paper 6 Elective Paper 100
Paper 7 Direct Tax Laws 100
Paper 8 Indirect Tax Laws 100

 

CA Final Syllabus:

PAPER 1 PAPER 2
Application of Guidance Notes issued by the ICAI on Specified Accounting Aspects. Financial Policy and Corporate Strategy.
Framework for the preparation and presentation of Financial Statements Indian Financial System.
Application of Indian Accounting Standards (IND AS). Risk Management.
Consolidated and Separate Financial Statements (as per IND AS) Security Analysis.
Application of Industry-specific and Transaction-specific Indian Accounting Standards. Security Valuation
Business Combinations and Accounting for Corporate Restructuring/ Demerger  Portfolio Management.
Accounting and Reporting of Financial Instruments (As per IND AS). Securitization
Accounting for Share-Based Payments Mutual Funds
Analysis of Financial Statements. Derivatives Analysis and Valuation
Accounting for Carbon Credits Foreign Exchange Exposure and Risk Management.
Accounting for E-Commerce International Financial Management
Emerging trends in Reporting. Interest Rate Risk Management
Corporate Valuation
Mergers, Acquisition and Corporate Restructuring.
International Financial Center (IFC).
Startup Finance
Small and Medium Enterprises

Paper 3: Advanced Auditing and Professional Ethics:

SL.NO. TOPICS
1. Auditing Standards, Statements and Guidance Notes
2. Audit Planning, Strategy and Execution.
3. Risk Assessment and Internal Control
4. Special Aspects of Auditing in an Automated Environment.
5. Audit of Limited Companies.
6. Audit Reports.
7. Audit Reports and Certificates for Special Purpose Engagements.
8. Audit Committee and Corporate Governance.
9. Audit of Consolidated Financial Statements.
10. Special Features of audit of Banks, Insurance and Non Banking Financial Companies.
11. Audit under Fiscal Laws.
12. Special Audit Assignments.
13. Audit of Public Sector Undertakings.
14. Liabilities of Auditors.
15. Internal Audit, Management and Operational Audit.
16. Due Diligence, Investigation and Forensic Audit.
17. Peer Review and Quality Review.
18. Professional Ethics.

Paper 4: Corporate and Economic Laws

SECTION – A  

This paper aims at testing the candidate’s ability to apply laws in practical situations.

  1. Includes Appointment and Qualification of Directors.
  2. Appointment and Remuneration of Managerial Personnel.
  3. Meetings of Board and its Powers.
  4. Inspection, Inquiry and Investigation.
  5. Compromises, Amalgamations and Arrangements.
  6. Prevention of Oppression and Mismanagement.
  7. Winding Up.
  8. Producer Companies.
  9. Companies incorporated outside India.
  10. Miscellaneous Provisions.
  11. Compounding of Offenses, Adjudication and Special Courts.
  12. National Company Law Tribunal and Appellate Tribunal.

SECTION – B :
1.The Securities Contract (Regulation) Act, 1956 and Securities Contract (Regulation) Rules, 1957. Introduction and Important Provisions.

2.The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009 and SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.

PART – 2 ECONOMIC LAWS

Concerned topics:

  1. The Foreign Exchange Management Act, 1999.
  2. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
  3. The Prevention of Money Laundering Act, 2002.
  4. Foreign Contribution Regulation Act, 2010.
  5. The Arbitration and Conciliation Act, 1996.
  6. The Insolvency and Bankruptcy Code, 2016.

Paper 5: Strategic Cost Management and Performance Evaluation

  • Strategic Cost  Management and Decision Making.

1.Strategic Cost Management
2.Strategic Decision Making

  • Performance Evaluation and Control.
    Performance Evaluation and Reporting.
  • Managerial Control.
  • Case Studies (Covering course Concepts)

PART – 1 STRATEGIC COST MANAGEMENT AND DECISION MAKING

SECTION – A    Introduction to Strategic Cost Management.

  • Modern Business Environment.
  • Learn System and Innovation.
  • Cost Management Techniques.
  • Cost Management for Specific Sectors.

SECTION – B

  • Decision Making
  • Pricing Strategies / Decisions

PART – 2

SECTION – A     

  1. Performance Measurement and Evaluation
  2. Divisional Transfer Pricing
  3. Strategic Analysis of Operating Income.

SECTION – B  

  1. Budgetary Control
  2. Standard Costing

SECTION – C

This section covers basic course concepts.

Paper 6: Elective Paper

Candidates are welcome to select any desired elective in this paper.

