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CA Intermediate GST Classes For CA Student

Shilpa Gupta / July 13, 2019

CA Intermediate GST (IPCC) Classes The objective of this document is to summarize all the updates of CA Intermediate GST Classes (CA IPCC) (Notifications, Circulars, other amendments, and updates) in one place.2 Central tax notifications,1 Integrated tax notification,And also the council has approved the new GST rates for the real estate sector in the 33rd meeting. CA Intermediate GST (CA IPCC) Important Notices 1.0 Notifications:Objective:I. Notification No. 8/2019_Central tax dated 08th Feb.2019:GSTR-7 (Return for TDS) for Jan’19 from 10th Feb’19 to 28th Feb’19 to 28th Feb’19.filing GSTR-3B for Jan’19 from 20th Feb to Feb.19 for Jammu & Kashmir Feb.19 for the remaining states III. Notification No. 2/2019_Integrated tax (Rate) dated 04.Feb.2019:Since the definition of exports and the Sec 54 of the CGST act have been amended to include the supplies to Nepal and Bhutan under definition of Exports, the Notification No.02/2019 was issued to rescind the exemption entry 10D (the exemption of IGST, for the supplies made to Nepal & Bhutan) of the Notification no.9/2017 dated 28th Jun’17. 2.0 CA Inter GST Classes CA Intermediate GST Circulars (CA IPCC): I. Circular No. 88/07/2019 Central Tax dated 01.02.2019:Circular No. 8/8/2017_04.10.2017_”Master circular relevant for the export procedures and refunds” was amended in view of the amendment allowing realization of export proceeds in INR, wherever allowed by the RBI (CA Intermediate/ IPCC). [2(6) of IGST act].Circular No. 38/12/2018_26.03.2018_”Clarification on issues related to Job Work” was amended to in view of the (IPCC) amendment carried empowering the Commissioner to extend the period for return of inputs and capital goods from the job worker and also the RCM on services received from un-registered job workers. [9(4) and 143 of CGST act.]Circular No. 41/15/2018_13.04.2018_” Procedure for interception of conveyances for inspection of goods in movement…………” was amended to in view of the amendment carried out extending the time limit from 7days to 14 days for owner/transporter to pay tax/penalty for seized goods. [Sec 129 of the CGST act]. CA Intermediate GST Updates (IPCC) After observing that the majority of taxpayers are not reporting details in Table 3.2 of GSTR-3B,III. Circular No. 90/09/2019 Central Tax dated 18.02.2019:IV. Circular No. 91/10/2019 Central Tax dated 18.02.2019:In Circular 46/2017_Customs_Dated 24.Nov.17, it was clarified that,In Circular 3/2018_IGST(CA Intermediate)_Dated 25.May.18, it was clarified that, considering the amendments in the Customs Tariff Act (IPCC),This shall be applicable w.e.f. 01.Apr.18.There was no provision in GSTR-1 for changing POS for such B2B supplies. If the supplier and recipient are in the same state, it was considered as Intra-state sales.3.0 33rd GST Council meeting updates (IPCC):I. GST on Residential properties The proposed GST rate for the residential flats are as followed: 1% for the Affordable housing5% for the othersFor qualifying as “affordable housing” below 2 conditions should be satisfied:Carpet area of up to 90 Sqm in non-metropolitan cities/towns and 60 Sqm in metropolitan cities andThe value < 45Laks in both Metro/Nonmetropolitan citiesThe effective date shall be 01.Apr.19.II. Others (IPCC)The existing rates shall continue for the commercial projectsThe taxation on betting and lotteries shall be taken up in the future council meetings. Click Here: CA Intermdiate New Course Also Read- CA Intermediate Courses CA Final Result 2019 CA Final Exam Date Sheet

