Tag: CA STUDENT

Kind Attention: All ICAI Members, Students of the Institute of Chartered Accountants of India (ICAI)

ICAI Advisory in respect of Unauthorized Calls, E-Mails, WhatsApp Communications and Fraudulent Messages

Kind Attention: All Members, Students of the Institute of Chartered Accountants of India (ICAI) and Public at Large

All the Members and Students of ICAI and public at large are hereby informed that certain unscrupulous persons/entities are falsely representing themselves as Office Bearers, Officials, employees, authorised representatives, Departments, Committees, Regional Councils or Branches of ICAI through unsolicited phone calls, WhatsApp calls/messages, SMSs, emails and other communication platforms.

Such imposters are making false representations to the stakeholders relating to examinations, membership matters, training, empanelment, seminars, webinars, recruitment opportunities, disciplinary matters, payments and other activities of the Institute.

It has further been observed that such persons/entities are:

  • Seeking personal information, sensitive documents, banking details, OTPs and other confidential credentials under the guise of official procedures of ICAI.
  • Demanding payments/fees through unofficial channels by creating a false sense of urgency or face consequences.
  • Circulating misleading or unauthorised announcements, study/reference material and communications through WhatsApp groups, emails, social media platforms and private messaging channels.
  • Sharing suspicious links, QR codes or files purporting to be associated with ICAI.

These communications are being made with mala-fide intention to mislead and create confusion in the minds of the Members and Students of the Institute of Chartered Accountants of India, in particular and public at large in general. Such communications are false and creating an impression that these calls/messages have been originated or authenticated and circulated with the approval of the ICAI.

ICAI hereby categorically clarifies that:

  • The Institute does not seek sensitive personal information such as passwords, OTPs, CVV numbers, internet banking credentials, etc. through phone calls, WhatsApp calls/messages, SMSs or emails.
  • Official communications are issued only through authorised communication channels/platforms of ICAI.
  • All official payments and transactions relating to ICAI services are to be made only through authorised ICAI portals/websites and approved payment mechanisms.

Accordingly, Members, Students and public at large are hereby advised to exercise utmost caution and are requested:

  • Not to share personal, financial or confidential & sensitive information with unknown callers, emails or messaging accounts falsely claiming association with ICAI.
  • Not to click on suspicious links, scan unknown QR codes or download unverified files/applications received through such communications.
  • Not to rely upon circulated or forwarded messages/documents unless verified from official circulars and notifications published through official platforms of ICAI.
  • To immediately report suspicious calls/messages/communications to the ICAI along with relevant screenshots, phone numbers and details for necessary scrutiny and action.

It may further be noted that impersonation, circulation of false information, misuse of ICAI’s name/logo and unauthorised communications in the name of ICAI are prohibited under law and attracts punitive actions. Therefore, ICAI hereby warns such persons/imposters/entities to immediately cease and desist from such illegal activities, failing which ICAI reserves the right to initiate appropriate legal and/or criminal proceedings against such imposters/entities.

Accordingly, all Members and Students of the Institute and public at large are advised to remain vigilant and rely only upon official communications issued through authorised channels of ICAI.

Secretary, ICAI

ICAI Releases Mock Test Schedule for January 2026 CA Exams, Learn Full Details

The Institute of Chartered Accountants of India (ICAI) is organizing a mock test paper series for all students preparing for the Chartered Accountancy (CA) Final exams scheduled for January 2026. This initiative will be executed in two parts, with Mock Test Papers Series – I commencing on November 17, 2025, and Mock Test Papers Series – II starting on December 4, 2025. The official statement from ICAI reads, “The Board of Studies is commencing Mock Test Papers Series – I from November 17th, 2025, & Mock Test Papers Series – II from December 4th, 2025, for CA Final students appearing in January 2026 Examinations.”

Candidates should note that both mock test series will be available in either physical or virtual modes. Students opting for the physical mode can receive updates from their respective branches.

ICAI CA Mock Test Series Schedule

The ICAI CA Mock Tests will be held in two series for the January 2026 exams. Below is the schedule for Mock Test Series 1 and Mock Test Series 2:

ICAI CA Mock Test Series 1 Schedule

Check the schedule for the test series 1 of mock tests here:

DateName of the PaperTime
November 17, 2025Paper-1: Financial Reporting2 PM – 5 PM
November 19, 2025Paper-2: Advanced Financial Management2 PM – 5 PM
November 21, 2025Paper-3: Advanced Auditing, Assurance and Professional Ethics2 PM – 5 PM
November 24, 2025Paper-4: Direct Tax Laws & International Taxation2 PM – 5 PM
November 26, 2025Paper-5: Indirect Tax Laws2 PM – 5 PM
November 28, 2025Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)2 PM – 5 PM

ICAI CA Mock Test Series 2 Schedule

Check the schedule for the second series of mock tests here:

DateName of the PaperTime
December 4, 2025Paper-1: Financial Reporting2 PM – 5 PM
December 6, 2025Paper-2: Advanced Financial Management2 PM – 5 PM
December 8, 2025Paper-3: Advanced Auditing, Assurance and Professional Ethics2 PM – 5 PM
December 10, 2025Paper-4: Direct Tax Laws & International Taxation2 PM – 5 PM
December 12, 2025Paper-5: Indirect Tax Laws2 PM – 5 PM
December 15, 2025Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)2 PM – 5 PM

ICAI CA January 2026 Exams: Key Updates

Students should be aware that the question papers will be uploaded on the official BoS Knowledge Portal at icai.org. According to the schedule, the mock tests will be accessible by 1:30 PM on their respective dates. Students can download the exam papers and must complete the exam within the specified time limit. Answer keys will be uploaded within 48 hours of each paper’s commencement.

The registration for the exams will commence on November 3, 2025. Below is the exam schedule for January 2026:

ExamGroupDates (January 2026)
CA Foundation—18, 20, 22, 24
CA IntermediateGroup 16, 8, 10
Group 212, 15, 17
CA FinalGroup 15, 7, 9
Group 211, 13, 16

Students are encouraged to keep checking the official website for further updates regarding their examinations.

ICAI BIG UPDATE 🚨📢 CA Foundation, Intermediate, and Final Exams will be held in January 2026

In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India announces the schedule for the upcoming Chartered Accountants Foundation, Intermediate, and Final Examinations. The examinations will be held on the specified dates and places, contingent on a sufficient number of candidates registering for each location.

Examination Dates and Schedule

Final Course Examination

As per the syllabus outlined in the scheme notified by the Council under Regulation 31 of the Chartered Accountants Regulations, 1988.

Intermediate Course Examination

As per the syllabus outlined in the scheme notified by the Council under Regulation 28 F of the Chartered Accountants Regulations, 1988.

Foundation Course Examination

As per the syllabus outlined in the scheme notified by the Council under Regulation 25 F of the Chartered Accountants Regulations, 1988.

  • Dates: 18th, 20th, 22nd & 24th January 2026

Members’ Examination

No examination is scheduled on 14th January 2026 (Wednesday) due to Makar Sankranti, Magha Bihu, and Pongal festivals across India. The examination schedule will not change if any day is declared a Public Holiday by governmental bodies.

Examination Duration and Timings

  • Foundation Course:
    • Paper(s) 1 & 2: 2 PM to 5 PM (3 Hours)
    • Paper 3 & 4: 2 PM to 4 PM (2 Hours)
  • Intermediate Course:
    • Paper 1 to 5: 2 PM to 5 PM (3 Hours)
  • Final Course:
    • Papers 1 to 5: 2 PM to 5 PM (3 Hours)
    • Paper 6: 2 PM to 6 PM (4 Hours)

Note: There is no advance reading time for Papers 3 & 4 of the Foundation Examination and all papers of the International Taxation Assessment Test.