  1. 6A Risk Management, 
  2. 6B Financial Services, and Capital Markets, 
  3. 6C International Taxation, 
  4. 6D Economic Laws, 
  5. 6E Global Financial Reporting Standards, 
  6. 6F Multi-disciplinary Case Study

PAPER – 6A   RISK MANAGEMENT

Businesses face a lot of risks in their long run. This particular section helps the candidates to learn various techniques to handle such risky situations or avoid them altogether. The covered topics in this paper are:

  1. Introduction to Risk
  2. Source and Evaluation of Risks.
  3. Risk Management.
  4. Quantitative Analysis
  5. Risk Model
  6. Credit Risk Measurement and Management.
  7. Risk Associated with Corporate Governance.
  8. Enterprise Risk Management.
  9. Operational Risk Management.

PAPER – 6B:

  1. Global Financial Markets
  2. Impact of Various policies of Financial Markets
  3. Capital Market – Primary
  4. Capital Market – Secondary
  5. Money Market
  6. Institutions and Intermediaries
  7. Commodity Market
  8. A. Banking Management
  9. Banking as a source of capital including NBFCs
  10. Mutual Funds
  11. Private Equity
  12. Investment Banking
  13. Credit Rating
  14. Treasury Operations
  15. Risk Management
  16. Credit Derivatives
  17. SEBI Guidelines

 Topics covered in SFM and law:

  1. Securitization
  2. Fixed Income Securities (Valuation of Bonds/ Debentures)
  3. Derivatives
  4. Interest Rate Risk
  5. The Securities and Exchange Board of India Act, 1992
  6. Legislative framework on listing agreements
  7. The Securities Contract (Regulation) Act, 1956
  8. Chapter III-D of the RBI Act, 1934

PAPER – 6C INTERNATIONAL TAXATION:

Two divide sections:

  1. Taxation of International Transactions and Non- Resident Taxation in India
  2. Other aspects of International Taxation

SECTION – A  :

Transfer Pricing Provisions under the INCOME TAX Act, 1961.

  1. Arm’s Length Price
  2. International Transactions

 Most Appropriate Method

  1. Functions, Assets and Risk Analysis
  2. Documentation & Compliances
  3. Specific Reporting Regime in respect of Country by Country reporting and master file

 Advance Pricing Agreements

  1. Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
  1. Non-resident Taxation (including Source Rule of Taxation)
  2. Double Taxation Relief

 Advance Rulings:

  1. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.

SECTION – B   

Covered topics:

Overview of Model Tax Conventions.

  1. OECD Model Tax Convention
  2. UN Model Tax Convention

 US Model Tax Convention

  1. Tax treaties, Application, and Interpretation
  2. Features of Tax treaties
  3. Overview of Tax Information Exchange Agreements

 Commentaries and their importance:

  1. Role of Vienna Convention in application and interpretation of tax treaties
  2. Anti Avoidance Measures
  3. Controlled Foreign Corporations
  4. Base Erosion and Profit Shifting

Other Anti Avoidance Measures:

  1. Taxation of E-Commerce Transactions
  2. Introduction
  3. Emerging issues
  4.  Equalization levy:

PAPER – 6D :

    World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism

  1. Competition Act, 2002 and Rules/ Regulations
  2. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
  3. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
  4. Prevention of Money Laundering Act, 2002 and Rules/ Regulations
  5. Foreign Exchange Management Act, 1999 and Rules/ Regulations
  6. Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

PAPER – 6E   Conceptual Framework for Financial Reporting as per IFRS – 10 Marks

  1. Application of International Financial Reporting Standards – 70 Marks
  2. Significant differences between IFRS and US GAAPs – 20 Marks

PAPER – 6F     

  1. Financial Accounting and Reporting
  2. Audit and Assurance
  3. Taxation
  4. Finance and Financial Management
  5. Management Accounting
  6. Corporate Laws
  7. Business Strategy and Management

Paper 7: Direct Tax Laws & International Taxation:

SECTION – A:

  1. Special provisions relating to companies and certain persons other than a company
  2. Provisions relating to charitable and religious trusts and institutions, political parties and electoral trusts
  3. Tax Planning, Tax Avoidance & Tax Evasion
  4. Collection & Recovery of Tax, Refunds
  5. Income-tax Authorities, Procedure for assessment, Appeals and Revision
  6. Settlement of Tax Cases, Penalties, Offenses & Prosecution
  7. Liability in Special Cases
  8. Miscellaneous Provisions and Other Provisions