ICAI

ICAI Exam

Shilpa Gupta / July 2, 2019

ICAI Exam – The Institute of Chartered Accountants The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on July 1, 1949, as a statutory body under the Chartered Accountants Act, 1949, enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of chartered accounting in India. ICAI is the second largest professional accounting & finance body in the world. Candidates who wish to take up Chartered Accountancy as a career, are required to enroll for the program at ICAI and qualify all the levels of exams within a stipulated period of time to be certified as a Chartered Accountant. Image – ICAI Exam Dashboard ICAI Exams Level 2019 ICAI Exam level for the new course 2019 Foundation Course (CPT) Intermediate Course (Inter) Final Course (CA Final) ICAI Exam About Features & Details Exam Name – ICAI Exam, CA CPT, CA IPCC, CA Final ICAI Name – Institute of Chartered Accountants of India ICAI Exam Level – National Level Exam Exam Frequency – Twice a year ICAI Exam Mode – Online (CPT) & Offline (Inter & Final) ICAI Exam Duration – Three hours Language – English & Hindi Exam Helpdesk No. – 1800-200-2501 Exam Website – visit ICAI Exam Eligibility 2019 ICAI Exam CPT Eligibility Criteria CA CPT Course is the entry level for Chartered Accountancy Course. Students who have appeared in the 12th class examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto can register for the Foundation Course. A candidate who registered for CPT 60 days prior to the first day of the month in which the CPT examination is to be held, i.e., on or before April 1 and October 1, can appear in the CPT examinations to be held in June and December, respectively. Candidates who are Graduate or Post Graduate in Commerce with a minimum of 55% of total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) with certain subjects OR Graduates or Post Graduates in any other stream having secured a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) are exempted from passing CPT. Read More ICAI Exam Intermediate (IPC) Eligibility A student who has passed the Foundation Examination is eligible for registration to Intermediate Course. A student who is Graduate/ Post Graduate in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) by studying any three papers carrying a minimum of 50 marks in a semester/year and cumulatively 100 or more marks over the entire duration of the concerned course out of Accounting, Auditing, Mercantile Laws, .Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University)and candidates. defibulators.orgimp source> who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Foundation Examination and can join the Intermediate Course. ICAI Exam Final Eligibility The candidate who have passed the Intermediate examination or Professional Education Examination – II./PCC/IPCC, are eligible to apply for the Final exam. The candidate must also have completed 3 years or 3½ years or must be due to complete, as the case may be, of articled training as on the date of filling the form. The candidate must be serving the last twelve months of articled training including excess leave if any, and due to complete 3 years on or before 31st October 2017. (for PE-II stream student and PE-II stream students converted to IPCC). Read More. CA Final ICAI Exam 2019 Exam Center The ICAI exams are conducted at 197 exam centers across India and abroad. Moreover, ICAI has facilitated CA exam centers in five test cities abroad: Abu Dhabi Dubai Kathmandu Muscat Doha List of Test Cities for CA Exam. Agra Ahmedabad Ahmednagar Ajmer Akola Alappuzha . Aligarh Allahabad Alwar Ambala Amravati Amritsar Anand Anantapur Asansol Aurangabad Badlapur Banswara Bareilly Bathinda Beawar Belgaum Bellary Bengaluru Berhampore Bhagalpur Bharatpur Bharuch Bhavnagar Bhilwara Bhiwandi Bhiwani Bhopal Bhubaneswar Bhuj Bikaner Bilaspur Bundi Burhanpur Chandigarh Chandrapur Chennai Chhindwara Chittorgarh Churu Coimbatore Cuttack Dehradun Delhi Dhanbad Dhule Durg Durgapur Eluru Ernakulam Erode Faridabad Fatehabad Firozabad Gandhidham Gandhinagar Ghaziabad Gondia Gorakhpur Guntur Gurugram Guwahati Gwalior Haldwani Haridwar Hisar Hubli Hyderabad Ichalkaranji Indore Jabalpur Jaipur Jalandhar Jalgaon Jalna Jammu Jamnagar Jamshedpur Jhansi Jhunjhunu Jind Jodhpur Junagadh Kaithal Kakinada Kannur Kanpur Karimnagar Karnal Kishangarh Kolhapur Kolkata Kollam Kota Kottayam Kozhikode Kumbakonam Kurnool Latur Lucknow Ludhiana Madurai Malappuram Mandsaur Mangalore Mapusa Margao Mathura Meerut Moradabad . Mumbai Muzaffarnagar Muzaffarpur Mysore Nagpur Nanded Nashik Navi Mumbai Navsari Neemuch Nellore Nizamabad Noida Ongole Palakkad Palgarh Pali Marwar Panipat Panvel Parbhani Patiala Patna Pimpri-Chinchwad Pondicherry Pune Raipur Rajamahendravaram Rajkot Ranchi Ratlam Ratnagiri Rewa Rewari Rohtak Rourkela Saharangpur Salem Sambalpur Sangli Sangrur Satara Satna Shimla Shimoga Sikar Silliguri Sirohi Sirsa Sivakasi Solapur Sonepat Sri Ganganagar Srinagar Surat . Surendranagar Thane Thiruvananthapuram Thrissur Tinsukia Tiruchirapalli Tirunelveli Tirupati Tirupur Tuticorin Udaipur Udupi Ujjain Vadodara Vapi Varanasi Vasai Vellore Vijaywada Visakhapatnam Warangal Yamuna Nagar Yavatmal ICAI Exam 2019 Contact Information Website – http://www.icai.org.in/ The Institute of Chartered Accountants of India (Set up by an Act of Parliament) A-29, First Floor, Administrative Block, ICAI Bhawan Sector-62, Noida(U.P.), P.C.-201301 E-mail: ccbcaf@icai.org Phone No. : 0120-3045994 (Direct) ICAI Exam 2019 The Institute of Chartered Accountancy of India (ICAI) released an official notice regarding the changes introduced in the CA exam pattern from the May