Examination Cities in India

The Chartered Accountants Examinations, January 2026, will be held in numerous Indian cities, including:

  • Andaman and Nicobar Islands: Port Blair
  • Andhra Pradesh: Anantapur, Eluru, Guntur, and more
  • Karnataka: Bengaluru, Mysore, and more
  • Maharashtra: Mumbai, Pune, and more
  • Uttar Pradesh: Agra, Kanpur, and more
  • West Bengal: Kolkata, Siliguri, and more

For a complete list of cities, candidates can refer to official communications from the Institute.

Examination Cities Overseas

The January 2026 Examinations will also be held in the following overseas cities:

  • Abu Dhabi
  • Bahrain
  • Thimphu (Bhutan)
  • Doha
  • Dubai
  • Kathmandu (Nepal)
  • Kuwait
  • Muscat
  • Riyadh (Saudi Arabia)

Online Application and Examination Fees

All candidates must apply online for the Foundation, Intermediate, and Final Examinations via the Self Service Portal – SSP and pay the requisite examination fees. The examination fee structure for various courses is as follows:

Intermediate Course Examination

  • For Indian Centres:
    • Single Group: ₹ 1500/-
    • Both Groups: ₹ 2700/-
  • For Overseas Centres:
    • Single Group: US$ 325
    • Both Groups: US$ 500

Final Course Examination

  • For Indian Centres:
    • Single Group: ₹ 1800/-
    • Both Groups: ₹ 3300/-
  • For Overseas Centres:
    • Single Group: US$ 325
    • Both Groups: US$ 550

Foundation Course Examination

  • Indian Centres: ₹ 1500/-
  • Overseas Centres: US$ 325

The application window for submission of examination forms opens on 3rd November 2025 and closes on 16th November 2025 (without late fee). A late fee of ₹ 600/- or US $ 10 applies after the deadline.

Additional Information

Candidates can choose to answer papers in either English or Hindi for Foundation, Intermediate, and Final Examinations. Detailed information can be found in the guidance notes on the official website.

For any updates and further information, candidates are advised to keep in touch with the Institute’s website: www.icai.org.

(CA. ANAND KUMAR CHATURVEDI)
JOINT SECRETARY (EXAMINATIONS)

For full details, refer to the official document: Exam Notification PDF

Is Chartered Accountants (CA) Responsible for Filing Income Tax Returns?

Filing Income Tax Returns (ITRs) is a fundamental responsibility for every taxpayer. However, there’s a common misconception that only Chartered Accountants (CAs) are responsible for this process. In reality, the responsibility is shared between the taxpayer and the CA. This article aims to clarify this misconception and shed light on the roles and responsibilities of both parties in the ITR filing process. Understanding the collaborative effort needed for accurate and compliant tax filing is essential for a smooth tax-filing experience.

Understanding the ITR Filing Process

The ITR filing process involves assessing your income and tax liability for a specific financial year and reporting it to the tax authorities. The process necessitates providing accurate details regarding your sources of income, deductions, exemptions, and tax payments made during the year. Whether you’re a salaried individual, a business owner, or a professional, you are required to file your ITR annually.

Misconception: Only CAs File ITRs

One prevalent misconception is that only CAs are responsible for filing ITRs. While CAs can assist in the process, the ultimate responsibility lies with the taxpayer. Individuals, businesses, and entities must actively engage in assessing their finances and providing accurate information for the filing.

Roles and Responsibilities of Taxpayers – CA For ITR Filing

Maintaining Accurate Financial Records

Maintaining accurate financial records is the cornerstone of responsible financial management. Taxpayers need to keep meticulous records of all financial transactions and activities throughout the financial year. This includes documenting income from various sources such as salary, business, investments, or any other sources. Additionally, tracking expenses, investments, deductions claimed, and tax payments made is crucial. Accurate financial records serve as the foundation for preparing and filing an accurate Income Tax Return (ITR).

Understanding Tax Laws and Regulations

Understanding tax laws and regulations that are relevant to your financial situation is essential for compliant tax filing. Tax laws can be complex and often undergo changes, so it’s crucial for taxpayers to stay informed and updated. This understanding helps ensure that taxpayers are compliant with the applicable tax laws, claim rightful deductions, and report their income accurately. It empowers taxpayers to fulfill their tax obligations and avoid legal complications due to non-compliance.

Filing ITR Timely and Accurately

Filing the Income Tax Return (ITR) accurately and within the specified due dates is a primary responsibility of taxpayers. Timely and accurate filing ensures compliance with tax regulations and helps in fulfilling the legal requirement of reporting your income and taxes to the tax authorities. Delays or inaccuracies in filing can lead to penalties and legal complications, highlighting the importance of adhering to the deadlines and providing precise and complete information in the ITR.

Choosing the Appropriate ITR Form

Taxpayers must carefully choose the correct ITR form based on their income sources and financial situation. The Income Tax Department provides various ITR forms catering to different categories of taxpayers and sources of income. Each form has specific instructions and requirements, so selecting the appropriate form is crucial for accurate reporting. Failing to choose the correct form can lead to discrepancies in the reported income, deductions, and tax liability, potentially resulting in legal issues.

Roles and Responsibilities of Chartered Accountants – CA For ITR Filing

Guidance and Assistance:

CAs can provide guidance and assistance to taxpayers in understanding tax laws, preparing financial statements, and navigating the ITR filing process.

Ensuring Compliance:

CAs ensure that the ITR is prepared in compliance with the applicable tax laws and regulations. They can help optimize tax liability while ensuring legal compliance.

Reviewing and Submitting ITR

CAs can review the ITR before submission, checking for accuracy and completeness. They handle the submission process and any subsequent communication with tax authorities.

Importance of Accurate Information to the CA

If a taxpayer seeks the assistance of a CA for ITR filing, providing accurate and complete information is paramount. The accuracy of the ITR filing heavily relies on the accuracy of the information provided to the CA. Misleading or incomplete information can lead to errors in the ITR, potential penalties, and unnecessary legal issues.

In conclusion, filing Income Tax Returns is a shared responsibility between the taxpayer and the Chartered Accountant. While CAs can offer valuable assistance and expertise, taxpayers are ultimately accountable for the accuracy and timeliness of their ITR filing. Understanding the roles and responsibilities of both parties is essential for a seamless tax-filing process. Seeking professional assistance from a CA is beneficial, but ensuring accurate information and active participation from the taxpayer is crucial for compliant and accurate ITR filing.

ICAI’s Role in Integrating BCom with CA Curriculum: A Path to Holistic Education for Commerce Professionals

Globalisation and increasing competition have led to a complex business environment requiring stringent compliance and the need for accounting professionals to adapt quickly. Former ICAI president CA Aniket Sunil Talati emphasizes ICAI’s role in integrating BCom with CA curriculum to equip accounting professionals with diverse skills matching job market demands. The integration aims to bridge the gap between theoretical university education and practical accountancy education, ensuring graduates are better prepared for industry demands. ICAI’s inclusive approach involves collaborating with universities, developing model syllabi, entering MoUs, providing recorded lectures, and involving CAs as ‘Professors of Practice‘. The response from higher educational institutions to MoUs has been positive, with agreements promoting uniform education, innovation, faculty development, and skill-building.

The CA curriculum has integrated technologies like blockchain and AI, and a similar inclusion in the Commerce curriculum is deemed necessary to develop IT skills and analytical decision-making capabilities in students, aligning with the demands of the dynamic business environment. The Model Curriculum aims to enable commerce graduates to become tech-savvy professionals and emphasizes the importance of technology and ethics in the CA syllabi.