SECTION – B        

  1. The provisions under the Income-tax Act, 1961, including
  2. Specific provisions relating to Non-residents
  3. Double Taxation Relief
  4. Transfer Pricing & Other Anti-Avoidance Measures
  5. Advance Rulings
  6. Equalization levy
  7. Overview of Model Tax Conventions – OECD & UN
  8. Application and interpretation of Tax Treaties
  9. Fundamentals of Base Erosion and Profit Shifting

Paper 8: Indirect Tax Laws:

  1. Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017
  2. Constitutional aspects
  3. Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy

 Place of supply

  1. Time and Value of supply
  2. Input tax credit
  3. Computation of GST liability

vii. Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work

  •  Provisions relating to electronic commerce:
  1. Liability to pay in certain cases
  2. Administration of GST; Assessment and Audit
  3. Inspection, Search, Seizure and Arrest
  •  Demand and Recovery
  •  Offenses and Penalties
  •  Advance Ruling
  • Appeals and Revision
  • Other provisions

Section B:

  1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
  2. Introduction to customs law including Constitutional aspects
  3. Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable

the event, a charge of customs duty, exceptions to levy of customs duty, exemption from custom duty

  • Types of customs duties:
  1. Classification and valuation of imported and export goods
  2. Officers of Customs; Appointment of customs ports, airports etc.
  3. Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores
  •  Provisions relating to coastal goods and vessels carrying coastal goods
  • Warehousing
  1. Drawback
  2. Demand and Recovery; Refund
  3. Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods
  • Searches, seizure and arrest; Offenses; Penalties; Confiscation and Prosecution
  •  Appeals and Revision; Advance Rulings; Settlement Commission
  •  Other provisions
  •  Foreign Trade Policy to the extent relevant to the indirect tax laws
  • Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP.

FTP and other related provisions:

  1. Basic concepts relating to import and export of goods
  1. Basic concepts relating to export promotion schemes provided under FTP

CONCLUSION:

When it comes to cracking all the three levels of CA, it has been marked and noted that a lot of students give up mid way. Chartered accountants are well paid and this is an extremely prestigious course. If given proper guidance along with hard work, sky’s the limit and anyone can break through this rigid exam. So, never give up and hang in there until you achieve success!

 levels: Foundation , intermediate and Final level

 CA Foundation syllabus includes Principles and Practice of Accounting, Business Laws & Correspondence and Reporting, Mathematics, Logical Reasoning and Statistics and Business Economics and Commercial Knowledge.

 The CA syllabus for the ICAI Intermediate level consists of Accounting, Business Laws, Ethics and Communication, Cost Accounting and Financial Management, Taxation, Advanced Accounting, Auditing and Assurance, Information Technology and Strategic Management and Financial Management, and Economics for Finance.

The ICAI CA syllabus for the Final level consists of Financial Reporting, Strategic Financial Management, Advanced Auditing, and Professional Ethics, Corporate and Economic Laws, Strategic Cost Management and Performance Evaluation, Risk Management, Financial Services and Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards, Multidisciplinary Case Study, Direct Tax Laws, and International Taxation and Indirect Tax Laws.

The CA syllabus is vast and contains many complex topics but it is not entirely impossible to crack the CA Foundation exam in 1st attempt.

The changes proposed by the ICAI in the CA Intermediate subjects are: Paper 1 and 5 are merged into one, and one paper is – Advanced Accounting. Enterprise Information Systems is removed from paper 7, and Economics for Finance is removed from paper 8.

Complete CA Syllabus and Subjects for Foundation, Inter and Final Exams For the Year 2022

Candidates preparing for the highly competitive CA examinations should be well aware of the syllabus beforehand. The institute of chartered accountants of India(ICAI) conducts the CA exams every year. The university grants commission(UGC), which is a statutory body by the Government of India has declared the CA course as similar to that of a postgraduate degree.

Here is a detailed CA syllabus by Vsmart Academy for the aspirants so that they can have an adequate knowledge of subjects in the CA syllabus, before the commencement of classes.

CA Course Highlights:

Course Name Chartered Accountant
Course structure
  • Foundation level
  • Intermediate level
  • Final level
Course type Certificate course
Course duration 5 years
Total number of Papers
  • CA foundation- 4 papers
  • CA Intermediate- 8 papers
  • CA Final- 8 papers

Minimum Eligibility criteria to apply for CA examinations

  • It is mandatory for all candidates to have passed the 10th and 10+2 from any recognised board.
  • Candidates in commerce field must have at least 55% and in case of belonging to any other stream, a minimum of 60% is required.
  • There is no age limit as such to appear for the CA exams.

CA Foundation Subjects

CA foundation is the stepping stone for an aspiring chartered accountant. The candidate must know of the horizon he/she is stepping towards.