ICAI

ICAI New Announcement Heralding changes in the CA world

Shilpa Gupta / June 4, 2019

Heralding changes in the CA world Read This – Heralding changes in the CA world

ICAI

ICAI releases e-version of a compendium of revised Indian Accounting Standards

Shilpa Gupta / May 7, 2019

Chartered accountants’ body ICAI Thursday said it has released the e-version of a compendium of revised Indian Accounting Standards that incorporate new ICAI standard on leases among other amendments. As part of annual improvements, the Ind AS (Indian Accounting Standards), which is based on International Financial Reporting Standards (IFRS), undergo regular upgradation due to the issuance of new standards or amendments in existing standards by IFRS, the accounting body said in a release. The e-version of the compendium of Ind AS includes amendments that were made in Companies (Indian Accounting Standards) Amendment Rules and became effective on April 1. “During the previous year, there have been certain amendments to Ind AS which have all been incorporated in appropriate places and relevant standards in this updated a version of the compendium,” the release said. The existing standard on leases has been replaced in the new accounting standards (Ind AS 116). “In the new lease accounting model for lessees, leases will be recognized on balance sheet by recognizing a lease liability with a corresponding ‘right-of-use’ asset,” it said. Ind AS 116 will have an impact on the financial statements of the firms. The extent of the impact would vary across industries depending on the financing and leasing structures prevalent in an industry, the release added. Similarly, the compendium also includes changes that provide guidance as to how uncertainty about a tax treatment should be reflected in the accounting for income tax. Learn More:- ICAI CA Exam 2019 “The compendium of Ind AS will be highly useful to all stakeholders in particular prepares and auditors of financial statements. ICAI will also continue to engage in disseminating knowledge of these standards and the changes through a series of initiatives including webcasts, workshops, training programmes, and certificate courses,” Institute of Chartered Accountants (ICAI) President Prafulla P Chhajed said. Source:- Download Here

ICAI

ICSI (also ICAI) charging Rs. 500 for certified copies is illegal : Supreme Court