The Model Curriculum also includes mandatory IT training to enhance students’ proficiency in accounting software, data analytics tools, and enterprise resource planning (ERP) systems. This integration seeks to create well-rounded accounting professionals who possess both the technical knowledge and the ethical framework required in today’s business landscape. Emphasizing the synergy between technology and ethical considerations, the integrated curriculum aims to produce graduates who can navigate the complexities of the global business environment with integrity and proficiency. The evolving nature of the business world necessitates a forward-looking approach, and the collaboration between ICAI and educational institutions represents a proactive response to the industry’s evolving needs.

Success Story of Madhur Jain: Journey to Topping the CA Final Exam

Twenty-two-year-old Madhur Jain from Jaipur has topped the CA Final exam by scoring 77.38% in the results released by ICAI. Mr Jain qualified the exam in his first attempt by scoring 619 marks out of 800. 

Speaking to NDTV, the young man credited his success to hard work. “Hard work, Patience and Persistence are key to success in any field. I have dedicated the last six months entirely on self study and hard work. My coaching had already completed the course in March and since then I have just been studying on my own by referring to the notes that I received from the institute,” he said.

Success Story of Madhur Jain: Journey to Topping the CA Final Exam
Success Story of Madhur Jain: Journey to Topping the CA Final Exam

Mr Jain prepared for his final year CA exam through online coaching. While preparing, he would dedicate two-three months on each of the eight subjects. For his final preparations, he paid more attention to self study besides taking up mock tests for each subjects.

Talking about his results, Mr Jain said that he never expected to bag the first rank and was just hoping to pass the exams. “I had no expectations of bagging the first rank across the country though my examinations went well.”

He added that his brother had also secured the sixth rank in the CA 2020 results and was an inspiration and support for him. He was motivated by seeing his brother and other cousins who were all excelling in the same Chartered Accountancy profession. 

Mr Jain’s father died in 2021 during the Covid period. But his death did not hinder or deter his ambition and hard work. His mother is home maker. 

Talking about his early education, Mr Jain told NDTV that he has scored a 10 CGPA in Class 10 and 93.6% in Class 12. He did his schooling from Bharatiya Vidya Bhavan’s Vidyashram. He also bagged ranks in the Foundation and Intermediate level of the CA course. Mr Madhur secured 15th rank in the Foundation Course and stood 13th in the Intermediate course. He pursued BCom from IGNOU and is simultaneously studying CFA and has qualified the level 1 of the course.

Shedding light on his future plans, Mr Jain said he is pursuing CFA to widen his opportunities. While he has no aspirations of moving abroad, but the course will open opportunities for him in India and other countries as well.

Restart Concept

डरते मरते कर डालोगे फिर से एक शुरुआत #RESTART

We would advise new students to start their further studies by staying motivated so that they can reach their goals.

The Power to Restart: Aligning with ‘Haar Nahi Manunga’: Inspired by Atal Bihari Vajpayee’s poetic declaration of ‘Haar Nahi Manunga,’ the film echoes the sentiment of never accepting defeat. Sharma’s decision to embrace the power to restart aligns seamlessly with the verses, allowing us to rewrite our stories, reclaim our dreams, and march forward undeterred by past failures.

#Restart

After a long time saw an impressive film that can inspire millions of people to dream big

This narrative is about failing repeatedly and starting over each time to achieve your goal.

The story is about true friendship, love, and family above all,

{12th Fail}, which is based on Anurag Pathak’s novel, is a recognition of millions of students and their perseverance. The movie tells the true story of Manoj Kumar Sharma, an IPS officer from Chambal, a small town in India, who bravely started the preparation for the UPSC exams, one of the country’s most difficult exams.

The movie is a real motivation for everyone who has the courage to view setbacks as an opportunity to grow and #Restart

Stay Focused

Manoj only had one goal in mind: becoming an IPS officer.

Absorb in and evolve from your mistakes.

He failed, got back up, and then failed again. Upon experiencing every setback, he would analyse the pattern of his shortcomings and take steps to improve upon it.

The only solution is perseverance.

He lived in a cramped room with a very noisy “atta-chakki,” worked as a guard in the library, cleaned toilets, and studied throughout the night with an eye toward his goal.

When you dream, the cosmos will help you; be grateful to those who helped you along the way.

Above all, his close companions Shardha, Pandey Ji, and Goury Bhai provided him with an unwavering support.

Accepting Criticism as a challenge

Manoj elevated his concentration on the objective by viewing every criticism as a challenge. No matter how harsh the criticism or consequences, if you truly have a clear purpose or goal in life, you will follow the route to success.

Be Truthful! ethics come first.

He was sincere and never strayed away from the road of ethics in spite of all the strange situations, criticism, and disappointments.

Continue! Simply press the #Restart button as many times as desired!

#Restart #Restart #Restart

Result of CA Inter, CA Final November 2023

ICAI CA Inter, Final Result: The Institute of Chartered Accountants of India is expected to announce the ICAI CA Final November 2023 Result and ICAI CA Inter Result 2023 between January 5 and 10, 2024. The results will be declared on the official website at icaiexam.icai.org. “CA Intermediate and Final Nov 23 Exam result may be expected between 5th Jan to 10th Jan,” an ICAI official said on X earlier. To check and download their ICAI CA intermediate and final results, candidates will need to log in to the official website, icai.org, using their roll numbers and registration numbers or pin numbers. Additionally, the institute will publish the merit list along with the ICAI CA results for candidates to review.

ICAI CA Inter, Final Result 2023: Steps To Check

ICAI CA Inter and Final candidates for 2023 can follow these steps to check their results:

Step 1: Visit the official websites: icaiexam.icai.org, caresults.icai.org, or icai.nic.in.

Step 2: Look for the result link highlighted on the homepage.

Step 3: Click on the link and proceed to login using your roll number, registration number, and the provided captcha code.

Step 4: After entering the required details, submit the information to access and download your scorecards.

The CA Foundation exams were conducted on December 24, 26, 28, and 30, while the CA Intermediate exams for Group 1 were held on November 2, 4, 6, and 8, and for Group 2 on November 10, 13, 15, and 17. As for the CA Final exams, Group 1 took place on November 1, 3, 5, and 7, and Group 2 on November 9, 11, 14, and 16.

It’s crucial for candidates to stay informed about the latest updates regarding the ICAI exams for November 2023. Candidates are advised to regularly check the Institute’s official website for further updates and information.

Complete Guide to CA Final Registration for May 2024

CA Final Registration May 2024 session is open at ICAI. You can sign up under the new scheme starting July 1, 2023. Get all the details you need for CA Final Registration for May 2024!

CA Final Registration: The Institute of Chartered Accountants of India (ICAI) is now accepting registrations for the CA Final exam in May 2024, starting from July 1, 2023, under their new scheme. If you plan to take the exam, make sure to complete your registration by January 1, 2024. CA Final 2024 application cost is Rs 22,000. While ICAI allows registration throughout the year, it’s crucial to meet the cutoff dates. 

Ensure you meet the CA Final eligibility criteria before applying. For more details on CA Final Registration for May 2024, don’t miss the deadline and check the official website.

CA Final Registration 2024 Overview

Check the below table for a quick overview of the CA Final Registration for May 2024:

ICAI CA Final Registration 2024: Overview
ParticularsDetails
Full Exam NameCA Final Exam
Conducting BodyThe Institute of Chartered Accountants of India
Frequency of Conduct2 times a year
Exam LevelNational Level Exam
LanguagesEnglish
Mode of ApplicationOnline
Mode of ExamOffline
Exam Duration3 Hours
Official Websiteicai.org

CA Final Registration 2024 Important Dates

If you’re planning to take the CA Final exam in 2024, it’s essential to be aware of the important dates. The exam is held twice a year, either in May/June or November/December.