Subjects in the CA foundation exams include:

                    Subjects                  Total Marks
Principles and practices of accounting                         100
Business Law & Business Correspondence and Reporting

  • Business law(60 marks)
  • Business correspondence and reporting(40 marks)
                        100
Business Mathematics and Logical Reasoning & Statistics

  • Business mathematics(40 marks)
  • Logical reasoning (20 marks)
  • Statistics (40 marks)
                        100
Business Economics & Business and Commercial Knowledge                         100

CA Foundation Syllabus

A candidate must secure 40%  in order to pass the CA foundation exams.

 Paper 1 ( principles and practices of accounting) includes these below-mentioned subjects:

  1. Theoretical Framework
  2. Accounting Process
  3. Preparation of Trial Balance
  4. Rectification of Errors etc,
  5. Bank Reconciliation Statements
  6.  Inventories
  7.  Concepts and Accounting for Depreciation
  8. Accounting for Special Transactions
  9. Final Accounts of Sole Proprietors
  10. Partnership Accounts
  11. Financial Statements of Not-For Profit Organizations
  12. Introduction to the Company Accounts
  13. Basic Accounting Ratios

This paper is divided into two parts, carrying 60 marks and 40 marks respectively.

PART 1  Communication
PART 2
  • Sentence types( direct, indirect, active, passive speech)  
  • Word power( vocabulary root words, synonyms, antonyms, prefixes, suffixes, phrasal verbs, collocations and idioms)
PART 3
  • Comprehension passages 
  • Note making
PART 4  Developing writing skills:

  • Introduction to basic writing
  • Precise writing
  • Article writing
  • Report writing
  • Resume writing
  • Formal letters
  • Formal mails
  • Meetings 

The third paper mainly tests the logical intelligence of every candidate. It has again been divided into three parts:

Section A Section B Section C
Ratio and Proportion, Indices and Logarithms Number series, Coding and Decoding and odd man out. Statistical description of Data
Equations and Matrices Direction Tests Measures of Central tendency and Dispersion
Linear Inequalities with Objective Functions and Optimization w.r.t. objective function. Seating Arrangements Probability
Time value of Money Blood Relations Theoretical Distributions
Permutations and Combinations Syllogism Correlation and Regression
Sequence and Series Index Numbers and Time Series
Sets, Relations, and Functions
Basic applications of Differential and Integral calculus

The paper 4 has again been divided into two parts, namely section A and Section B:

Section A Section B
Introduction to Business Economics Business and Commercial Knowledge – An Introduction
Theory of Demand and Supply Business Environment
Theory of Production and Cost Business Organizations
Price Determination in Different Markets Government Policies for Business Growth
Business Cycles Organizations Facilitating Business
Common Business Terminologies

The CA Intermediate Subject

The CA Intermediate exam  is the second level to crack the CA exams. It carries 8 subjects and is divided into two groups with each containing four subjects. In order to reach the final level, it is necessary for the aspirants to clear the intermediate level. The candidate is provided with a duration of 8 months to complete these subjects. These subjects are:

                    Subjects                  Total Marks
Principles and practices of accounting                         100
Business Law & Business Correspondence and Reporting

  • Business law(60 marks)
  • Business correspondence and reporting(40 marks)
                        100
Business Mathematics and Logical Reasoning & Statistics

  • Business mathematics(40 marks)
  • Logical reasoning (20 marks)
  • Statistics (40 marks)
                        100
Business Economics & Business and Commercial Knowledge                         100

The CA Intermediate Syllabus

After getting the overview about the CA Inter Subjects it’s time to get a detailed knowledge regarding the syllabus.

Here is a detailed syllabus for better understanding of CA Inter subjects :

SL. NO TOPIC
1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
3. Application of Accounting Standards
4. Company Accounts
5. Accounting for Special Transactions
6. Special Type of Accounting
7. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.
SL. NO TOPIC
1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
3. Application of Accounting Standards
4. Company Accounts
5. Accounting for Special Transactions
6. Special Type of Accounting
7. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.
SECTION A SECTION B
Preliminary The Indian Contract Act, 1872
Incorporation of Company and Matters Incidental thereto The Negotiable Instruments Act, 1881
Prospectus and Allotment of Securities The General Clauses Act, 1897
Share Capital and Debentures Interpretation of Statutes.
Acceptance of Deposits by companies
Registration of Charges
Management and Administration
Declaration and Payment of Dividend
Accounts of Companies
Audit and Auditors

 

