What is Direct Tax in India | Types | Advantages | Parag Gupta Classes

Direct Tax in India

In this article you”ll learn what is Direct Tax and Advantages of Direct Tax

A Direct Tax wherever the impact and therefore the incidence been equivalent class is outlined as a right away Tax. The direct tax is paid directly by the organization or a person to the entity that has obligatory the payment. The tax should be paid on to the govt and can’t be paid to anyone else.
The Central Board of Direct Taxes (C.B.D.T) oversees direct taxation in Bharat.

The CBDT was shaped as a result of the Central Board of Revenue Act, 1924. The department is accountable for overseeing the revenue enhancement laws and could be aa part of the Department of Revenue within the Ministry of Finance. The Central Board of Direct Taxes conjointly provides suggestions and inputs for the design and handling of all direct taxes in India.

What are the types of Direct Taxes?

The various types of direct taxes that are obligatory in India mentioned below:
Income Tax: betting associate in Nursing individual’s age and earnings, revenue enhancement should be paid. numerous tax slabs are determined by the govt of India that determines the number of revenue enhancement that has got to be paid. The payer should file revenue enhancement Returns (I.T.R) on a yearly basis. people might receive a refund or might need to pay a tax betting on their I.T.R. vast penalties are levied just in case people don’t file their I.T.R.

Wealth Tax: The tax should be paid on a yearly basis and depends on the possession of properties and therefore the value of the property. just in case personal owns a property, wealth tax should be paid Associate in Nursing doesn’t rely upon whether or not the property generates a financial gain or not.

Corporate taxpayers
: Hindu Undivided Families (HUFs), and people should pay wealth tax betting on their residential standing. Payment of wealth tax is exempt for assets like gold deposit bonds, stock holdings, house property, business property that are rented for quite three hundred days, and if the house property is owned for business and skilled use.

  • Estate Tax: it’s conjointly referred to as death tax and is paid supported the worth of the estate or the cash that a person has left once his/her death.
  • Corporate Tax: Domestic corporations, except for shareholders, caught to pay company tax. Foreign companies would Health Organization build Associate in Nursing financial gain in Bharat also will pay company tax. financial gain attained via commerce assets, technical service fees, dividends, royalties, or interest that primarily based in India are nonexempt. The below-mentioned taxes also are enclosed below company  Tax:
  • Securities group action Tax (S.T.T): The tax should be got any financial gain that attained via security transactions that are nonexempt.
  • Dividend Distribution Tax (DDT): just in case any domestic corporations declare, distribute, or are paid any amounts as dividends by shareholders, insect powder is levied on them. However, insect powder isn’t levied on foreign corporations.
  • Fringe advantages Tax: corporations that offer fringe advantages for maids, drivers, etc., Fringe advantages Tax is levied on them.
  • Minimum Alternate Tax (MAT): For zero-tax corporations that have accounts ready in keeping with the businesses, MAT is levied on them.
  • Capital Gains Tax: it’s a style of revenue enhancement that’s paid because of the financial gain that attained from the sale of assets or investments. Investments in farms, bonds, shares, businesses, art, and residential return below capital assets supported its holding amount, tax is classified into long-run and short. Any assets, except for securities, that sold-out at intervals thirty-six months from the time they were non-heritable return below short gains. long-run assets are levied if any financial gain is generated from the sale of properties that are command for a length of quite thirty-six months.
direct taxes
direct taxes

Advantages of Direct Tax

What are the advantages of Direct Taxes in India?
The main blessings of Direct Taxes in the Asian nation are mentioned below:

  • Economic associated Social balance: the govt. of Asian nation has launched well-balanced tax slabs looking on an individual’s earnings and age. The tax slabs also are determined to support the economic scenario of the country. Exemptions are also place in situation order that all financial gain inequalities are balanced out.
  • Productivity: As there’s a growth within the range of individuals agency work and community, the returns from direct taxes additionally will increase. Therefore, direct taxes are thought-about to be terribly productive.
    Inflation is curbed: Tax is exaggerated by the govt. throughout inflation. the rise in taxes reduces the need for product and services, that results in inflation to compress.
  • Certainty: thanks to the presence of direct taxes, there’s a way of certainty from the govt.and also the payer the quantity, the number} that has got to be paid and also the amount that has got to be collected is thought by the payer and also the government, severally.
  • Distribution of wealth is equal: Higher taxes are charged by the govt. to the people or organizations that may afford them. This more money is employed to assist the poor and lower societies in the Asian nation.
    Even though there are some disadvantages, direct taxes play an awfully necessary role in India’s economy. If these taxes are brought into impact suitably, they may play a large role in sustaining value levels and to forestall inflation.

