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

May 31, 2020 by studybytech-admin

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.

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

Source

What is Financial Management ?

April 1, 2021April 6, 2020 by Parag

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

Indirect Tax

April 28, 2021September 5, 2019 by Parag

In this article, you’ll learn about Indirect tax, types of Indirect tax and Advantages of Indirect tax.

Indirect Tax in India

Indirect Tax: Charge levied by the State on consumption, expenditure, privilege, or right however not on financial gain or property. Customs duties levied on imports, excise duties on production, excise tax or value-added tax (VAT) at some stage in production-distribution method, are samples of indirect taxes in India.

As a result of Indirect taxes not levied directly on the financial gain of the patron or job holder. Since they are less obvious than taxation (because they do not show abreast of the wage slip) politicians are tempted to extend them to come up with additional state revenue conjointly referred to as consumption taxes, they’re regressive measures as a result of they’ve not supported the power to pay principle. Indirect totally differs from Direct tax.

Types of Indirect taxes

Below mention are some types of Indirect Taxes :

Service tax: This the first and foremost type of Indirect Tax. Service tax is collectible to services provided by the supplier. It’s just like excise duty wherever associate quantity is collectible on a product that square measure factory-made. It’s a sort of revenue enhancement that’s collected by the govt when intense the taxable services provided by travel agents, restaurants, cable suppliers, cab services, etc. Service tax was proclaimed within the year of 1994 as a vicinity of the Finance Act per section sixty-five

Excise duty: This duty is applicable on all merchandise that area unit factory-made in the Asian nation. This tax is due to the makers and sometimes passed on to the purchasers. This tax in the Asian nation is levied by the Central Government and works in keeping with the provisions of the Central Excise Act, 1944.

VAT: Value Added Tax (VAT) is obligatory on the sale of movable merchandise within the nation. The VAT is levied {at all|in the least|the least bit|in the slightest degree|in associate degrees respect} stages of the assembly and channels that embrace an instance of import addition. This tax is levied by the State Governments underneath Entry fifty-four of the State List.

Customs duty: It is one amongst those indirect taxes that area unit applicable for conveyance-foreign merchandise into the country. Insure instance, this duty may be levied on exported merchandise. The Customs Act, 1962 provides lawson the levy and assortment of this duty, import and export procedures, penalties, prohibitions, and offense.

Securities dealing Tax (STT): This tax is obligatory once stocks area unit oversubscribed or purchased through any Indian stock market. STT was introduced in 2004 and is applicable to shares, mutual funds, and future and choices transactions. STT was obligatory to scale back the short capital gains tax and eliminate long-run capital gains tax.

Stamp duty: This is associate degree tax charged by state governments on the transfer of stabile property at intervals their jurisdiction. additionally, tax is obligatory on all sorts of legal documents. Its rates vary from one state to a different.

Entertainment tax: The state governments charge such tax on each dealing associated with amusement. Some examples area unit picture tickets, computer game arcades, stage shows, exhibitions, amusement parks, and sports-related activities

Advantages of Indirect Tax

Below mentioned are some advantages of Indirect tax

Contribution by the poor: The poor folk’s square measure exempt from indirect taxes and this is often the sole manner of reaching this section of the society. This meets the fundamental principle of constructing all and sundry pay towards the expansion of the country through the state governments.

Convenient: Taxpayers don’t seem to be burdened with the indirect taxes as a result of these square measure paid solely whereas creating purchases. what is more, it’s convenient for the state authorities as a result of the taxes square measure directly collected at the factories or the ports, that saves time still as effort.

Easy assortment: The collection of these taxes is mechanically performed throughout the marketing and buying products and services. This helps the authorities collect taxes simply whereas reducing the chance of nonpayment.

Equitable: Indirect tax is directly associated with the costs of the products and services. Therefore, made folks buying luxury things pay higher taxes and the other way around.