Shilpa Gupta / April 25, 2019

ICSI (also ICAI) Charging Rs. 500 for certified copies is illegal As per a recent judgment of the Supreme Court in ICSI v. Paras Jain [Civil Appeal No. 5665/2014, dated 11-4-2019], the High Court held that educational Bodies cannot charge more than RTI fee for providing certified copies to students. The RTI Fee as per RTI Rules, 2012 read with RTI Act, 2005 is Rs. 10 fixed per application + Rs. 2 per page. Hence, charging of Rs. 500 or Rs. 1000 per copy is illegal. Example: Suppose, a student has written 20 pages. Hence, he can be asked to pay only Rs. 50 (Rs. 10 for application + Rs. 2 per page × 20 pages = Rs. 50). Download Copy of Judgment IN THE SUPREME COURT OF INDIA CIVIL APPEAL NO. 5665/2014 INSTITUTE OF COMPANIES SECRETARIES OF INDIA (ICSI) v. PARAS JAI ORDER 1. This appeal is directed against the order dated 22.04.2014 of the Delhi High Court wherein, while allowing the Letters Patent Appeal, filed by the respondent herein, it set aside Guideline No.3 notified by the statutory council of appellant–Institute of Companies Secretaries of India (ICSI) and directed it to charge fee prescribed as per Rule 4 of the Right to Information (Regulation of Fee and Cost) Rules, 2005. 2. The factual matrix of the case is that the respondent appeared in the final examination for Company Secretary (ICSI) conducted by the Appellant in December 2012. On being unsuccessful in qualifying the examination, the respondent made an application under the Right to Information Act for inspection of his answer sheets and subsequently, sought certified copies of the same from the appellant. The appellant thereafter has demanded Rs.500/per answer sheet payable for the supply of certified copies of answer book(s) and Rs.450/per answer book for providing inspection thereof respectively as per Guideline No.3 notified by the statutory council of the appellant. It is to be noted that the respondent obtained the said information under the Right to Information Act, 2005. 3. Being aggrieved by the demand made by the appellant, the respondent preferred a Writ Petition before the Delhi High Court wherein the Learned Single Judge dismissed the petition. A Letters Patent Appeal was thereafter preferred by the respondent wherein, the Division Bench quashed Guideline No.3 notified by the appellant and held that the appellant can charge only the prescribed fee under Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005. 4. The short issue before us is when the answer scripts of appellant’s examination is sought whether the fee prescribed under Rule 4 of the Right to Information (Regulation of Fee and Cost) Rules, 2005 payable or that under Guideline No. 3 of the Guideline, Rules and Procedures for Providing Inspection and/or Supply of Certified Copies of Answer Book(s) to Students, framed by the Examination Committee of appellant’s statutory Council at its 148th Meeting held on 14.08.2013. 5. The learned counsel appearing on behalf of the appellant argued that it is undisputed that the Right to Information Act, 2005 is applicable to the appellant. However, in light of specific guidelines formulated under the (ICSI) Company Secretaries Act, 1980, the same should be applicable and not that which is provided under the Right to Information Act. He further contends that owing to quashing of Guideline No. 3 by the Division Bench of Delhi High Court, the appellant cannot collect any amount of fee except the one prescribed under Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005 which adds to financial strain on the appellant. 6. On the other hand, the learned counsel appearing on behalf of the respondent submitted that any candidate who seeks his answer scripts under Right to Information Act, 2005 can only be charged under Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005. Further, the learned counsel submits that the candidates must have a choice to seek the answer scripts either by the avenue under Right to Information Act or under the Guidelines of the appellant framed by the examination committee of statutory Council under the (ICSI) Company Secretaries Act, 1980. 7. Having heard the learned counsels appearing for the parties and we have also meticulously perused the record. 8. The appellant is governed by the provisions of the Company Secretaries Act, 1980 (ICSI) and under Sections 15, 15A and 17, the Examination Committee of the statutory Council has framed Guideline No. 3 providing an avenue to the candidates to either inspect their answer scripts or seek certified copies of the same on payment of the stipulated fees. Guideline no.3 stipulates the payment of Rs. 500 for obtaining certified copies and Rs. 450 for seeking inspection of the same. “3. Fee of ₹500 per subject/answer books payable for the supply of certified copies of answer book (s) and ₹450 per answer book for providing inspection thereof respectively. The fee shall be paid through Demand Draft drawn in favor of “The Institute of Company Secretaries of India”, payable at New Delhi.” 9. On the contrary, Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005 stipulates, “4. For providing the information under subsection (1) of section 7, the fee shall be charged by way of cash against proper receipt or by demand draft or bankers cheque or Indian Postal Order payable to the Accounts Officer of the public authority at the following rates:— (a ) rupees two for each page (in A4 or A3 size paper) created or copied; (b) actual charge or cost price of a copy in larger size paper; (c) actual cost or price for samples or models; and (d) for inspection of records, no fee for the first hour; and a fee of rupees five for each subsequent hour (or fraction thereof).” (emphasis supplied) 10. Thus it is clear that the avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act