Refer to the table below for key dates, and any changes will be communicated here. Stay updated on the schedule to ensure you don’t miss any crucial events in the CA Final registration process for May 2024.

ICAI CA Final Registration 2024: Important Dates
EventsDates
Registration WindowJuly 1 – December 31, 2023 (Registrations Open)
Exam Form AvailabilityWill Be Notified 
Exam Form ClosesWill Be Notified 
Exam dateMay 2024 (Dates will be Notified Later)

Documents Required for CA Final Registration May 2024

Before you start filling out the CA Final application for May 2024, ensure you have the following documents ready:

  • A recent passport-size coloured photograph of yourself.
  • A duly attested mark sheet of CA IPCC/CA Intermediate.
  • Proof of nationality if you’re a foreign student.
  • Attested proof of special category certificate for SC/ST/differently-abled candidates.
  • If you’re not applying directly and came through CA Foundation/CPT, have the duly attested mark sheet ready.

Make sure to scan these documents to facilitate a smooth CA Final Registration process.

Steps for CA Final Registration May 2024

To register for ICAI CA Final May 2024, follow these simple steps on the Student Service Portal (SSP):

Step 1: Visit ICAI’s official website at icai.org.

Step 2: Select “Student Services” from the dropdown menu after clicking on the “e-services” menu.

Step 3: Scroll down and select the “Self-Service Portal” to proceed.

Step 4: Log in using your user ID and password. If you don’t have an account, click on the provided link.

Step 5: Navigate to the “Final” tab to access the CA Final 2024 registration form.

Step 6: Fill in your general details such as name, address, marital status, and study medium.

Step 7: Follow ICAI’s guidelines and upload scanned copies of necessary documents. The document list is provided below the form.

Step 8: Complete the registration process by making the payment.

Step 9: Download the payment receipt for your reference.

By following these steps, you can register seamlessly for CA Final May 2024 without the need to visit ICAI’s branch or physically submit documents.

CA Final Registration Fees for May 2024

Check the below table for complete details on the CA Final Registration Fees for Nov 2024:

ICAI CA Final Registration 2024: Fees
DetailsFees
Final Registration Fees (INR)Rs. 22000
Final Registration Fee (USD)$ 1100

Note: If you’re a student from newly formed Union Territories such as Jammu, Kashmir, Ladakh, and North-East states, your CA Final Registration fee for May 2024 is reduced to Rs. 5500. Ensure you take advantage of this special rate by following the standard registration steps mentioned earlier.

CA Final Registration 2024 Validity

According to ICAI’s rules, CA Final exam results are valid for five years. After this period, you need to extend your registration. Here’s how:

Once revalidation is complete, you can participate in the CA Final exam for the respective session by specifying the revalidation date in your exam form. This process ensures your eligibility beyond the initial five-year period.

CA Final Registration 2024 Cutoff Dates

Check here for the CA Final Registration 2024 Cutoff Dates:

ICAI CA Final Registration 2024: Cutoff Dates
SessionsCut-off Dates
May Session ExaminationJanuary 1, 2024
November Session ExaminationJuly 1, 2024

Therefore, registering for the CA Final in May 2024 demands careful attention to deadlines and procedures. Following these steps diligently sets the foundation for a seamless registration process, ensuring you are well-prepared for the upcoming exams.

Furthermore, for top-notch coaching in the CA Final and other CA exams, PhysicsWallah (PW) stands as a leading institution. PW’s commitment to excellence and quality education makes it a preferred choice, offering students the guidance and expertise needed for success in the demanding field of Chartered Accountancy.

Pursuit of Multiple Courses: Karnataka High Court Grants Student Membership to Institute of Chartered Accountants

The High Court of Karnataka has said that it was appropriate to ‘bend the arc of justice’ to accommodate a student and allowed her to be enrolled as a member of the Institute of Chartered Accountants of India.

The ICAI had invoked Regulation 65 of the institute and claimed that it had only given her permission for the final courses, but the student had completed multiple foundation courses that preceded the final courses.

In a recent judgement, the court rejected this contention and called it “a contention skating on thin ice, as the foundation courses get subsumed in the final courses, and permission is granted for pursuing final courses.”

Nikitha K J, from Bengaluru, approached the court after the institute issued an order/communication on May 1, 2023, declining to accede her request for membership to practice as a Chartered Accountant.

Nikitha had simultaneously enrolled for a BCom degree and the CMA Foundation in 2017. Then she pursued a CS-Executive Course in 2018.

She also enrolled for several other courses and completed all of them except the BCom degree. She joined the Chartered Accountant Articleship training and sought permission to continue her BCom degree.

The permission was granted, and she completed BCom in 2020. She subsequently completed the CMF final exam and CS Professional course. She finally applied for enrollment in the institute.

First seeking clarification on how she pursued multiple courses, the institute then rejected her application. It also imposed a fine of Rs 10,000 on her for pursuing multiple courses.

Before the bench of Justice M Nagaprasanna, the institute submitted that as per Regulation 65, multiple courses being pursued by the student, who had enrolled for Articleship is barred.

The student, however, contended that each time permission was sought and obtained to pursue a new course.

The court in its judgement said, “A student will not know the implications of law. A student knows only to study and ponder over the study material. She has studied and completed the courses. It is rather surprising that the second respondent wants to stifle the career of a student, who has pursued multiple courses and gained such acumen to practice as a Chartered Accountant.”

The court said that the student had more acumen than specified.

It would be helpful to the Institute of Chartered Accountants, and the Society, if a student has extra acumen, than the chartered accountantship alone. Such acts of the second respondent against a student who has only studied and done nothing else, that too, after seeking permission, would not behove the 2nd respondent to be a State under Article 12 of the Constitution of India,” it said.

The court noted that the student had obtained permission from the institute on every occasion she pursued a new course. So the institute cannot now hide under the regulations.

“The petitioner/student has been diligent in securing permissions. The mighty respondent now wants to jeopardise the career of a student on the score that it had not properly accorded permission or permission was not properly sought by the student. This act of the 2nd respondent (Institute) sans countenance,” the court said.

Rejecting all the submissions of the institute, the court in its judgement on December 7, said, “Therefore, this Court repels those submissions of the learned counsel for 2 nd respondent, for the praedictus reasons, I deem it appropriate to bend the arc of justice for a student and direct grant of Membership of the petitioner to the Institute without brooking any further delay.

The court directed the institute to “consider addressing the grievance of the petitioner in accordance with law and enrolling her as a member of the institute bearing in mind the observations made in the course of the order.” The institute was direct to pass an order within four weeks.

13430 candidates qualified as Chartered Accountants

RESULT OF CHARTERED ACCOUNTANTS FINAL EXAMINATION HELD IN MAY-2023

The result of the Chartered Accountants Final Examination was declared

Rrecently. The details of percentage of candidates passed in the above said examinations are given below:

Group(s)No. Of Candidates appeared No. Of Candidates passed % of pass
IGroup- I57067679511.91
IIGroup- II618441943831.43
IIIBoth Groups2584121528.33

Consequent to declaration of result as mentioned above, 13430 candidates qualified as Chartered Accountants.

The details of top three rank holders on the all-India basis for the FINAL Examination held in May – 2023 with the marks secured by them are also given herewith.

RESULT OF CHARTERED ACCOUNTANTS INTERMEDIATE EXAMINATION HELD INMAY-2023

The details of percentage of candidates passed in the above said examinations are given below:

Group(s) No. of candidates appeared No. of candidates passed % of pass
IGroup-I1007811910318.95
IIGroup-II819561920823.44
IIIBoth Groups39195401410.24

The details of top three rank holders on the all-India basis for the INTERMEDIATE Examination held in May – 2023 with the marks secured by them are also given herewith.