Check Our Course – Check Now

Direct Tax in India

March 1, 2021September 4, 2019 by Parag

Direct Tax in India

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

What are the types of Direct Taxes?

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.

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

Articleship in CA and It’s Importance in the Course

April 28, 2021August 28, 2019 by Parag

Articleship in CA and It’s Importance in the Course

This article will make you aware of the importance of Articleship and why you should avoid Dummy Articleship .

You must be aware that Articleship is a mandatory part in the Chartered Accountancy course and if you are reading this article, it’s probable that soon you are going to start your articleship but confused a lot.

Are you confused about whether to join articleship in CA course or go for dummy training? Have you been guided by any of your seniors for joining your articleship?

whether you are afraid of joining the workstation at such a young age when your other friends are going to college and chilling their life with friends? Or are you getting scared from working at late nights, or handling a huge workload?

Or you might be thinking that articleship won’t allow you to score well in your CA Final Exam or you can gain such 3 years of Experience after becoming a Chartered Accountant by joining some CA firm for 3-4 months.

Do you really feel that Articleship in CA is burdensome? Or it can spoil your young age? But have you ever thought that you are pursuing Chartered Accountancy, the most respected profession in the Commerce stream? Only a few students get a chance to commence articles after qualifying its Intermediate level and you have been selected from among such few students.

TOP 4 Best CA Companies in India

Out of these, best CA companies in INDIA or we can say, top 4 CA companies have the highest reputation in which every CA student dreams of working. These best CA companies in India are E&Y, PWC, Deloitte, and KPMG. Most students dream of getting a 3-year article-ship from top CA companies in India and then becoming a CA to get a job in these companies. Every year after the result of CA, a large number of companies hire fresher CAs.

If you are looking for a place where you will get to learn and your knowledge and experience will increase, then this is the best place for you. In these companies, CA salary in India ranges between 7 to 6 lakhs on an average. And after a few years of experience, this firm offers you up to 25 lakhs, but it all depends on your ability and your performance in the company.

Importance of Articleship in CA

Turn Into a True Professional –

3 Years are more than enough which can mold you into a true professional. The moment you become a Chartered Accountant, you will be a fresher CA with 3 years of experience. You not only possess the bookish knowledge but you possess a lot of practical experience.

Experience to Handle the Clients –

Generally, the pass out students of the other courses is very much unaware of the practical world. They know how to do the client’s work but they don’t know how to retain them or how to deal with them. This gets a benefit that as soon as you become CA, you can start your own practice and make your clients.

Help to Answer Case Studies in your Final Paper –

At the CA Final Level, ICAI demands a full-fledged Chartered Accountant who possess theoretical as well as practical knowledge. Hence, some of your papers are based on practical life-based case studies such as Auditing, Taxation, etc. Candidates who have taken their articleship very seriously get it’s a benefit in their CA Final Papers also.

Develops a Professional Attitude –

Our posture, our way to talking with the people, our presence of mind when client is asking some query but we are not aware of such thing, the way we are representing our team in front of the Board of Directors, the way we are handling the deadlines, the way we are handling the multiple tasks, and also the patience level we maintain while handling the tough situations, this all judge our behaviour, our attitude and our personality. Articleship taught us all such things.

Learn to Manage Time –

It has been said that if you can manage your time during articleship, you can manage anything. The schedule of a CA student during their articleship is actually beyond words. A general CA student leaves his home at 6.00 in the morning for coaching, reach sharp 10.00 AM at the office and after working all the day in the office again join the class at 6.00 in the evening as well as spend some time for self-study thereafter.

They have to manage their self-study, coaching, office, audit, meetings, deadlines, work pressure, family time and so many things, and all such at an early age. Hence, if you can manage such things properly, believe that You have learned the management.