CA, ICAI

ICAI – New Lease Accounting Standard Now in Effect

Shilpa Gupta / April 6, 2019

ICAI – New Lease Accounting Standard Now in Effect NEW DELHI: The new accounting standard for leases will bring substantial visibility of companies’ lease commitments and improve the quality of financial information about companies, chartered accountants’ body ICAI said Monday. Ind AS 116, which sets out the principles for recognition, presentation and disclosure of leases has been notified by the corporate affairs ministry. The standard is effective from Monday. senior government official said the standard would affect all industries where leases are a predominant component in their businesses and result in more transparency. ICAI President Prafulla P Chhajed said the new standard on leases ushers in a path-breaking reform in accounting for leases and would improve the quality of financial information. Leasing is a well-known and long established form of obtaining financeNSE 1.76 %. The new standard on leases ushers in a substantial change in the accounting for operating leases by lessees and few improvements in the disclosure-related aspects for lessors accounting, according to the Institute of Chartered Accountants of India (ICAI). It said the key changes in lessees accounting relate to introduction of single lease accounting model by elimination of classification between operating and finance leases, and recognition of gain/loss for sale and lease-back transactions. In the new lease accounting model for lessees majority of leases will be recognised on balance sheet by recognising a lease liability with a corresponding ‘right-of use’ asset,” the release said. The standard would have an impact on three components of financial statements — balance sheet, cash flow statement, profit and loss account. The, extent of impact would vary for each industry depending on the financing and leasing structures prevalent in that industry,” the release said. The institute also noted that the exemptions given for short term leases and low-value asset leases are expected to provide substantial relief from operational complexities to many companies. Ind AS 116 is expected to have a significant impact on various industries, including aviation where airlines mostly operate planes on lease. Leasing of aircraft rather than outright purchase is a common practice in the airlines industry worldwide. Source- Economic times

CA Coaching Classes for CPT,IPCC,CA Final

ICAI

ICAI CA CPT, IPCC & CA Final | CA Online Classes

Shilpa Gupta / March 30, 2019

ICAI CA CPT, IPCC & CA Final | CA Online Classes ICAI CA Online Classes Benefits 1. Versatile Timings – Definitely, CA Online classes is a good option. Students can enjoy ICAI CA Classes (CPT/IPCC/CA Final) at home whatever time is best suitable for them. Many of the ca students doing an articleship/job along with the studies prefer to take the ICAI ca classes at night. For such kind of ca students, ICAI CA Online classes are the best option. 2. Comfort level – You comfort with study at home. You can pause the videos, you can replay the video, you can rewind the videos, you can adjust the speed of the video. No need to follow the rules and regulation of satellite classes. 3. Time-Saving – One of the best points of ICAI CA Online classes is that it saves time. Most of the ICAI ca students residing in other cities or far away from the ca coaching centers (CPT/IPCC/CA Final) can get benefit from these ca online classes. 4. Replay the Concept of video – Many of the times we miss the important concepts. You could not ask such a thing in satellite classes. Hence, CA online classes are better where you can replay the video and understand the vital concept until you are not satisfied (CPT/IPCC/CA Final). 5. Missing classes Problem – It’s difficult to understand the whole chapter when you missing a single class. CA Online Classes resolves this issue by providing video lectures according to your convenience (IPCC). Why Choose Parag Gupta Classes (CA Final)? Parag Gupta Classes is the best ICAI CA Coaching Classes (IPCC) all over India because it provides classes in Virtual Centres or in their app StudyByTech. It covers every concept of your ICAI ca course. Parag Gupta Classes have covered past attempt questions, questions from study material, questions from Practice Manual ,etc. Which means that you don’t need to go through the ICAI for ca study material on your own. Parag Gupta Classes smart compilers will also be provided to every ca student along with ICAI CA Online classes. The students will get connected on all social media platforms of the faculties where they can ask their doubts. All the lectures are available in Hindi and English Language (CPT/IPCC/CA Final) . Procedure for Joining the Best ICAI CA Online Classes Contact Parag Gupta Classes and complete the registration procedure for ICAI CA Online classes. For the first time, Parag Gupta Classes launched ICAI CA Foundation / CPT Online Classes (CPT/IPCC/CA Final) For ordering and further information on ICAI CA Foundation/CPT Online classes (CPT/IPCC/CA Final), you can contact us. Subjects of ICAI CA Foundation/CPT Paper 1: Principles and Practices of Accounting Paper 2: Mercantile Law and General English Paper 3: Business Mathematics and Logical Reasoning Paper 4: Business Economics and Business Commercial Knowledge Subjects of ICAI CA Intermediate/Inter/IPCC Paper 1: Accounting Paper 2: Corporate Laws and Other Laws Paper 3: Cost and Management Accounting Paper 4: Taxation Paper 5: Advanced Accounting Paper 6: Auditing and Assurance Paper 7: Enterprise Information Systems & Strategic Management Paper 8: Financial Management & Economics for Finance Subjects of ICAI CA Final 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 Visit here– How to become a CA in India after 12th?