CA Result May 2023; CA Final, Intermediate Pass Percentage 2023

RESULT OF CHARTERED ACCOUNTANTS FINAL EXAMINATION HELD IN MAY-2023

How to download CA Inter result May 2023

  • Go to the official website of ICAI – icai.nic.in
  • Click on the link for intermediate result May 2023
  • Enter login credentials such as PIN number and date of birth or application number
  • CA intermediate result May 2023 will be displayed on the screen
  • Download the scorecard and take a print out for future reference

Steps to check ICAI CA final results May 2023

  • Go to the official website of ICAI – icai.nic.in
  • Click on the link for CA final result May 2023
  • Enter login credentials such as PIN number and date of birth or application number
  • CA final result May 2023 will appear on the screen
  • Download the scorecard or take a screenshot for future reference.

In the last session, 21.39% of students passed CA Final group 1 and 18.61% passed group 2 exams. The overall pass percentage stood at 11.09%. Whereas, in CA Inter exams 21.19% students passed in group 1 and 24.44% passed group 2. The overall pass percentage was 12.72%.

ICAI CA Final exams May 2023 were conducted for group 1 between May 2 and May 9 and for group 2 from May 11 to May 17. CA Inter May 2023 exams were held from May 3 to May 10 for group 1 and from May 12 to 18 for group 2.

CAs who conduct the audit of Public Sector Banks (PSBs) are worried about the new laissez-faire attitude of the RBI

Chartered accountants (CAs) who conduct the audit of Public Sector Banks (PSBs) are worried about the new laissez-faire attitude of the Reserve Bank of India (RBI).

The RBI has drastically reduced the percentage of business of bank branches that can be audited for the current financial year. Not only this, but from the next financial year, the RBI has left it to the PSBs to decide the percentage of the business they want to get audited.

CAs say this will severely impact their ability to properly assess the situation and highlight the risks.

RBI circular details
A recent circular from the RBI declared that the statutory branch audit of the PSBs should be carried out to cover only 70 per cent of the funded and non-funded business for 2022-2023 and that from 2023-2024 each bank can decide on its own the percentage of business be audited.

Earlier, the audit coverage of any PSB branch was 90 per cent, which would practically ensure the auditors got nearly the whole picture.

In combination with the rule, the RBI has also specified that the PSB board can decide on the selection of branches for audit purposes, which would effectively mean that 100 per cent of branches will not be covered under the audit.

PSBs have a total network of 84,000 branches in India, and the RBI has said that each auditor can cover only two branches.

“For FY23, statutory branch audit of PSBs shall be carried out so as to cover a minimum of 70 per cent of all funded and 70 per cent of all non-funded credit exposures of the bank. For FY24 and onwards, the PSBs are being given the discretion to determine business coverage under statutory branch audit, as per their board approved policy, after considering bank-specific aspects relating to business and financial risks,” said the RBI circular.

Expert’s take

Rajesh Sharma, the former Central Council member of the Institute of Chartered Accountants of India said, “We all are witness to what has happened in the past to many small banks in India. Take the recent incident of the Silicon Valley Bank in the US.”

Sharma added, “Banking crises emerge when their balance sheets don’t show a clear picture. Reducing the business coverage for audit purposes can be dangerous as the red flags can escape scrutiny. Earlier, the RBI took the rural branches of PSBs below ₹20 crore business off the audit list and is now reducing the scope of audit over the business. These are bad precedents, which will expose several banks to a risk.” .

Also, there could be some chaos among the PSBs and audit firms as the RBI has said that any audit entity which is preferred by multiple banks is allocated only to one bank on a first-come first-serve basis.

Hence, prior to the appointment or reappointment of auditors, each PSB has to upload the names of the entities they choose, on RBI’s audit allocation system.

Last date Today for verification of CA Final, Inter

ICAI CA Final, Inter Nov Result 2022 Verification last date today

verify their results, the ICAI released on January 21, 2023 and the last date is today, January 9, 2023.

Candidates who still have not verified their results are advised to do so as the link will close today by the end of the day. The results can be verified on the website, icaiexam.icai.org.You would have to enter your examination number, registration number and roll number and submit.

ICAI CA Final, Inter Nov Result 2022 Verification: How to apply?

  1. Visit the official website – icaiexam.icai.org
  2. Then click on the link “Click Here for apply online for Verification(Final, Intermediate&Intermediate-Units) – November 2022”
  3. Enter the examination, registration number and roll number
  4. Submit and take a print out of the same

CA Result 2021: Check ICAI CA Final, CA Foundation Result – steps and link

Institute of Chartered Accountants, ICAI has declared CA Final Result 2021 and CA Foundation Result 2021. The examination were conducted in December 2021 and the results are now available online on the various websites icai.nic.in, icaiexam.icai.org and caresults.icai.org. Steps and direct link to check the result is provided below for quick reference.

Result for CA Final Old and New Course and well as CA Foundation 2021 December Examinations have been released. Merit list of the candidates has also been released and is now available on icai.ni

CA Result 2021: Check ICAI CA Final, CA Foundation Result – steps and link

  1. Go to the official website icaiexam.ica.org, icai.nic.in or caresults.icai.org (Results are available on all the three websites now)
  2. On the new window that opens, select the result you wish to check – CA Final Result 2021, CA Foundation Result 2021
  3. A new window would open
  4. Enter your registration number and details and click submit to view your result

Candidates can click here for the direct link for ICAI CA Final, CA Foundation Result 2021

ICAI issue Important Update for CA Exams May 2022

APPLICABLE STUDY MATERIAL FOR MAY 2022 EXAMS – NEW SCHEME FOUNDATION, INTERMEDIATE AND FINAL COURSE

FOUNDATION COURSE – New Scheme – Applicable material for MAY 2022 Exams

 For MAY 2022 Exams
SubjectsEdition Month & Year
Paper 1: Principles and Practices of Accounting (Module 1 and Module II)September, 2021
Paper 2: Business Law & Business Correspondence and Reporting Section A: Business Law  September, 2021
Section B: Business Correspondence and ReportingSeptember, 2021
Paper     3:     Business     Mathematics     and     Logical Reasoning & StatisticsSeptember, 2021
Paper 4: Business Economics & Business and Commercial Knowledge Part I: Business Economics  September, 2021
Part II: Business and Commercial KnowledgeSeptember, 2021

INTERMEDIATE COURSE – New Scheme – Applicable material for MAY 2022 Exams

SubjectsEdition Month & Year
Accounting SM (Module 1, 2 and 3)September, 2021
Accounting PronouncementSeptember, 2021
Corporate and Other Laws – SM Part I and II (Modules 1 & 2)September, 2021
Cost and Management Accounting – SM (Modules 1 and 2)September, 2021
Taxation – Section A: Income tax Law – SM (Module 1, 2 and 3)June, 2021
Taxation Section B: Indirect Taxes – SM Module 1 and 2August, 2021
Group II 
Advanced Accounting SM (Module 1, 2 and 3)September, 2021
Accounting Pronouncement –July, 2019
Auditing and Assurance SM – Module 1 and 2September, 2021
Auditing Pronouncement –July, 2019
Enterprises Information Sys. SMSeptember, 2021
Strategic ManagementSeptember, 2021
Section A: Financial Management – SM Module 1 and 2September, 2021
Section B: Economics for Fin. SMSeptember, 2021

