Earlier students who have registered for articleship training from 1st August 2012 needed to undergo advanced ITT program of 100 hours. ICAI announced that the date of applicability of advanced ITT has been deferred to 1st February 2013 .
That means , students who have registered for articleship training from 1st February 2013 onwards is only required to undergo 100 hours advanced ITT course. And the applicable students should complete the advanced ITT course before appearing for the final examinations.
ICAI has issued draft amendments in Regulations 28E, 39, 48 and 204 of the Chartered Accountants Regulations, 1988, which is to increase the minimum stipend payable to articled assistants by the principal.
The following are the revised rate of stipends payable to articled assistants :
Any person desiring to make any objection or suggestion in respect of the said draft regulations, may forward the same to the Council of the Institute of Chartered Accountants of India within the period so specified addressed to the Secretary, the Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg, New Delhi – 110 002;
Any objection or suggestion which may be received from any person with respect to the said draft regulations before the expiry of the period so specified shall be taken intoconsideration by the Council.
ICAI Published the date sheets for November examinations od CA Final and CA IPC
INTERMEDIATE (IPC) Examination dates
Group 1 : 8th , 10th , 12th and 14th of November 2014.
Group 2 : 16th, 18th, 20th of November 2014.
Group 1: 7th, 9th, 11th, and 13th of November 2014.
Group 2:: 15th, 17th, 19th, and 21st of November 2014.
Applications for the examinations will be available from 12th August 2014.
ICAI published the results of Common Proficiency Test (CPT) held in June 2014. The Pass percentage of examination is 28.63%.
The detailed analysis of the result is as follows :
|Gender||No. of candidates appeared||No. of candidates passed||% of Pass|
Rank holders details :
ICAI announced that the results of Common Proficiency Test (CPT) held in June 2014 will be declared on 16th July 2014.
Students can check results from the website www.caresults.nic.in by entering their roll number and their Personal Identification Number (PIN)
A quick glance on changes proposed in indirect taxes.
Change in excise and customs duties:
‘Indian Customs Single Window Project’ to facilitate trade, to be implemented.
The scheme of Advance Ruling in indirect taxes to be expanded to cover resident private limited companies. The scope of Settlement Commission to be enlarged to facilitate quick dispute resolution.