ICAI

ICAI—CAPA JOINT “ROUNDTABLE STAKEHOLDER’S MEETING ON PUBLIC SECTOR FINANCIAL MANAGEMENT

Shilpa Gupta / March 30, 2019

ICAI—CAPA JOINT “ROUNDTABLE STAKEHOLDER’S MEETING ON PUBLIC SECTOR FINANCIAL MANAGEMENT Source Image – ICAI The Institute of Chartered Accountants of India in collaboration with the Confederation of Asian and Pacific Accountants organized a joint “Roundtable Stakeholder’s meeting on Public Sector Financial Management” in New Delhi on March 11, 2019. The event was inaugurated by Chief Guest Shri Shashi Kant Sharma, Former Comptroller and Auditor General of India and attended by the delegates from more than 8 countries. The Roundtable gave the attendees an overview of Public Sector in India and the role that the accountancy profession plays in improving its financial management. CA. Prafulla P. Chhajed. President, ICAI said “This event has brought together professionals from all arenas including the World bank, ADB, CGA, GASAB. CAPA, Ministry of Finance, Ministry of Railways. Ministry of Communications and many others. I am certain, this sharing of views and discussions of the leamed participants will aid in empowering financial management in the public sector. Speaking on the occasion Chief Guest Shri Shashi Kant Sharma, Former Comptroller and Auditor General of India said. “Accountancy professionals have a great responsibility on their shoulders to make sure that public money is utilized in the right manner.” He further added “Earlier, India was not even among the 10 major economies but by the turn of the millennium it came amongst the top 10 economies. Today, it is 6th largest economy and most projections show that it will be the 3rd largest economy in the next decade. ICAI Vice-President CA. Atul Kumar Gupta said, “Accountancy Professionals are fully geared to take up the challenges ahead as they have in the past.” He also mentioned “ICAI through its Research wing, Accounting Research Foundation is playing a pivotal role as a Partner in Nation. Read- Click Here

ICAI

How to Become a CA in India After 12th?

Studybytech / February 19, 2019

One of the TOP choices for Commerce students after passing 12th Exams is to become a CHARTERED ACCOUNTANT. If you want to start the journey of CA, you need to pass the CA Foundation Exam, which is also called . If you want to learn more about the CA Foundations exam, then you are in the right place. How to Become a CA in India After 12th CA Foundation/ Course CA Foundation Course is the entry level for Chartered Accountant Course. Students who have appeared in a 12th-grade examination conducted by an examining body constituted by law in India or a CA examination recognized by the Central Government as equivalent thereto can register for the CA Foundation Course. Students can appear in the examination after qualifying the senior secondary (10+2) examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto. Students after registration to the CA course are required to complete a minimum of 4 months study period from the date of registration in order to be eligible to appear in the CA Foundation Examination, i.e., students registered on or before 30th June/ 31 st December will be eligible to appear in November/ May examination, as the case may be. CA Foundation Examinations are held twice a year in the months of May and November. The Examination Department issues notifications and announcements regarding the conduct of the CA Foundation Examination on the Institute’s website, www.icai.org/Newspapers. The said notification contains the proposed examination centers, both in India and abroad. After getting registered for the foundation course, students are also required to fill out a separate application form for appearing in the CA foundation examination. Read – Click Here CA Intermediate/ IPCC Course CA Intermediate/ IPCC Course – This is the first stage of the Chartered Accountancy curriculum wherein only working knowledge of core and allied subjects to accountancy profession is covered, while at the CA Final course, advanced application knowledge of core and allied subjects to accountancy profession has been intended to be inculcated. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and three years of practical training compulsorily during the course of Chartered Accountancy. This balanced approach will help the ca students to appreciate the underlying practical applications of the theoretical education scheme. To Know more about CA Foundation registration Click Here In order to develop a strong theoretical base, students of the CA Intermediate/IPCC Course, who have registered through the CA Foundation Course route or passed the Intermediate Level Examination at the Institute of Cost Accountants of India or the Institute of Company Secretaries of India, are required to undergo an eight-month study course before appearing for the first time in the CA Intermediate/IPCC Examination. Since a proper understanding of the modern world necessitates knowledge of present-day technology and skills, students are imparted a four-week Integrated Course on Information Technology and Soft Skills (ICITSS) before joining for the practical training. It is to be noted that such students can join practical training only after passing either or both groups of the CA Intermediate/IPCC Course. Read – Click Here Accounting Technician Course(ATC) Accounting Technician Course (ATC)- Click Here CA Final Course CA Final Course– This is the last stage of the Chartered Accountancy curriculum. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and three years of practical training compulsorily during the course of Chartered Accountancy. This balanced approach helps the students to appreciate the underlying practical applications of the theoretical education scheme. Students after qualifying both the groups of CA Intermediate/ IPCC Examination are eligible to register for CA Final Course and would be allowed to appear in CA Final Examination during the last six months of practical training after successful completion of Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS).