FINAL COURSE – New Scheme Applicable material for MAY 2022 Exams

FINAL COURSEEdition Month & Year
Subjects 
Paper 1: Financial Reporting (Module 1, 2, 3 and 4)October, 2021
Paper 2: Strategic Financial ManagementOctober, 2021
Paper 3: Advanced Auditing and Professional Ethics (Module 1, 2 and 3)October, 2021
Paper 3: Auditing Pronouncement,June, 2019
Paper 4: Corporate and Economic Laws Part I: Corporate Laws (Module 1 & 2) Part II: Economic Laws (Module 3)October, 2021
Paper 5: Strategic Cost Management and Performance Evaluation (Module 1, 2 and 3)October, 2021
Paper 6: Elective Paper: 
6A Risk ManagementAugust, 2019
6B Financial Services & Capital MarketsPart A: November, 2020 Part B: July, 2021
6C International TaxationOctober, 2021
6D Economic LawsOctober, 2021
6 E Global Financial Reporting StandardsOctober, 2021
6F Multi – disciplinary Case StudyAll Core papers edition (October, 2021)
Paper 7: Direct Tax Laws & International Taxation Part I: Direct Tax Laws Part II: International Taxation (Module 1, 2, 3 and 4)October, 2021
Paper 8: Indirect Tax Laws Part I: Goods and Services Tax Part II: Customs & FTP (Module 1, 2, 3 and 4)October, 2021

Director, Board of Studies

Chartered Accountants fear loss of autonomy

Chartered accountants have strongly opposed the government’s move to introduce non CAs into the disciplinary committee of the Institute of Chartered Accountants of India.

The Chartered Accountants, Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021, has proposed the inclusion of two CAs and three non-CAs — often government nominees —  in the ICAI disciplinary committee, a change from the current setup comprising two non-CA nominees and three ICAI members.

The rejig in composition changes the power equation in favour of non-CAs in the committee which oversees the complaints and enquiries relating to the misconduct of members.

The proposal to have a non CA as the presiding officer of the disciplinary committee has also irked the fraternity as it is a post traditionally held by the president of the institute who holds considerable sway over the committee’s decisions. The bill introduced in the winter session of Parliament has been referred to  standing committee.

Many chartered accountants feel non CAs won’t have the deep knowledge of accounting that’s required to deliver fair judgements.

“The ICAI had shared its reservation with the ministry only on one of the points of the CA amendment bill, with regards to the constitution of the disciplinary committee,” Nihar Jambusaria, president, ICAI, said.

Ved Jain, past president of the ICAI, said “the non CAs won’t have the in-depth knowledge of accounting, which is a must for fair judgement. Simply because there is pendency in the judiciary, the government cannot appoint non-judicial persons to reduce the burdens of the courts.”

“If there are any aberrations, the specific cases should be scrutinised and action be taken and not appoint a body to oversee the regulating body,” he said.   

ICAI vice-president Debasish Mitra said “we would present our case to the parliamentary panel so that a balanced view on the issue could be taken”.

The bill has proposed a time limit to resolve cases under investigation and allows the ICAI to take action not just against individuals but also  firms for lapses.

The ICAI indicated they are not opposed to the time limit, which would ensure speedy resolution of complaints.

ICAI CA foundation, final Exam Results 2021: Nandini Agrawal, Ruth Clare Dsilva Top the exam [ICAI CA Toppers 2021 list]

CA foundation and final (old and new courses) results are now available at icaiexam.icai.org, caresults.icai.org and icai.nic.in. Candidates who wish to apply for verification of answer sheets can apply for the same within a month along with a demand draft of Rs 200.

In the Chartered Accountants (CA) final exam held in July, 46,139 had registered for the old course while in the new course, 83,606 candidates had applied. As per ICAI, 82,839 had applied for the foundation course.

The Institute of Chartered Accountants of India (ICAI) today announced the results of Chartered Accountants Final (Old Course & New Course) and Foundation Examination held in July, 2021.

I. Details of top two rank holders on All India Basis for Chartered Accountants Final Examination (Old Course) held in July, 2021 are mentioned below:

The above details are also attached at Annexure-A.

II. The result analysis of the Chartered Accountants Final Examination (Old Course) in terms of number of candidates appeared, number of candidates passed and the pass percentage is mentioned in the attachment at Annexure-B.

III. For your reference, placed below is the data for Chartered Accountants Final Examination held in July, 2021.

• No. of Students admitted in the Final Exam (Old Course) – 46,139
• No. of Exam Centers– 526

Chartered Accountants Final Examination (New Course) held in July, 2021

I. Details of top three rank holders on All India Basis for Chartered Accountants Final Examination (New Course) held in July, 2021 are mentioned below:

The above details are also attached at Annexure-C.

II. The result analysis of the Chartered Accountants Final Examination (New Course) in terms of number of candidates appeared, number of candidates passed and the pass percentage is mentioned in the attachment at Annexure-D.

III. For your reference, placed below is the data for Chartered Accountants Final Examination (New Course) held in July, 2021.
• No. of Students admitted in the Final Exam (New Course) – 83,606
• No. of Exam Centers – 684

Chartered Accountants Foundation Examination held in July, 2021

I. The result analysis of the Chartered Accountants Foundation Examination held in July, 2021 in terms of number of candidates appeared, number of candidates passed and the pass percentage is mentioned in the attachment at Annexure-E.

II. For your reference, placed below is the data for Chartered Accountants Foundation Examination held in July, 2021.
• No. of Students admitted in the Foundation – 82,839
• No. of Exam Centers across the globe – 694

The results and the details of marks of the Final Examination (Old Course & New Course) and Foundation Examination have been hosted on the following mentioned websites:

  1. icaiexam.icai.org
  2. caresults.icai.org
  3. icai.nic.in

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Founders – CMA Mrudula M & Dr. Ragunath R are highly motivated professionals with the aim of helping students.

Through KaizenEdu they provide:

Online coaching is provided via a virtual platform – A user friendly mobile application. Students can choose the subjects they want and subscribe (Like Netflix or Prime) for the period they want and learn on the go in their pace.

The Editorial page of KaizenEdu contains high quality articles written by Commerce professionals experienced in their respective fields. The Idea is to educate students and fellow professionals with technical, autobiographical, career counselling and motivational articles.

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The founders are building a skill development wing to ensure students become ‘Complete Professionals’ equipped with all soft skills necessary to grow into successful professionals. This is coming soon.

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FREE CA education- A small step

Sonu Sood Launches Free CA Education For Aspiring Students, Says ‘we Need Bright CA’s’

New initiative under the ‘Sood Charity Foundation’ along with the actor will be helping the CA aspiring students to get internship opportunities, coaching, and placements. To register for the same, one has to go to soodcharityfoundation.org.

ENTERNSHIP | COUCHING | PLACEMENT 

By sood charity Foundation, WIRC of ICAI, Media Chutney

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Most favorable time to conduct CA exam: ICAI

The ICAI on Monday told the Supreme Court that this is the most favorable time to conduct the CA exam as the cases of COVID-19 are now at a very low level. She said that it provides an opportune time for the Chartered Accountant to pursue their professional career.

ICAI informed the court today that out of 3.74 lakh candidates, 2.82 lakh candidates have downloaded the admit card and wish to appear in the examination. Petition with optout scheme, in which ICAI has opted-out option for those students, under which such students who themselves or their families are corona positive. Such candidates will be given an opt-out option. These candidates will be able to appear in the November exam cycle.

Let us tell you that the CA Foundation exam will start from July 24 and the CA Inter exam will be held from July 6 to 20. The CA final exam is to be held from July 5 to 19. Admit cards have been issued for these exams.

Read more at: Loan relief scheme, government will give credit guarantee of 1.1 lakh crores

ICAI Training Rules Revised : Key Highlights

The Institute of Chartered Accountants (CA) of India, with the approval of the Central Government, vide notification no. No. 1-CA(7)/196/2021 dated 22.06.2021&Gazette Id No. CG-DL-E-23062021-227811, made amendment to the Chartered Accountants Regulations, 1988.