Hope this article reduced your confusion to join the Practical Training in Chartered Accountancy. According to the top CA faculties “Articleship is a golden period” in the CA curriculum. Definitely, you have to handle the stress but more than that you will get to learn an infinite number of things. If you like the above content, kindly share your comments and share this to the maximum people so that not even a single student go for dummy articleship and spoil his career even after becoming Chartered Accountant.

CA salary in India

April 24, 2021August 13, 2019 by Parag

CA Salary in India

How much is a CA’s salary? This will depend on his qualifications, ability to work, and his experience. CA salary in India lives between 6 lakh to 30 lakh. If talking about the international level, then this figure goes above about 75 lakhs. In the final year campus placement organized by ICAI, a salary monthly of Rs.7 lakh was offered to each CA. However, many students started their independent practice after working for 2 to 3 years in a company. And if any of them is capable, then there is no limit to the good growth they can achieve. In this article, we will tell you the maximum and minimum CA salary in India?

TOP 4 Best CA Companies in India

If you are looking for a place where you will get to learn and your knowledge and experience will increase, then this is the best place for you. In these companies, CA salary in India ranges between 7 to 6 lakhs on average. And after a few years of experience, this firm offers you up to 25 lakhs, but it all depends on your ability and your performance in the company.

CA Firms

Candidates wishing to start their own work also get good experience working as a fresher CA in these firms. Here, they get to know very well about how to deal with customers and income tax officers. You may be thinking that you have gained such experience even in your writing training, but the scope of an article is always limited. The experience you can gain after becoming a Chartered Accountant may not be possible in your writing training. In such firms, CA’s are between 3 to 8 lakhs.

IT Industry

Large IT sector companies are a good option for new CAs who offer a good package salary with less workload. But as a Chartered Accountant, you do not get much progress in your knowledge and experience.

Public Sector Undertakings

Many public sector undertakings such as BSNL, ONGC, BHEL, HEL also recruit fresher CAs via campus placements. These companies mostly take the candidates whose number is between 55% and 60%. The salary of CA in these companies varies between 7 to 15 lakhs. Salary grows a little slower here but this is also a good option for you.

Countries Which Give Highest salary to Chartered Accountants

There are some countries which provide the highest salary to the Chartered accountant. These countries give this much salary to the Chartered accountant based on their experience, knowledge, and working ability. Chartered accountancy is one of the most respected professions and is also one of the toughest exams in India. So, after all these kinds of handwork, a CA deserves a good salary. Below we have shared some countries which Give the Highest salary to Chartered Accountants.

Countries with Highest salary to Chartered Accountants:-

Unites stated Of America (USA)
Ireland
SWITZERLAND
CANADA
LUXEMBOURG
JAPAN
UNITED STATES
AUSTRALIA
NORWAY
SWEDEN

Above we have given the list of some of the best countries which paid the highest salary to the Chartered accountant on basis of their work ability and experience.

Other Course By Parag Gupta Sir

Parag Gupta Sir is one of the pioneers in the Teaching industry for CA Final Costing and CMA Course is considered as the CA Final Costing Best Teacher in the world of coaching for CA Final Costing New course as well as CA Final Old course Costing. He is always considered as the student’s first recommendation.

Add to Cart

Add To Cart

CMA-Final-Strategic-cost-management-Decision-Making-course

Add To Cart

Chartered Accountant Course

April 19, 2021July 30, 2019 by Parag

Chartered Accountant Course

The Chartered Accountant Course is considered one of the best paying career professionals in the Republic of India. Chartered accounting may be a sensible career choice if you’re curious about subjects like taxation and accounting. The career path to becoming a Chartered Accountant (CA) is difficult but is promising. The complete chartered accounting course length of five years. Thus, if you’re willing to must up a career as an accountant, you must be ready to devote that abundant time to your education.