ICAI

CA Final Course

Shilpa Gupta / February 19, 2019

CA Final Course is the last level to become CA. In this level, usually, students are very scared as this level comes with lots of pressure from family and comparison with the other companions. Although a proper routine of studies and proper diet can help you to get success in the same. Have a look over our other blog Exam Preparation Tips for ICAI and CA Final Students, which will help you to achieve your goal. Below, we have provided you with a glimpse of CA Final syllabus, it’s subjected (with marks) and the process of its registration. This is the last stage of the Chartered Accountancy curriculum. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and three years of practical training compulsorily during the course of Chartered Accountancy. This balanced approach helps the students to appreciate the underlying practical applications of the theoretical education scheme Students after qualifying both the groups of Intermediate Examination are eligible to register for CA Final Course and would be allowed to appear in CA Final Examination during last six months of practical training after successful completion of Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS). Final Course registration is valid for 5 years and can be revalidated any number of times for further 5 years period by paying revalidation fee of Rs. 500/- or as decided by the Council from time to time Subjects covered in CA Final Course Group I Paper-1: Financial Reporting (100 Marks) Paper-2: Strategic Financial Management (100 Marks) Paper-3: Advanced Auditing and Professional Ethics (100 Marks) Paper-4: Corporate and Economic Laws (100 Marks) Part I: Corporate Laws (70 Marks) Part II: Economic Laws (30 Marks) Group II Paper-5: Strategic Cost Management and Performance Evaluation (100 Marks) Paper-6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers) Elective Papers 6A Risk Management 6B Financial Services & Capital Markets 6C International Taxation 6D Economic Laws 6E Global Financial Reporting Standards 6F Multi-disciplinary Case Study Paper-7: Direct Tax Laws & International Taxation (100 Marks) Part I: Direct Tax Laws (70 Marks) Part II: International Taxation (30 Marks) Paper-8: Indirect Tax Laws (100 Marks) Part I: Goods and Service Tax (75 Marks) Part II: Customs & FTP (25 Marks) The subjects of the CA final course are classified into two groups which a student can study and appear in the examination group-wise or both the groups together. Download ICAI CA Final Course PDF – Click Here CA Final Courses Registration A candidate has to register for CA Final Course by filling Online Registration Form available on ICAI website (www.icai.org) in “Course Registration Forms” under “Students tab”. CA Final Students While filling the online form, candidates should take care of the following: After filling the Online Form pay the required fees online using the payment gateway. On successful payment, the system will automatically generate the Form, which is to be printed Following documents are to be submitted to concerned Regional Office within 7 days of the date of online registration along with the print out of the online registration form, duly signed by the candidate. Attested copy of proof of Nationality if the student is a foreigner. Attested copy of proof of special category certificate,i.e, SC/ST, OBC, Differently abled. The form and documents are to be submitted in consonance with the address at the following Regional Offices: Download ICAI CA Final Course Registration PDF – Click Here CA Final Courses Syllabus. Download ICAI CA Final Courses Syllabus – Download Here