To know more about Direct Tax read more: CA. Satish Mangal


What is Financial Management ?

Financial Management

What is Financial Management?

Welcome to the session on understanding Financial Management…

Financial Management

let’s start with an example – let’s assume we are going to start a business when you start a business you should have an idea you should decide what are the assets that are required then you should be in a position to estimate.

what is the total cost of those assets so only if you have these two you will be able to start the business that is you should know.

what are the assets required then the cost but this alone is not sufficient, if you want to run the business on daily basis you should know, what is the cash required, So now you have a fair idea about the cash required for starting a business and running a business?

Then, What you should do you should identify sources that are sources have to be tapped for funding your business assets and funding your working capital these sources can be from the owner’s pockets that are it can be owners funds or it can also be from outside whether you raise the money from owners pockets or outsiders.

What you have to ensure is the cost of these funds are as low as possible only then the profits of the business will be at its maximum so we can say financial management is mainly concerned with financing the business, I mean arranging funds so that those funds can be allocated in an effective manner for asset creation for working capital purposes and all these are done with an intention to maximize the profit for the owners, So we can say financial management is concerned with financing decisions.

All location decisions and profit distribution we call it as dividend decision so to put it in a nutshell financial management is concerned with financing decisional location of funds and the good at the decision.

The Types of Financial Management      

1.            Capital budget management:- Capital budgeting is the planning procedure used to decide if a company fixed assets, For example, the new plant, new machinery. Numerous formal strategies are utilized in capital budgeting for example profitability index, payback period.

2.            Capital structure management:- In corporate finance capital structure manner in which a company finances through a mix of debt or equity securities. Debt financing comes as a bond issue, while equity comes from retained earnings or as a stock.

3.            Working capital management:- Working capital management of an organization refers to managing bookkeeping methodology and accounting strategies intended to keep track of current assets, current liabilities.

The objective of Financial Management

Financial control is one of the functional regions of business. Therefore, its targets must be constant with the overall objectives of the business. The overall goal of financial management is to provide maximum go back to the proprietors on their funding inside the long- term.

This is known as wealth maximization. Maximization of owners’ wealth is possible when the capital invested first of all will increase over a duration of time. Wealth maximization approach maximizing the market price of an investment in shares of the company.

A wealth of shareholders = Number of shares held ×Market price per share.

The function of Financial Management

1. Estimating the Financial Amount of Capital Required:

This is the foremost function of the financial manager. Business firms require capital for:

(i) purchase of fixed assets,

(ii) meeting working capital requirements, and

(iii) modernization and expansion of the business.

The financial manager makes estimates of funds required for both the short-term and long-term.

2. Deciding Capital Structure: The capital structure refers to the kind and proportion of the different securities for raising funds. After deciding on the quantum of funds required it should be determined which type of security should be built. Financing fixed securities through long-term debts may be wise. Long-term funds should be employed to finance working capital also. The decision about various sources of funds should be linked to the cost of raising funds. If the cost of raising funds is high, then such sources may not be useful.

3. Ascertains capital composition: Once the estimation of capital requirement has been made with the best effort, the capital structure of the enterprise has to be decided. This involves the analysis of short- term and long- term debt-equity. This will depend on the proportion of possessed equity capital a company and other additional funds that have to be raised from outside parties through borrowing.

4. INVESTMENT DECISIONS- Investment decisions involve the utilization/application of funds in the right mix of projects and fixed assets to maximize the returns for the organization. There are various techniques used like Net Present Value, Internal Rate of Return, and Payback Period, etc.

5. Management of cash: The finance manager has to make decisions with regards to cash management. Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintenance of enough stock, purchase of raw materials, etc.

6. Financial controls: The finance manager has not only to plan, procure and utilize the funds but he also has to exercise control over finances. This can be done through many techniques like ratio analysis, financial forecasting, cost and profit control, etc.