SL. NO. TOPICS
1.
  • Overview of Cost and Management Accounting: 
  1. Introduction to Cost and Management Accounting.
  2. Elements of cost and preparation of cost sheets.
2.
  • Ascertainment of Cost and Cost Accounting System:
  1. Material Cost
  2. Employee Cost
  3. Direct Expenses
  4. Overheads
  5. Concept of ABC analysis
3.
  • Methods of Costing :
  1. Single Output/ Unit Costing
  2. Job Costing
  3. Batch Costing
  4. Process / Operation Costing
  5. Costing of Service Sectors
4.
  • Cost Control and Analysis:
  1. Standard Costing
  2. Marginal Costing
  3. Budget and Budgetary control.
SECTION A SECTION B
Basic concepts Concept of indirect taxes
Residential status and scope of total income Concept and features of indirect taxes
Income which do not form part of the total income Principal indirect taxes
Heads of Income and computation of Income  Goods and Services Tax (GST) Laws
Income of other person’s included in assessee’s total income GST Laws: An introduction including Constitutional aspects
Aggregation of Income, Set off or Carry forward and set off of losses. Levy and collection of CGST and IGST
Deduction from the Gross Total Income Application of CGST / IGST law
Deduction from the Gross Total Income Concept of supply including composite and mixed supplies
Advance Tax, Tax deduction at source and Introduction to Tax Collection at Source Charge of tax
Provisions for filing return of Income and Self Assessment Exemption from tax
Composition levy 

 This paper also includes:

  1. The Basic concepts of time and value of supply:
  • Input tax credit
  • Computation of GST liability
  • Registration

 

  1. Tax invoice; Credit and Debit Notes; Electronic way bill
  2.  Returns
SL.NO. TOPICS
1. Application of Accounting Standards.
2. Application of Guidance Notes issued by the ICAI on specific accounting aspects.
3. Special aspects of Company Accounts.
4. Reorganization of Companies.
5. Financial Reporting of Banking, Financial Services and Insurance
6. Valuation of Goodwill.
7. Consolidated Financial Statements.
SL.NO. TOPICS
1. Nature, Objective, and Scope of Audit.

  • Auditing Concepts.
  • Standard Setting  Process.
  • Engagement Standards
2. Audit Strategy, Audit Planning, and Audit Programme.
3. Audit Documentation and Audit Evidence
4. Risk Assessment and Internal Control.
5. Fraud and Responsibilities of an Auditor in this regard.
6. Audit in an Automated Environment.
7. Audit Sampling.
8. Analytical Procedures.
9. Audit of Items of Financial Statements.
10. The Company Audit
11. Audit Report
12. Audit of Banks
13. Audit of Different types of Entities.
SECTION A SECTION B
Automated Business Processes Introduction to Strategic Management.
Financial and Accounting Systems. Strategic Management Process
Information Systems and its Components. Dynamics of Competitive Strategy.
E-Commerce, M-Commerce and Emerging Technologies. Strategic Management Process.
Core Banking Systems. Corporate level strategies.
Organization and Strategic Leadership
Strategy Implementation and Control.
SECTION A SECTION B
Financial Management and Financial Analysis:

  • Introduction to the Financial Management Functions
  • Financial Analysis through Ratios
Determination of National Income
Financing Decisions:

  • Sources of Finance
  • Lease Financing
  • Cost of Capital
  • Capital Structure Decisions
  • Leverages
Public Finance
Capital Investment and Dividend Decisions:

  • Capital Investment Decisions
  • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
  • Dividend Decisions
The Money Market
Management of Working Capital The International trade

The whole CA intermediate exam has a total of 800 marks. When compared to the CA foundation exams, the intermediate level is one scale higher in the difficulty range.

CA FINAL Subjects

Students can appear for the final CA exams only after completing 2.5 years of article ship in the final level. The exams are conducted twice a year. CA final syllabus is divided into two groups, comprising eight papers each. The subjects are as follows:

Total number of Papers CA Final Subjects Total Marks
Paper 1 Financial Reporting 100
Paper 2 Strategic Financial Management 100
Paper 3 Advanced Auditing and Professional Ethics 100
Paper 4 Corporate Laws and other Economic Laws 100
Paper 5 Strategic Cost Management and Performance Evaluation 100
Paper 6 Elective Paper 100
Paper 7 Direct Tax Laws 100
Paper 8 Indirect Tax Laws 100

CA Final Syllabus:

PAPER 1 PAPER 2
Application of Guidance Notes issued by the ICAI on Specified Accounting Aspects. Financial Policy and Corporate Strategy.
Framework for the preparation and presentation of Financial Statements Indian Financial System.
Application of Indian Accounting Standards (IND AS). Risk Management.
Consolidated and Separate Financial Statements (as per IND AS) Security Analysis.
Application of Industry-specific and Transaction-specific Indian Accounting Standards. Security Valuation
Business Combinations and Accounting for Corporate Restructuring/ Demerger  Portfolio Management.
Accounting and Reporting of Financial Instruments (As per IND AS). Securitization
Accounting for Share-Based Payments Mutual Funds
Analysis of Financial Statements. Derivatives Analysis and Valuation
Accounting for Carbon Credits Foreign Exchange Exposure and Risk Management.
Accounting for E-Commerce International Financial Management
Emerging trends in Reporting. Interest Rate Risk Management
Corporate Valuation
Mergers, Acquisition and Corporate Restructuring.
International Financial Center (IFC).
Startup Finance
Small and Medium Enterprises
SL.NO. TOPICS
1. Auditing Standards, Statements and Guidance Notes
2. Audit Planning, Strategy and Execution.
3. Risk Assessment and Internal Control
4. Special Aspects of Auditing in an Automated Environment.
5. Audit of Limited Companies.
6. Audit Reports.
7. Audit Reports and Certificates for Special Purpose Engagements.
8. Audit Committee and Corporate Governance.
9. Audit of Consolidated Financial Statements.
10. Special Features of audit of Banks, Insurance and Non Banking Financial Companies.
11. Audit under Fiscal Laws.
12. Special Audit Assignments.
13. Audit of Public Sector Undertakings.
14. Liabilities of Auditors.
15. Internal Audit, Management and Operational Audit.
16. Due Diligence, Investigation and Forensic Audit.
17. Peer Review and Quality Review.
18. Professional Ethics.

PART – 1    CORPORATE LAWS

SECTION – A  

This paper aims at testing the candidate’s ability to apply laws in practical situations.

  1. Includes Appointment and Qualification of Directors.
  2. Appointment and Remuneration of Managerial Personnel.
  3. Meetings of Board and its Powers.
  4. Inspection, Inquiry and Investigation.
  5. Compromises, Amalgamations and Arrangements.
  6. Prevention of Oppression and Mismanagement.
  7. Winding Up.
  8. Producer Companies.
  9. Companies incorporated outside India.
  10. Miscellaneous Provisions.
  11. Compounding of Offenses, Adjudication and Special Courts.
  12. National Company Law Tribunal and Appellate Tribunal.

SECTION – B :

  •    The Securities Contract (Regulation) Act, 1956 and Securities Contract (Regulation) Rules, 1957. Introduction and Important Provisions.
  1. The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009 and SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.

PART – 2     ECONOMIC LAWS

Concerned topics:

  1. The Foreign Exchange Management Act, 1999.
  2. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
  3. The Prevention of Money Laundering Act, 2002.
  4. Foreign Contribution Regulation Act, 2010.
  5. The Arbitration and Conciliation Act, 1996.
  6. The Insolvency and Bankruptcy Code, 2016.
  • Strategic Cost  Management and Decision Making.

      1. Strategic Cost Management

  1. Strategic Decision Making
  • Performance Evaluation and Control.
  1. Performance Evaluation and Reporting.
  2. Managerial Control.

PART – 1     STRATEGIC COST MANAGEMENT AND DECISION MAKING

SECTION – A    

  1. Introduction to Strategic Cost Management.
  2. Modern Business Environment.
  3. Learn System and Innovation.
  4. Cost Management Techniques.
  5. Cost Management for Specific Sectors.

SECTION – B  

  1. Decision Making
  2. Pricing Strategies / Decisions

PART – 2    

SECTION – A     

  1. Performance Measurement and Evaluation
  2. Divisional Transfer Pricing
  3. Strategic Analysis of Operating Income.

SECTION – B  

  1. Budgetary Control
  2. Standard Costing

SECTION – C 

This section covers basic course concepts.

  • Case Studies (Covering course Concepts)

Candidates are welcome to select any desired elective in this paper.