  • Applicability:

With effect from the date of their publication in the Official Gazette i.e. 22.06.2021.

  • Key Highlights:

1. Regulation 51revised which deals with Industrial Training Provisions:

  • Reg. 51 (1) EligibilityCriteria for industrial training:

An articled assistant who has passed the Intermediate (Professional Competence) Examination or ProfessionalEducation (Examination-II) or Intermediate examination and has completed a minimum of 18 monthsof practical training according to these regulation.

  • Reg. 51 (2):

(a) An articled assistant may, serve as an industrial trainee for a period (n nine months to eighteen months) in theoffices of the Central or State Governments, Central statutory and judicial authorities, regulatory bodies,banking companies and such other departments of Central or State Governments, Institution or Organizationas may be decided by the Council from time to time; or

(b) in any of the financial, commercial, industrial undertakings with minimum fixed assets or minimumtotal turnover or minimum paid-up share capital as may be approved by the Council from time to time.

    • Reg. 51 (3):Intimation regarding commencement of training must be share with the principal with 3 months the date on which such training is to commence.
    • Reg. 51(4): Period of Industrial Training: between 9 to 18 months.
    • Reg. 51 (5): Who can Impart Training: -Member of the Institute “ICAI”. –ACA: who is member of ICAI for a Minimum period of 3 continuous year – FCA:  Entitled to train two industrial trainees at a time.
    • Reg. 51 (6): Training Agreement shall be entered into in the form approved by the Council, as amended from time to time.
    • Reg. 51(7): Post completion of Industrial Training, the member (Trainer) shall issue a certificate in the form approved by theCouncil to the trainee and forward a copy of the same to the Secretary of ICAI.
    • Reg. 51(8):The period of industrial training shall be treated as service under articles for allpurposes of these Regulations.
    • Reg. 51(9):An articled assistant may also serve as an industrial trainee for a period from 6 to 18 months in any foreign Country under a member of the accountancy body.
    • Reg. 51(10):A member (Trainer) may depute a trainee for industrial training upto a period of 3 months in any foreign Country.
    • Reg. 51(11): monthly stipend: as may be agreed mutually between the industrialtrainee and the member imparting the industrial training.”

2. Amendment in Reg. 54 (5): Secondment of articled assistants

Previous Provision New Provision (amended)
Where an articled assistant is seconded to a member inindustry, the total period spent in industry by the articled assistant,including the period of industrial training under these regulations, shall notexceed 1 year. Where an articled assistant is seconded to a member inindustry, the total period spent in industry by the articled assistant,including the period of industrial training under these regulations, shall not exceed 18 months.

3. Amendment in Reg. 58: Supplementary Articles

Previous Provision New Provision (amended)
(2) If the period of the excess leave taken is sought to beservedunder the principal with whom such articled assistant last servedhis articles, a supplementary deed of articles in the form*approved by theCouncil shall be executed in continuation of the previous articles. (2) The periodof excess leave taken shall be servedunderthe principal with whom such articled assistant last served his articles and a supplementary deed of articles in the form*approved by theCouncil shall be executed in continuation of the previous articles.
(4) If the articled assistant chooses to serve under any othermember entitled to engage articled assistants under Regulation 43, theprovisions of Regulation 46 shall apply ‘mutatis mutandis’ except that nofee shall be charged for registration of articles under the said regulation.       Omitted

Source:Click Here

Bio of Author: CS LALIT RAJPUT

Company Secretary having 6+ years of post qualification experience in the Compliance Management Services industry by serving Corporates including Listed Companies, Corporate Secretarial Firms and LLP. He has contributed in ICAI, ICSI and MCCI and other various Newsletters. He is also a speaker at various platforms including seminars / webinars.

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RIL AGM full text of Speech & 9 Key points of Highlights speech

Disclaimer:

Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

Important Announcement regarding ICAI Chartered Accountancy Examinations

Important Announcement regarding ICAI Chartered Accountancy Examinations(Final, Intermediate/ IPC, Foundation and PQC Courses) – May/ July 2021 – Details regarding Opt – Out Option being provided to Candidates.

Read more at: ICAI Foundation, Intermediate (IPC), Intermediate, Final and Final-New Examination Admit Cards[Check Step-by-step Guide to Download Admit Card ]

ICAI REVISED SCHEDULE OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2021

REVISED SCHEDULE OF CHARTERED ACCOUNTANT EXAMINATIONS, MAY 2021

In continuation to Announcement dated 26.5.2021, students may note the revised schedule of Chartered Accountant Examinations to be held from 5th July 2021 to 20th July, 2021 from 2 PM to 5 PM (IST) as per details given below.

INTERMEDIATE (IPC) COURSE EXAMINATION – Under OLD SCHEME
[As per syllabus contained in the scheme notified by the Council under Regulation 28 E (3) of the Chartered Accountants Regulations, 1988]

Group-I: 6th, 8th, 10th & 12th July 2021
Group-II: 14th, 16th & 18th July 2021

INTERMEDIATE COURSE EXAMINATION – Under NEW SCHEME
[As per syllabus contained in the scheme notified by the Council under Regulation 28 G (4) of the Chartered Accountants Regulations, 1988.]

Group-I : 6th, 8th, 10th & 12th July 2021
Group-II: 14th, 16th, 18th & 20th July 2021

FINAL COURSE EXAMINATION – Under OLD SCHEME
[As per syllabus contained in the scheme notified by the Council under Regulation 31 (ii) of the Chartered Accountants Regulations, 1988.]

Group –I : 5th, 7th, 9th & 11th July 2021
Group -II: 13th, 15th, 17th & 19th July 2021

FINAL COURSE EXAMINATION – Under NEW SCHEME
[As per syllabus contained in the scheme notified by the Council under Regulation 31 (iv) of the Chartered Accountants Regulations, 1988.]

Group -I: 5th, 7th, 9th & 11th July 2021
Group -II: 13th, 15th, 17th & 19th July 2021

INSURANCE AND RISK MANAGEMENT (IRM) TECHNICAL EXAMINATION

Modules I to IV 5th, 7th, 9th & 11th July 2021

INTERNATIONAL TAXATION – ASSESSMENT TEST (INTT – AT)

5th & 7th July 2021

It may be emphasized that there would be no change in the examination schedule in the event of any day of the examination schedule being declared a Public Holiday by the Central Government or any State Government / Local Holiday.

Candidates may note that Elective Paper – 6 of Final Examination (under New Scheme) is of 4 hours. However, all other examinations are of 3 hours duration, and the examination wise timing(s) are given below:

ExaminationPaper(s)Exam. Timings (IST)Duration
Intermediate (IPC)All Papers2 PM to 5 PM3 Hours
Intermediate (New Scheme)All Papers2 PM to 5 PM3 Hours
Final (Old Scheme)All Papers2 PM to 5 PM3 Hours
Final (New Scheme)Paper 1 to 5 & Paper 7 & 8.

Paper 6 (Elective)		2 PM to 5 PM


2 PM to 6 PM		3 Hours


4 Hours
Post Qualification Course Examinations i.e., IRM and (INTT – AT)ALL2 PM to 5 PM3 Hours
*All papers of Post Qualification Course Examinations there will not be any advance reading
time, whereas in all other papers / exams mentioned above, an advance reading time of 15
minutes will be given from 1.45 PM (IST) to 2 PM (IST).

Further, In case of composite papers having both MCQs based & Descriptive Question Papers, seal of MCQs based Question Paper shall be opened at 2 PM (IST), in other words there will be no prior reading time for MCQs based Question Papers.

The Candidates are further advised to note the above and stay in touch with the website of the Institute, http://www.icai.org.