 7. Investment of funds: The finance manager has to decide to allocate funds into profitable ventures so that there is safety on investment and regular returns are possible.

To know more- Click here

CA Foundation Admit Card

CA Foundation Admit Card

CA Foundation Admit Card

The examinations for the CA Foundation Course are going to come, but you will be able to sit in this exam only when you have the admit card. For your convenience, we have given the link below this page, on which you will be able to download you admit card online. With this, we have explained in detail about the entire process of downloading the admit card in this article, by which you will be able to download your admit card and if there is any problem, you will be able to solve it.

Earlier, ICAI used to send the admit cards to the students through the post but now the ICAI has stopped its process. Now students can download the admit card online only. But students can download they are admitted card at most 3 times only.

After the students download their admit card, first of all, check the information given in your admit card such as your name, registration number, exam location, the medium is there, check the roll number and time table. In any case, if any kind of information is not given or given, then you can contact the ICAI helpline. For your convenience, this helpline facility is being provided to you.

The students’ examinations are near and they need to work hard and practice now. In the last days of the exam, you should prepare yourself with mock tests and previous years’ papers. So that you can understand your shortcomings and prevent yourself from doing so in the final exam.

CA Foundation 2019 Admit Card Download Process –

Admit card of CA Foundation is being given to download, click on it. From this link, you will reach that part of the official website of ICAI from where you can download this admit card.
After this enter your ID and password and log in.
After login, your dashboard will open in which the link to your admit card will be given.
You can download your admit card by clicking on the link. It will also show how many times you have downloaded the admit card. You can download your admit card at most 3 times only.
After downloading the admit card, get the print out of it and keep it.

Admit card in error

If you have selected your medium and exam location in your admit card, which you have come to know after your admit card, then you can get it corrected. For this, a correction window has been opened by ICAI. By which you can get you to admit card mistakes rectified.

Two types of correction windows have been opened by ICAI, out of which one correction window is free where no fees are charged and by depositing 1000 fees on the second correction window, you can rectify your medium and exam center related mistake.

If you feel that your picture and signature are not visible on the admit card, then you have to get your sign and picture verified by a chartered accountant on a letterhead. In that letter, along with these, you have to give the registration number, roll number, medium, month and year of exam, examination center and your address.

You should also keep this verified letter with your admit card at the time of examination.

Apart from this, some more documents should be kept together.

ID proof like Voter ID and PAN card etc.
2 recent photos
ICAI Helpline Number –
We are telling you some numbers by which you can get help for any problem.

Fax Number – 0120-3054841 / 3054843.

We hope you liked this article related to the admit card. And with this information, you will be able to download the admit card. If you want to get any more information, then write in the comment box below.

Evaluation of ICAI qualification by UK NARIC

The Institute of Chartered Accountants of India (ICAI) has always strived for academic and
professional excellence for its key stakeholders, i.e., students and members. With the aim of
expanding the opportunities for Professionals in foreign jurisdictions, the Institute had
engaged UK NARIC (The National Recognition Information Centre for the United Kingdom)
a renowned UK national agency responsible for providing information and expert opinion on
qualifications and skills worldwide, to conduct an independent benchmarking study,
evaluating the comparability of the ICAI Intermediate and Final level in the context of the
UK education systems.
Pursuant to the same, UK NARIC has announced that ICAI qualification is comparable to
RFQ Level 7, Master’s degree standard. The agency has also benchmarked ICAI Intermediate course and final course separately as being comparable to an RQF Level 6, Bachelor degree standard and RQF Level 7, Master’s degree standard respectively.
Speaking on the UK NARIC benchmarking, President ICAI, CA. Prafulla P. Chhajed
remarked that the benchmarking of the CA qualification comparable to RQF Level 7,
Master’s degree standard not only would strengthen the position of ICAI members but would
also, help aspiring Chartered Accountants and even corporates gain a better understanding of
the standing and relevance of the CA qualification.”
He added, “ICAI members abroad are facing difficulty in settling abroad. This evaluation
would help them in deciding the stage of a professional qualification for ICAI members
because they now know that they not only possess a professional qualification of relevance,
but it is also a qualification that is comparable to RQF Level 7, Master’s degree standard.”
ICAI’s Vice President, CA. Atul Kumar Gupta, remarked,“As India is increasingly focusing
on facilitating the export of accountancy services, the promotion of global mobility of
accountancy services in the digital world are one of the important Champion Sector initiatives of
the Government of India; this evaluation would increase the professional avenues for our
members by facilitating recognition of Indian accountancy qualification”.
ICAI Kuwait Chapter Chairman CA Sai Devata applauded the efforts of ICAI President and
Vice President for this remarkable recognition which will enhance the footprint of ICAI
globally. ICAI Kuwait chapter is working closely to sign MOU with Kuwait Accounting and
Auditing Association (KAAA) which will mutually benefit both the associations and
exchange the training, subject related in the areas of accounting and finance domain.