There is an honest demand for chartered accounting professionals in the Republic of India inside non-public likewise as public organizations. A certified CA is employed to alter the account details of an organization. They additionally ease in finding disputes and preventing bankruptcy. If you’re attending to pursue this career then it’s an improved plan to begin when category ten. Decide the chartered Accountant course details below:

Chartered Accountant Course Details and CA Exams:

CPT (Common Proficiency Test)
IPCC (Integrated skilled competency Course)
FC (Final course) Click here to check IPCC Result

Chartered Accountant Course Eligibility:

Candidates are eligible for accountant CPT registration when category ten, but they’ll be able to seem for it after passing class 12.
Students of commerce, science likewise as the arts stream will apply for CPT.
Students of Commerce stream have to be compelled to secure five hundredth mixture marks in school twelve exams so on be eligible for CPT.
Students of all alternative streams have to be compelled to score a mixture of 55 excluding arithmetic and him together with arithmetic in school twelve board exams.
On clearing the CPT communicates with success, candidates become the member of Republic of Indian chartered Accountants courses or Institute (ICAI) – the communicating and course conducting body for all CA in India.

How to become a CA (Chartered Accountant):

Demand for Accounting Technician Course (ATC):

After clearing the accountant CPT, candidates ought to register for the ATC. A similar will be done when clearing 10+2.

Candidates who have already cleared test or skilled education (Examination-I) or Foundation Examination are going to be eligible to register for ATC.

Candidates WHO had at one time registered for Intermediate/ Intermediate (Professional Competence) program/ skilled Education (Course-II) will register for ATC.

Apply for CA IPCC:

Candidates should have scored a small of one hundred out of two hundred marks in CPT when category twelve so on used for IPCC program.

Registration for IPCC should be done 9 months before the primary day of the month during which the communicating is going to be conducted.

The courses comprise seven subjects, every value one hundred marks. So on clear the course, you may score a least of forty marks in every subject & a mixture of fifty or higher than.

Scoring sixty marks and higher than in any subject can exempt you from reappearing for that exact subject in case you fail the course and arrange to provide the exams once more.

Articles in CA

After clearing the IPCC, you may do an berth of three years below an authorized CA. The Articleship is a chance to find out, but accounting is handled below Chartered Accountant.

CA Final Course:

During the last six months of your 3-year article ship, you’ll seem for the ultimate course exams. Once you have got cleared the ultimate course, you may be awarded the designation of an accountant.

CPT Result

Click here to check CPT result

Chartered Accountant Course Payment and CA Job Prospects:

Chartered Accountant course (CA) is in nice demand inside auditing companies, banks, finance firms, stock broking companies, legal companies, etc. payment choices don’t seem to be bright throughout articles yet will candidates can expect an honest salary when finishing the course.

The average beginning payment of a CA varies from Rs. Four to six large integers every year when finishing the ultimate course. The payment depends on the town and the company you get used to.

CA exams are powerful and also the course long, so, it’s judicious to pursue graduation in conjunction with the program. When category twelve you’ll apply for B. Com program in conjunction with CA courses. Pursuing B. Com can provide you with another choice in case you would like to opt off the CA field. Another advantage is that you will apply for jobs on the premise of your B. Com degree.

Click here to check CA Final Syllabus

CA Course

July 15, 2021July 23, 2019 by Parag

CA Course

In India “CA Course” (Chartered Accountant) is one of the Challenging & Respectful Fields in Accounting.

Chartered accountancy was established in 1854 in Britain. In India, CA Course is coordinated by The ICAI (Indian Chartered Accountants Institute).

Course Details

CPT (Common Proficiency Test)
IPCC (Integrated Professional Competence Course)
FC (Final Course)

CA Course Eligibility

The student is eligible for CA Course CPT Registration after 10th, but they can attempt the CPT exams after Class 12.
Any Stream Student- Arts/Commerce Science can apply for CA Course.
Commerce Student requires a minimum 50% marks in class 12 exam in order to be eligible for CPT.
If Any Student Cleared the CPT, Candidate becomes a member of ICAI.

Source: Wikipedia

CPT (Common Proficiency Test)

CPT is the first level of CA Course.