(S. K. Garg)
Additional Secretary (Examinations)

[embeddoc url=”https://taxconcept.net/wp-content/uploads/2021/06/65001exam050621c.pdf” download=”all”]

Expecting conducive atmosphere around July 5th for holding CA exam : ICAI

Expecting conducive atmosphere around July 5 for holding exam -Nihar Jambusaria ,ICAI President So request students to focus on study and don’t wait for schedule which should be there in due course .

Read more news :

COVID Affect: Rs. 1,02,709 Crore Gross GST Revenue Collected in May 2021

DHANRAJ SHARMA

Student Wins Case Against ICAI for Result which was Cancelled by the ICAI for Derogatory Remarks over Email

A student wins a case against ICAI for cancelling her result alleging that she had made derogatory remarks to the institute over email.

Hon’ble High Court decides the action of ICAI as suppression of right to speech and treating suggesion for improvement as challenge to it’s authority.

The student is PASS and the Institute has been directed to send original marksheet and certificate of passing to the student.

Hon’ble court has read such action by Institute as violative to Article 19(1)(a) of the Constitution of India. (Para 60).

Further, court pointed out that when petitioner has mailed her issues/remarks to President of ICAI and its office Bearers and not to Examination committee but instead Examination committiee is taking cognizance of the issue, it means that such office bearers should have forwarded such mail to Examination committee. In such case, it pose serious doubt on efficacy of remedy of review by Council under Regulation 176(3) – (Para 47 of the Judgement).

Judgement can be downloaded by Clicking Here

Cabinet approves Memorandum of Understanding between Institute of Chartered Accountants of India and Qatar Financial Centre Authority

  1. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved signing of Memorandum of Understanding (MoU) between Institute of Chartered Accountants of India (ICAI) and Qatar Financial Centre Authority (QFCA).

The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar.

Impact:

ICAI has a strong membership base of over 6000 members in Middle East and Qatar (Doha) Chapter is amongst the most vibrant Chapters of ICAI. ICAI members hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar. The signing of this MoU would provide an additional impetus to prospects of the ICAI Members in the entire Middle Eastern Region to have better recognition, together with working to support Indian businesses desirous of doing business in Qatar and thus supporting the growth of Qatar and India’s economies.

Benefits:

ICAI has an active Chapter in Doha, Qatar which was established in the year 1981 and is the oldest among the 36 overseas Chapters of the ICAI. The membership of the Chapter has grown steadily since its founding days and presently has over 300 members who hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar. This MoU will benefit Ministry of Corporate Affairs, Institute of Chartered Accountants of India and Qatar Financial Centre Authority.

Implementation strategy and Targets:

  • MoU will endeavourto  increase opportunities for members  of ICAI  to provide professional services through setting up practice for providing professional services in the State of Qatar in the areas of assurance and auditing, advisory, taxation, financial services and allied areas.
  • ICAI   shall   also nurture and develop local Qatar professionals, entrepreneurs and students through a specialized training programme, in collaboration with QFCA.
  • ICAI and QFCA will work together to explore the opportunities for Indian businesses in Qatar by organizing roundtables, networking events etc., as the case may be mutually agreed. 
  • ICAI and QFCA shall collaborate on opportunities that may arise in the fields of corporate governance, technical research and advice, quality assurance, forensic accounting, issues for small and medium sized practices (SMPs), Islamic Finance, Continuing Professional Development (CPD) and other subjects of mutual interest.

Background:

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament of India, The Chartered Accountants Act, 1949′, to regulate the profession of Chartered Accountancy in India. Qatar Financial Centre Authority (QFCA) an independent legal entity established pursuant to Law No. (7) of 2005,is responsible for the development and promotion of the QFC as a world-class on-shore financial and business centre in the State of Qatar.

DS

(Release ID: 1717940) 

ICAI issues advisory for students facing issues while filing June 2021 CA Foundation Exam Form

Examination Department
The Institute of Chartered Accountants of India
26th April, 2021

IMPORTANT ANNOUNCEMENT

It has been informed to the Institute that the students who wish to appear for June 2021 Foundation Examination in terms of Announcement No. 13-CA (EXAM)/Foundation/June/2021 dated 5th March, 2021 that they are facing problem while filing of Examination Application Form on account of –

(a) Getting their application/declaration attested from a CA Member/Gazetted officer/Head of the Educational Institute due to COVID-19; and

(b) Filling of Admit Card/Roll No. of Senior Secondary Examinations as the same has not been received due to postponement.

white ceramic mug on white paper

In view of the above, it is notified for general information that –

(a) the students of Foundation Course whose photographs and/or signature are not available in the systems be allowed to upload their Aadhaar Card along with Examination Application Form for June 2021 Foundation Examination and on normalization of situation of the ongoing pandemic, those students can send their concerned declaration duly signed by a member of the Institute / Gazetted Officer / Head of the Educational Institute to Institute at ICAI Bhawan, C-1, Sector-1 Noida 201301 or at foundation_examhelpline@icai.in by quoting their registration number.

(b) The students who have not received their Admit Card/Roll No. of Senior Secondary Examinations may declare that they will be appearing for such examination and on normalization of prevailing situation they can send their admit card /Roll Number to the Institute at ICAI Bhawan, C-1, Sector-1 Noida 201301 or at foundation_examhelpline@icai.in by quoting their registration number.

(S. K. Garg)
Additional Secretary – Exams

Cabinet approves MoU between ICAI and Chartered Accountants Australia and New Zealand

The Cabinet approved a fresh Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Chartered Accountants Australia and New Zealand, (CA ANZ).

It intends to develop mutually beneficial relationships in the best interest of members, students and their organizations and is expected to provide an opportunity to the ICAI members to expand their professional horizons and to foster working relations between the two accounting institutes. The two accountancy institutes will have an opportunity to play the leadership role in addressing new challenges facing the profession in a globalized environment.

The MoU provides for mutual recognition of qualification of members of other bodies, who have achieved membership by completing the Examination, professional program and practical experience membership requirements of the two parties.

 The Cabinet also approved the Mutual Recognition Agreement, MRA between the ICAI and Certified Practising Accountant CPA Australia. Under the MRA, both institutes will work together to establish a mutual co-operation framework for the advancement of accounting knowledge, professional and intellectual development, advancement of the interests of their members and contribute positively to the development of the accounting profession in Australia and India. The engagement between the two Institutes is expected to result in greater employment opportunities for Indian Chartered Accountants and also greater remittances back to India.

ICAI declares CA Final (New & Old Scheme) & CA Foundation Examination January 2021 Toppers & Pass Percentage

  • Pass Percentage of CA Final (New Scheme) Examination held in January 2021 Exams


Group(s)		No. of
candidates
appeared		No. of
candidates
passed		% of pass
IGroup— I1829711986.55 %
IIGroup—II18896
3409		18.04 %
IIIBoth Groups98685926 %

Consequent to declaration of result as mentioned above, 1270 candidates qualified as Chartered Accountants.

  • Pass Percentage of CA Final (Old Scheme) Examination held in January 2021 Exams

The details of percentage of candidates passed in the above said examinations.

Group(s)No. of
candidates
appeared		No. of
candidates
passed		% of pass
IGroup— I86864164.79 %
IIGroup—II132151614
12.21 %
IIIBoth Groups
3116		441.41 %

Consequent to declaration of result as mentioned above, 1412 candidates qualified as Chartered Accountants.

  • Results Of Chartered Accountants- Foundation Examination Held In January — 2021 – Pass Percentage and Toppers

Results Of Chartered Accountants- Foundation Examination Held In January — 2021 

The details of percentage of candidates passed in the above said examination are given below:

GENDERNo. of
Candidates
appeared		No. of
Candidates
passed		% of PassNo. of Exam
Centres
M17126426724.91502
F10682265524.85
TOTAL27808692224.89