  1. 6A Risk Management, 
  2. 6B Financial Services, and Capital Markets, 
  3. 6C International Taxation, 
  4. 6D Economic Laws, 
  5. 6E Global Financial Reporting Standards, 
  6. 6F Multi-disciplinary Case Study

PAPER – 6B:

  1. Global Financial Markets
  2. Impact of Various policies of Financial Markets
  3. Capital Market – Primary
  4. Capital Market – Secondary
  5. Money Market
  6. Institutions and Intermediaries
  7. Commodity Market
  8. A. Banking Management
  9. Banking as a source of capital including NBFCs
  10. Mutual Funds
  11. Private Equity
  12. Investment Banking
  13. Credit Rating
  14. Treasury Operations
  15. Risk Management
  16. Credit Derivatives
  17. SEBI Guidelines

 Topics covered in SFM and law:

  1. Securitization
  2. Fixed Income Securities (Valuation of Bonds/ Debentures)
  3. Derivatives
  4. Interest Rate Risk
  5. The Securities and Exchange Board of India Act, 1992
  6. Legislative framework on listing agreements
  7. The Securities Contract (Regulation) Act, 1956
  8. Chapter III-D of the RBI Act, 1934

PAPER – 6C    INTERNATIONAL TAXATION:

Two divide sections:

  1. Taxation of International Transactions and Non- Resident Taxation in India
  2. Other aspects of International Taxation

SECTION – A  :

Transfer Pricing Provisions under the INCOME TAX Act, 1961.

  1. Arm’s Length Price
  2. International Transactions

 Most Appropriate Method

  1. Functions, Assets and Risk Analysis
  2. Documentation & Compliances
  3. Specific Reporting Regime in respect of Country by Country reporting and master file

 Advance Pricing Agreements

  1. Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
  1. Non-resident Taxation (including Source Rule of Taxation)
  2. Double Taxation Relief

 Advance Rulings:

  1. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.

SECTION – B   

Covered topics:

Overview of Model Tax Conventions.

  1. OECD Model Tax Convention
  2. UN Model Tax Convention

 US Model Tax Convention

  1. Tax treaties, Application, and Interpretation
  2. Features of Tax treaties
  3. Overview of Tax Information Exchange Agreements

 Commentaries and their importance:

  1. Role of Vienna Convention in application and interpretation of tax treaties
  2. Anti Avoidance Measures
  3. Controlled Foreign Corporations
  4. Base Erosion and Profit Shifting

Other Anti-Avoidance Measures:

  1. Taxation of E-Commerce Transactions
  2. Introduction
  3. Emerging issues
  4.  Equalization levy:

PAPER – 6D :

    World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism

  1. Competition Act, 2002 and Rules/ Regulations
  2. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
  3. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
  4. Prevention of Money Laundering Act, 2002 and Rules/ Regulations
  5. Foreign Exchange Management Act, 1999 and Rules/ Regulations
  6. Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

PAPER – 6E   Conceptual Framework for Financial Reporting as per IFRS – 10 Marks

  1. Application of International Financial Reporting Standards – 70 Marks
  2. Significant differences between IFRS and US GAAPs – 20 Marks

PAPER – 6F     

  1. Financial Accounting and Reporting
  2. Audit and Assurance
  3. Taxation
  4. Finance and Financial Management
  5. Management Accounting
  6. Corporate Laws
  7. Business Strategy and Management

SECTION – A:

  1. Special provisions relating to companies and certain persons other than a company
  2. Provisions relating to charitable and religious trusts and institutions, political parties and electoral trusts
  3. Tax Planning, Tax Avoidance & Tax Evasion
  4. Collection & Recovery of Tax, Refunds
  5. Income-tax Authorities, Procedure for assessment, Appeals and Revision
  6. Settlement of Tax Cases, Penalties, Offenses & Prosecution
  7. Liability in Special Cases
  8. Miscellaneous Provisions and Other Provisions

SECTION – B        

  1. The provisions under the Income-tax Act, 1961, including
  2. Specific provisions relating to Non-residents
  3. Double Taxation Relief
  4. Transfer Pricing & Other Anti-Avoidance Measures
  5. Advance Rulings
  6. Equalization levy
  7. Overview of Model Tax Conventions – OECD & UN
  8. Application and interpretation of Tax Treaties
  9. Fundamentals of Base Erosion and Profit Shifting
  1. Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017
  2. Constitutional aspects
  3. Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy

 Place of supply

  1. Time and Value of supply
  2. Input tax credit
  3. Computation of GST liability

vii. Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work

  •  Provisions relating to electronic commerce:
  1. Liability to pay in certain cases
  2. Administration of GST; Assessment and Audit
  3. Inspection, Search, Seizure and Arrest

 

  •  Demand and Recovery
  •  Offenses and Penalties
  •  Advance Ruling
  • Appeals and Revision
  • Other provisions

Section B:

  1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
  2. Introduction to customs law including Constitutional aspects
  3. Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable

the event, a charge of customs duty, exceptions to levy of customs duty, exemption from custom duty