Syllabus Subjects are-

Fundamentals of Accounting
Mercantile Laws
General Economics
Quantitative Aptitude

After Clearing the CPT Exam, Student Have to enroll for the ATC.

Candidates who had formerly registered for Intermediate/ Intermediate (Professional Competence) program/ Professional Education (Course-II) can enroll for ATC.

IPCC (Integrated Professional Competence Course)

If you apply for IPCC program, so the candidate must have to score at least 100 out of 200 marks in CPT

Registration for IPCC must be done nine months prior to the first day of the month in which the exams will be conducted.

The Total No of Subjects are 7.

You need to get at least 40% marks in each subject.

While pursuing IPCC, Candidate shall complete 35 hours of the orientation program and 100 hours of ITT program (Information Technology Training -ITT MS Office programs, ICAI CA software, Project, Etc.)

IPCC syllabus includes the following subject-

Group 1-

Accounting
Business Laws, Ethics and Communication
Cost Accounting and Financial Management
Taxation

Group 2-

Advanced Accounting
Auditing and Assurance
Information Technology and Strategic Management

Click here to know more about IPCC Result

FC (Final Course)

In the CA Final Course, Practical Knowledge is very important to clear the exams. Due to which, the CA final course includes 3 years of compulsory Practical Training in the firm.

CA Final Course Subjects are-

Group 1-

Financial Reporting
Strategic Financial Management
Advanced Auditing and Professional Ethics
Corporate and Economic laws

Group 2-

Strategic Cost Management & Performance Evaluation
Elective Paper contains certain topics out of which students need to select only 1 topic-Risk Management/International Taxations/ Economic Laws/ Financial Services & Capital Market/ Global Financial Reporting standards/ Multidisciplinary case studies
Direct Tax Laws and International Taxation
Indirect Tax Laws

CA Course Exams:

Exams are conducted group-wise, so ICAI is providing the chance to students to give exams group wise/ both groups together so that students shall get ample time to study an revise the syllabus.

Every year, ICAI conducts exams twice, in the month of May and November.

For any query related to Batches for subject CA Final Costing classes provided by Parag Gupta Sir, feel free to contact us on the following address/phone no./email id. Kindly call us or visit us at the office timings i.e 9:00 a.m to 7:00 p.m (except Sunday and public holiday), we will be happy to help you. Contact Us

Click Here To Register for your FREE Demo Classes

CA Final Syllabus

August 13, 2019July 16, 2019 by Parag

Do you want to know about CA syllabus, or searching for its topics, then you are in the right place, we will give you some information about the final syllabus.

The CA Final Subjects is divided into eight subjects, which are divided into two groups.

Learn:

Each paper of the CA Final has a hundred points in each paper, and in all subjects, you want to get a minimum of four hundred marks and all the CA want to get five hundred points in the combination of CA Final Subjects.

CA Final Online Classes

Download – CA Syllabus

CA Final Subjects

Paper No.	Subjects
Paper 1	Financial Reporting
Paper 2	Strategic Financial Management
Paper 3	Advanced Auditing and Professional Ethics
Paper 4	Corporate and Economic Laws
Paper 5	Strategic Cost Management and Performance Evaluation
Paper 6A	Risk Management
Paper 6B	Financial Services and Capital Markets
Paper 6C	International Taxation
Paper 6D	Economic Laws
Paper 6E	Global Financial Reporting Standards
Paper 6F	Multidisciplinary Case Study
Paper 7	Direct Tax Laws and International Taxation
Paper 8	Indirect Tax Laws

Also Learn:-

CA IPCC Result

December 20, 2019July 16, 2019 by Parag

CA IPCC Result

The Institute of Chartered Accountants of India (ICAI) can declare the much-awaited CA IPCC result for might 2019 communication within the third week of Gregorian calendar month 2019 (tentatively) together with CPT and CA Foundation Result, ICAI organized the examination for CA IPCC within the month of May. currently, you’ll directly check the CA IPCC 2019 Result from this page.