CA Training

CA Training

CA Training

Training in CA course – practical, practical, ICITSS and articles training

Most of the students feel that there is only one CA training course in the form of Articleship. However, apart from articles in the CA course, from time to time different training programs are in the form of ICITSS, AICITSS, and industrial training. In this article today, we will give you complete information about all these training programs, which will prove very useful for the students taking the CA course.

  • CA Training Course
  • ICITSS Training
  • AICITSS Training
  • Artcileship Training
  • Industrial Training (optional)

ICITSS Training in CA Course

This first training program in CA course is named ICITSS (Integrated Course on Information Technology and Soft Skills). Under this course, information technology training and Orientation Traning each have 15 days training.

CA Training time

Students can start ICITSS training program after registering for CA Intermediate course and before applying for the articles.

The motive behind providing ICITSS training to CA students is to mold future accountant chartered accountants into a true professional by nurturing their skills in various fields as well as their honesty and transparency in various fields. Is

ICITSS Training fees

The fee for the Information Technology Traning has been set at 6500. And the fee for Orientation training has been fixed at Rs 7000. In this fee-only, students will have the facility of course-related material and tea breakfast during training.

Articleship Traning in CA course

Students who are doing Chartered Accountancy course should also be ready for 3 years of Articleship Training. The real purpose of 3 years of articleship in the CA Training course is to prepare CA students as experienced, well-informed and professional.

When will it start

Students coming from the general route can apply for registration in articleship after passing both groups or one group of CA Intermediate. But before starting the articleship, they must also complete the training program of ICITSS.

However, students who came from direct recruitment after doing Graduation or Post Graduation can apply for articleship with registration in CA Intermediate and after completing ICITSS training program.

Students who are entering the CA course from the direct recruitment route after passing the Intermediate of ICSI and ICWA course to take admission in CA Training course must also pass a group of CA Intermediate or both to apply for the articleship. And also have to complete ICITSS training.

AICITSS Training in CA Course

The CA Training course incorporates advanced information technology, management and communication skills in a 15-day program under AICITSS (Advanced Information Technology Soft Skill Integrated Course).

The basic objective behind the training in AICITSS in CA course is to sharpen the hands-on and presentation skills of the students, develop their mutual and leadership skills, by making them understand the business environment and prepare the students for CA or other jobs.

When will this training begin

The training of AICITSS is done during the last 2 years of practical training. But it is necessary to complete it before the final exam. Students can start this training only when they are qualified to take the final exam.


The fee for advance information technology training has been fixed at Rs 7500 and for management and skill skills at Rs 7000 per student. In this fee, students will have the facility of tea breakfast during the course material and training.

Industrial CA Training Course

Industrial training is completely optional for students in the CA course. And it is entirely up to you whether you want to do it or not. CA has started this training so that industries can get good chartered accountants. Those from an industrial background and understand about it well. Therefore, this training program has been started for students who want to pursue a career in the industrial sector after becoming CA.

When does CA training start

CA students can apply for Industrial Traning after passing the CA Intermediate Course and completing the final year Practical Traning. According to the guidelines of ICAI, you will have to give this information to the principal for 3 months before starting this training.

Students can do this 9 months and a maximum of 12 months of industrial training with final year Practical Traning.

Students desirous of industrial training can get themselves registered as members of the institute. An associate who has been a member for a continuous period of at least 3 years can train an industrial trainee. In addition, they can simultaneously train one or two trainees who have been appointed as Article Assistant and Audit Assistant.