  • Types of customs duties:
  1. Classification and valuation of imported and export goods
  2. Officers of Customs; Appointment of customs ports, airports etc.
  3. Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores
  •  Provisions relating to coastal goods and vessels carrying coastal goods
  • Warehousing
  1. Drawback
  2. Demand and Recovery; Refund
  3. Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods
  • Searches, seizure and arrest; Offenses; Penalties; Confiscation and Prosecution
  •  Appeals and Revision; Advance Rulings; Settlement Commission
  •  Other provisions
  •  Foreign Trade Policy to the extent relevant to the indirect tax laws
  • Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of

FTP and other related provisions:

  1. Basic concepts relating to import and export of goods
  1. Basic concepts relating to export promotion schemes provided under FTP

CONCLUSION

When it comes to cracking all the three levels of CA, it has been marked and noted that a lot of students give up mid way. Chartered accountants are well paid and this is an extremely prestigious course. If given proper guidance along with hard work, sky’s the limit and anyone can break through this rigid exam. So, never give up and hang in there until you achieve success!

Incase of more such updates, visit us at V-Smart Academy.

CA Exemption Rules for Inter and Final Exams by ICAI

An exemption is a way out for many students facing the CA Intermediate and Final exams. The exemption is the situation in which if a student fails in a subject but scores above 60% or more marks in another subject, then they will be exempted from the passing subject and will attend only the ones they have failed. It is only applicable for 3 subjects. There are several CA exemption rules by ICAI that you should be aware of before facing the CA intermediate and final exams. This article will be your guide and answer all your questions regarding the same. 

CA Exemption Rules for CA Intermediate and CA Final

Following are the rules when it comes to CA Intermediate and CA Final Exemption:

  1. A candidate is eligible for exemption only if they have scored a minimum of 60% or more in a paper or papers.
  2. Candidates must have appeared for all papers of CA Intermediate or Final accordingly.
  3. An exemption is valid only for 3 exams.
  4. A candidate is declared to pass if they have scored a minimum of 40% in each subject and aggregate added up to be 50%. This includes the subject the paper candidate has achieved exemption in a previous attempt.
  5. One cannot claim exemption again in a particular group/ unit until the previous exemption is exhausted.

Exemption Criteria

When it comes to the CA exemption rules, the criteria are the same for CA intermediate course as well as CA Final Course. It is according to these criteria that decide your eligibility for exemption.

The following criteria for exemption in CA Inter and Foundation are based on regulation 38 A of the Chartered Accountants Regulation, 1988 as Published by Notification No. 1-CA(7)/51/2000 dated 14th August 2001.

  1. The candidate should be present for all papers.
  2. Candidates should score at least 60% on any paper(s) of the same group.
  3. A candidate can then attempt for those papers or any particular paper in that group in which they have scored below 60%.
  4. If candidates score a minimum of 40% in each subject and have a 50% aggregate with 60 marks in their previous exams, only then are they declared to pass.
  5. Candidates have to specifically mention the exemption subjects. 
  6. The exemption is valid only for the next three attempts.

Implications of CA Exemption Criteria

The above criteria must be met. For that, you have to implement the below conditions:

  1. You have to ensure that you appear for all papers
  2. You have to score at least 60% in one of the papers of the same group in which you have failed in the paper(s).
  3. An exemption is automatically carried forward for the next 3 attempts.
  4. It is only valid for 3 immediately succeeding papers.
  5. If you have scored a minimum of 40% in each paper of the group, then you shall be declared a pass in that group.

Procedure for availing of CA Exemption

There is no specific procedure for availing exemption, but the following points are necessary for you to know about.

  1. The exemption is automatically granted by ICAI to a student appearing in CA Inter or CA Final Exams. The same would be mentioned on the mark sheet awarded to students.
  2. A student isn’t eligible for another exemption until the previously awarded exemption is exhausted.
  3. Foe-exempted students, “#” is used against the subjects in which they had scored a minimum of 60%.
  4. “E” will be marked against the already exempted papers that have been carried forward from the previous examination, provided the exemption is still valid.

Maximum No. of Exemption in CA Intermediate and CA Final Exams

According to the CA Exemption rules, there is no maximum limit to the number of exemptions that can be availed by a student. It only states the fact that a student isn’t eligible for exemption until the previously awarded exemption is exhausted.

Ending Note

Be aware of all the necessities mentioned by the ICAI in their CA Exemption Rules, as it will save you a lot of time and prevent you from making unnecessary mistakes. Please understand that you get enough chances to clear out the examination but ensure you are putting efforts to clear them well.

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