Those students who have received 40% marks in each subject and 50% marks in the total marks of all subjects, will finish the IPCC examination, but the students who are not happy with their exams will either be required for verification. Certificates or certified copies. For further information about the possible reasons for the IPCC, how to obtain the results through percentage, CMS/email, May 2019 toppers, details of marks, merit list, verification of marks and possible reasons for the IPCC. May 2019 results.

CA IPCC Result May 2019 – Dates

ICAI CA IPCC Exam Start date	May
ICAI CA IPCC Exam End date	June
ICAI CA IPCC Expected Result date	August

CA IPCC Pass Result May 2019 Percentage/ Result Analysis

Groups	No. of Students Appeared	No. of Students Passed	Pass percentage
First Group
Second Group
Both Groups
First Group
Second Group

CA IPCC Pass Result Nov 2018 Percentage

Groups	No. of Students Appeared	No. of Students Passed	Pass percentage
First Group	40157	5051	12.58%
Second Group	68888	21708	31.51%
Both Groups		5011	19.75%
First Group	25375	42	0.17%
Second Group		524	2.17%

Check Your CA IPCC Result May 2019

IPCC Result – Check Here

IPCC Exam – Click Here

Click the link & directly land on the ICAI Official site from where you can download your CA IPCC Result.
Here enter your “Roll No.” and “Registration No.” or “PIN” which you have submitted while submitting your Exam Application form.
Enter the image captcha.
Click on the submit button.
The system will generate your result page and here you can take the print out for future.

Check your IPCC Result through SMS

ICAI has facilitated CA students to check their result on their Phone through SMS or Email to avoid the last-minute inconvenience on the result page.

To get your result through SMS, you have to send an SMS on 58888 in the following manner –

CAIPCOLD(space)XXXXXX (Here XXXXXX refers to your six-digit roll number). For ex - CAIPCOLD 058985.

Check your IPCC Result through E-mail

visit the website – icaiexam

and register yourself for Email service.

ICAI avail the email registration link on their website around 5 days prior to result date.

ICAI IPCC May 2019 Center-wise Result

ICAI will release CA IPCC center-wise result. The link is given below will be active once the organization will officially release the center-wise or region-wise result out.

Western Zone
Southern Zone
Eastern Zone
Central Zone
Northern Zone
Overseas

Toppers of IPCC Exam May 2019

Rank	AIR-1	AIR-2	AIR-3
Name
State
Marks
Percentage

Toppers of CA IPCC Exam Nov 2018

Rank	AIR-1	AIR-2	AIR-3
Name	ARJUN MINOCHA	DIVYA GUPTA	PRAMANSHU SHARMA
State	DELHI / NEW DELHI	CHANDIGARH	DELHI / NEW DELH
Marks	519/700	500/700	490/700
Percentage	74.14%	71.42%	70%

Marks of Students

students Marks sent through the post soon after the declaration of ICAI CA IPCC result, In case the post do not receive the same within 4-5 weeks from the date of declaration of IPCC May 2019 results, you may write to dms_examhelpline@icai.in.

Pass Certificate After CA IPCC Result May 2019

A student who passes group 1, as well as group 2 exams of IPCC May 2019, will be qualified for CA Final. After clearing IPCC, Institute of Chartered Accountants of India will issue the pass certificate to all the passed students that will reach you on your registered address within 2 months of result announcement.

CA IPCC May 2019 Rank Certificate

The process to Check IPCC Result Rank Certificate 2019

First, visit the ICAI result page (link mentioned above)
Now you can see “Intermediate (IPC) (Old) Examination” under “CHECK MERIT LIST”, click on it.
Enter your roll number/ registration number and captcha code here

Now this click on “Check Result”
After this IPCC merit list for May 2019 exams will appear on your screen

Inspection of Certified Copies

The students United Nations agency aren’t glad about their result will apply for the scrutiny of evaluated answer sheets on-line solely, the physical application isn’t acceptable.