CA Foundation Registration

ca foundation registration

CA Foundation Registration

For the registration of CA Foundation Registration, you can apply online by visiting the official website of The Institute Chartered Accountant of India (ICAI). To know about CA Foundation Registration, we have explained everything in detail in this article. First of all, you have to register by visiting the official website of the Institute of Chartered Accountants. Apart from this, there are many questions in the mind of students who are registering for Charted Accountant such as what is CA Registration Fees, what is the ca foundation registration process, what documents will be required for CA Registration. Also what is ca foundation Registration ki registration fees? If you have similar questions in your mind, do not worry, today we will answer all these questions in this article.

Today, a large number of commerce students apply for CA’s entrance test every year to the CA Foundation for the coveted post of CA. It is a tough exam and to pass it, students have to prepare for the CA Foundation Syllabus in full capacity as well as qualification.

CA Foundation examination is an entrance exam for CA which has been replaced by ICAI instead of CPT. CA Foundation Examination is held every year in May and November, along with CA Intermediate and CA Final.

Last date for registration of CA Foundation last date

Last date for exam registration:
November 2019 30 June 2019
May 2020 31 December 2019

After registration, if you are not able to clear this CA exam, then there is no need to register to take the CA Foundation exam next time. The registration made by you is valid for 3 years. According to this, you can take the exam 6 times. And even after 3 years, you can renew again by paying Rs 300.

You can apply for CA Foundation after 12th, for which the Central Government has established an independent body. The most important thing about this exam is that there is no age limit, that is, you can register to become a CA at any age, with this there is no provision for any kind of reservation for pass score and campus placement. That further enhances its reputation.

For the CA Foundation examination, you have to apply 4 months in advance. This is 4 months to study. Accordingly, in 2019, the last date of registration for the application was kept 30 June.

CA Foundation Registration Process for CA Foundation

  • To register for CA foundation, you can easily register by visiting the ICAI website. This is an easy process.
  • First of all, open ICIC’s official website www.icai.org.
  • Now click on STUDENT from the many options shown above.
  • Now you will have several options in order, go to Course Registration Forms and click on them.
  • Now go to the Application Form for Registration to Foundation Course and click.
  • Now set your password by putting your complete information name, number, gender, time of birth, etc. on the given form.
  • After filling the form, you will receive an OTP at your given number. Verify it
  • Now a page of the website will open in front of you, in which more information related to you will be asked, which you will have to fill.
  • After filling these details, you will have to upload your required documents.
  • After this, on the next page, you will have options to pay. After payment of this, the system will prepare the form for you, which you will have to submit to the regional office within 7 days along with the relevant document.
  • Documents required for CA Foundation
  • 12th pass certificate from a reputed board
  • To place a color photo on the CA Registration Form
  • Certified copy of the nationality of the country concerned if the student is a foreigner
  • Verified copy if you are SC / ST / OBC or Disabled
  • 10th verified mark sheet in which your name and date of birth and year have been given.
  • After the registration process is complete, your study material will be sent to your registered address.

CA Foundation Registration Fees

Registration Fees in Rs. Fees in USD
Subscription to student’s journal (for one year) (optional) 200 20 USD
Subscription to member journal (for one year) (optional) 400 40 USD
Total 9800 780 USD

     CA Foundation Registration 2019 Latter in CA

ICAI issues registration letters to all the students who have applied for it. This registration letter arrives at your address within 1 month. If for some reason you do not receive it, you can go to the regional office and get information about it.

Know how to download CA Registration Letter Online.
For this, first, go to the official website of ICAI and click on E-Service.
After clicking on the e-services, you will find the reprint letter under Head Members and Students.
There you have to select the type of letter you want to print i.e. registration for CA Foundation course.
After selecting the letter type you have to select the candidate type i.e. student.
Now, you have to enter your registration number and then the date of birth.
After presenting the above details, you can take a print of your letter.
Why is the registration letter required before the exam
ICAI has always been advising that along with your admit card, you

In the absence of the admit card, you can sit in the CA Foundation examination after completing some process through the registration letter.

How to know the status of online registration (CA Foundation)
There are 2 ways to get your CA registration done correctly so that you will be able to know the status of your registration.

In the first way, after registering for CA Foundation, you get a mail with your number and password, which confirms that your registration has been successfully done.