Those who have applied for the scrutiny needn’t apply for the verification as before dispatching your certified answer sheets, verification is meted out by examinees moto.

Follow the below mention steps to use for the scrutiny on-line –

Land on the ICAI official website World Wide Web.icaiexam.icai.org.
There you have got to log in to your account through your user id and countersign.
There you’ll need to fill the requisite data together with the choice of certified copies for scrutiny.
you wish to transfer a scanned copy of your written request punctually signed by the candidate and just in case you’re a Hindi Medium student then the applying should be in Hindi solely.
If any discrepancy arises between the papers mentioned within the scanned image and people mentioned in the kind, a latter can prevail. you’ll be able to build the corrections within the application before creating the payment.
The payment is created through web Banking, MasterCard, open-end credit (Master/ Visa/ Maestro/ Rupay).
when the in payment, a confirmation page can seem on your screen showing your details you have got mentioned within the kind. however, bear in mind that your application can get with success submitted solely management variety is properly showing that isn’t zero or null.
you’re suggested to stay a print out of this confirmation page which can work as acknowledgment.

Procedure for Verification of Marks in IPCC Result May 2019

ICAI open their verification portal where students can apply for verification of marks. students have one month to use for verification of their answer sheet.in case there’s a modification in your result when verification the fee is going to be refunded ….

Applications when the ultimate date is going to be rejected.

the verification method for IPCC could 2019 is totally on-line.
log in to your student dashboard using your user id and password.
From the dashboard realize the link to use for verification of answer books.
upload a scanned copy of your handwritten verification request.
into your handwritten application form do mention all of the following details paper

Name
Registration Number
Exam -  IPCC
Month and Year of exam
Paper/s subject/s details  you want revaluation
Address for communication

At last sign the application form.

now scan the application form as a jpg file with size limit 8200kb
now open the icai website. You will find the link there.
fill the details as instructed on the website and upload your handwritten application form you need to pick out subjects for verification whereas applying through the web portal. the subject you’ll choose is going to be thought of for verification, not the topics you mentioned in your application form.

The payment is going to be created on-line through the master- visa – credit -debit.

the verification fee is Rs 100 per papers and rs 400 for all the papers of both groups.
in a case of cash subtracted and failing dealings your quantity are going to be back in your account within 45 days after the closing of the window.

the application can take around 1-2 months for the process. you will be revert back by icai concerning your request.you can check the standing of your request on-line on icai official test website.

May 2018 IPCC Result Passing Percentages

Groups	No. of Students Appeared	No. of Students Passed	Pass Percentage
First Group	53149	5392	10.15
Second Group	72146	10861	15.05
Both Groups
First Group		6296	19.15
Second Group		22	0.07
Both Groups		353	1.07

May 2017 IPCC Result Passing Percentages

IPCC Group	Pass Percentage
Both Group	26.72%
Group-I	13.09%
Group-II	20.38%

Nov 2016 IPC Passing

Group	Total Candidate Appeared	Total Candidate Passed	Pass Percentage
Both Groups	47766	15543	32.53%
Group I	69653	13424	19.27%
Group II	62123	18701	30.10%

Pass Percentage May 2016

Group	Total Candidate Appeared	Total Candidate Passed	Pass Percentage
Both Groups	47979	2295	04.78%
Group I	65672	6028	09.18%
Group II	56742	4004	07.06%

Nov 11 -Nov 15 Pass Percentages IPCC Result

Attempt	Pass Percentage
Nov 2015	04.15%
May 2015	08.44%
Nov 2014	06.23%
May 2014	09.48%
Nov 2013	08.10%
May 2013	11.80%
Nov 2012	11.13%
May 2012	19.40%
Nov 2011	17.18%