Apart from this, you can check your registration status by going to the registration link. If you can do this easily then it means your registration has been done successfully.

After being registered with CA Foundation, ICAI provides CA Foundation Material to its students in due time. Along with this, 4 months’ time is given to the students to study. For this exam, you must be registered for CA Foundation, otherwise, you will not be able to take this exam.

When do you get the CA Foundation Admit Card

For the CA Foundation examination, students are provided with an application form dead months before the exam. Students can get the admit card by filling this application form online. Admit cards are available online, which can be downloaded and taken at the time of examination. Its result is declared 2 months after the CA Foundation examination. Which you can see by visiting the website.

We hope that from this article you have got all the information related to the registration of CA Foundation. In order to get good results in the CA Foundation course, you need a guide who can guide you properly and use your inner potential to help you succeed. Today, VSI is a recognized name not only in Rajasthan but in the entire country for the preparation of CA. So let’s join VSI and ensure your success. And once you do foundation from VSI, you will not want to go anywhere else to CA and Intermediate.

Frequently Asked Questions

Question 1:- How many attempts CA Foundations?

Answer:- There have only 6 attempts for the CA Foundation Courses.

Question 2:- How to register to CA Foundation?

Answer:- Student goes to ICAI Board of Studies to register with CA Foundation Course

Question 3:- When can I register for CA Foundation?

Answer:- CA foundation Registration 2020

For May Attempt – 31, December 2019

For November Attempt – 31, June 2020

Question 4:- What is the date of the CA Foundation exam?

Answer:- The exam is scheduled to be conducted on May 11, 13, 15, and 17, 2020

Question 5:- What is the CA Foundation Registration Fees?


Registration Fees in Rs. Fees in USD
Subscription to student’s journal (for one year) (optional) 200 20 USD
Subscription to member journal (for one year) (optional) 400 40 USD
Total 9800 780 USD

CA Foundation November 2019

CA foundation

CA Foundation November 2019

CA Foundation November 2019– CA Foundation exam is an entry-level exam for students interested to pursue a career in chartered Accountancy line. CA Foundation Exam is conducted by the Institute of Chartered Accountants of India (ICAI). It is a national level exam which consists of 4 papers. CA Foundation exam was before called a CA – CPT exam.

Candidates are able to make changes to the CA Foundation Nov 2019 application form between September 12 and 16. The last date to fill the November 2019 application form has also been extended to September 12 without late fee and September 15 with a late fee. For candidates of J&K, the last date is September 15 without late fee. ICAI had declared the ICAI result for May 2019 session, in online mode on August 13. The result for May 2019 has been announced for the exam held offline on June 4, 7, 11 and 13.

CA Foundation 2019: Overview

Exam CA Foundation 2019
Conducting Body Institute Of Chartered Accountant Of India (ICAI)
Level of Exam National Level
Frequency Exam Twice a Year ( May and December)
Mode Of Exam Offline
Mode Of Registration Offline
Number Of Papers 4
Basic Eligibility Passed Class 12 or Appearing for Class 12 in Current Year
Exemptions Graduates and Post Graduates or Candidates with Equal Qualification
Official Website icai.org
Mode of exam Pen and paper-base
The medium of exam English/ Hindi (Section B of Paper 2, i.e. Business Correspondence and Reporting will be in English medium only)
Type of question Goal cum descriptive

CA Foundation 2019: Important Dates

CA Foundation 2019: Important Dates
Starting of Application Process First Week of February 2019
Last Date to Apply without Late Fee 4th Week of February 2019
Last Date to Apply with Late Fee First Week of March 2019
Release of Admit card Second Week of April 2019
CA Foundation Exam May 2019
CA Foundation Result Third Week of July 2019

CA Foundation 2019 Eligibility Criteria

Candidates should have passed category 12 from a recognized board of education to be eligible for CA Foundation 2019.

Candidates must have registered for the CA Foundation course with the Board of Studies (Bos) on or before June 30, 2019, for November 2019, or, should have converted to Foundation course with Board of Studies of ICAI on or before September 7, 2019.

CA Foundation 2019 Application Form

The application form for CA Foundation Nov 2019 exam has been released online. No offline application form will be available for the candidates. To submit the form, the candidates need to pay an amount of Rs. 1500/- for Indian centers. The candidates can submit the CA Foundation May 2019 Application Form online or by post as well. The candidates can pay the examination fee for CA Foundation May exam by Online mode.

Application Fee – As per the official notification, the candidates need to pay the following amount for CA Foundation May 2019 exam

Test Center Application Fee
For Indian Center Rs. 1500
For Overseas Centre(s) – Excluding Kathmandu Centre US$ 325
For Kathmandu (Nepal) Centr INR 2200

CA Foundation Registration Fees

Details of Fee For Indian Nationals (Rs) For Foreign Students (USD)
Cost of Foundation Prospectus 200 20
Foundation Registration Fee 9000 700
Subscription for student’s Journal (For One Year ) (Optional) 200 20
Subscription for member’s Journal (For One Year ) (Optional) 400 40
Total 9800 780

CA Foundation 2019 Exam Pattern

Each paper carries 100 marks and the most duration is 3 hours. Paper 3 and paper 4 have the negative marking scheme and 1/4th of the marks will be deducted for every wrong answer.

Candidates must score a least of 40% marks in each paper and a least of 50% marks in total of all the papers to pass the CA Foundation exam.

CA Foundation exam paper :

Paper 1: Principles And Practice Of Accounting (100 Marks)
Paper 2: Business Laws And Business Correspondence
a) Business Laws (60 Marks)
b) Business Correspondence And Reporting (40 Marks)
Paper 3: Business Mathematics, Logical Reasoning, And Statistics
a) Business Mathematics (40 Marks)
b) Logical Reasoning(20 Marks)
c) Statistics (40 Marks)
Paper 4: Business Economics And Business & Commercial Knowledge
a) Business Economics (60 Marks)
b) Business and Commercial Knowledge (40 Marks)

CA Foundation Admit Card

ICAI must release the CA Foundation 2019 admit card online before 14 days of exam conduct. The CA Foundation 2019 admit card will be accessible by entering the registration ID and password. The admit card/ hall ticket contains the candidate’s name, roll number, photograph and signature, exam center, etc. along with important instructions. In case of any discrepancy about the CA Foundation admit card 2019, candidates may contact ICAI Helpline desk. Moreover, it is mandatory for candidates to report at the exam center with their admit card for verification purposes.

CA Foundation Correction Window

The Correction facility has two windows one of which is without fees and another one is with correction fees of Rs 1000/- per application.

Correction Window Facility (with fees)– Under this window, a student can change his/her Center/Medium with the payment of Rs. 1000/- per application. Generally, this window is open for correction up to one week before the exam. But request made immediately before 7 days will not be entertained by the ICAI under any case.

Candidates are also required to carry their registration form at the exam center along with the admit card to avoid any mistakes.

CA Foundation Exam Centres 2019

ICAI is going to conduct CA Foundation June 2019 exam at 193 test cities spread across India. Further, the exam is going to be held at 5 test centers located outside India. The candidates can check the list of CA Foundation May 2019 test centers from the table.

CA Foundation 2019: Overseas centers Kathmandu

Abu Dhabi




CA Foundation Passing Criteria 2019

The passing criteria of CA Foundation 2019 state the least mark that candidates must score to qualify the exam. The passing criteria contain the sectional as well as the percentage given below:

CA Foundation Passing Criteria

Section Required Sectional cutoff for CA Foundation Overall Percentage
Paper 1 40 Marks 50%
Paper 2 40 Marks  
Paper 3 40 Marks  
Paper 4 40 Marks  

CA Foundation Answer Sheet 2019

Candidates who are not satisfied with their result of CA Foundation May 2019 answer sheet can apply for verification of their answer sheet from August 14 till September 12, 2019. The verification fee is Rs. 100 per paper. Moreover, candidates can also apply to get PDF files of their answer sheets. The application fee for the same is Rs. 500 per paper.

For any queries, candidates can contact:

The Joint Secretary (Exams)

The Institute of Chartered Accountants of India

ICAI Bhawan

Indraprastha Marg

New Delhi 110 002

Helpline Telephone Numbers: 0120-3054 851, 3054 852 , 3054 853, 3054 835, 4953751, 4953752, 4953753, 4953754. (Available 10:00 AM to 5:00 PM)