Board of studies of ICAI announced on 15th March 2014 that the 98 sections of the Companies Act which are notified by Central Government on 12th September 2013 will be applicable for November 2014 examinations of CA Final and Intermediate.
As per this revision the syllabus of the following papers will be changed from November 2014 examinations.
For Intermediate course :
Paper 2 : Business Laws , Ethics and Communications .
Paper 6: Auditing and Assurance
For Final course :
Paper 4 : Corporate and Allied laws
Paper 3 : Advanced Auditing and Professional Ethics.
From these 98 sections , 53 sections are included in the Paper 2 (Business Laws, Ethics and Communication) of Intermediate course and 45 sections are included in the Paper 4 (Corporate and Allied laws) of CA final course.
Students can download the supplementary study materials of this amendments from the website of ICAI .
Supplementary study material for the IPC course : http://126.96.36.199/32794ssp-p2blec-ipcc.pdf
Supplementary study material for Final course : http://188.8.131.52/32793ssp-p4final.pdf
For detailed syllabus , you may refer the official announcement of Board of Studies of ICAI : http://184.108.40.206/32800bos-announ15mar14.pdf
ICAI announced that , the students who apply for the certified copy of evaluated answer sheets will now be provided with scanned copies of their answer sheets and not the physical copies. Physical copies of answer sheets will not be provided to the applicants henceforth.
Scanned answer sheets will be hosted in a website.Thte URL to the website will be sent to the applicants through their email address provided in application. Applicants can access their answer sheets through the URL using a user id and password provided along with the URL in the email. Applicants can enter the site where the answer books are hosted only through the URL in the email sent to them.
They can view and take print out of the scanned copies of the answer books sought by them, at their convenience, but not later than 10 days from the date of hosting.
Institute of Cost Accountants of India released the date sheets for June examinations of Intermediate and Final which are as follows :
ICSI announced a great change in the exam pattern by introducing Open Book Examination for Paper 9 of Module III of CS Professional programme. The changes will take effect from June 2014 examination.
Professional Programme (New Syllabus) offers five elective subjects in Module III, as mentioned herein below, out of which a student has to opt only one subject to study and qualify that suits his aptitude, interest, ability and career goal:
1. Banking Law and Practice
2. Capital, Commodity and Money Market
3. Insurance Law and Practice
4. Intellectual Property Rights-Law and Practice
5. International Business -Laws and Practices.
ICSI has decided to introduce Open Book Examination (OBE) in all the above five elective subjects from June 2014 onwards. However, in all other subjects/modules of Professional Programme (New Syllabus), students would continue to be examined as per traditional pattern of examinations.
The Institute of Company Secretaries of India has decided to discontinue OMR Based Examination and instead introduce Computer Based Examination (CBE) for its Foundation Programme students from June 2014 onwards. However, examinees would continue to be assessed through Multiple Choice Questions (MCQs).
Applicants for Permanent Account Numbers (PAN) will have to produce original documents of proof of identity, address and date of birth for verification at the time of applying.
The said change to be came in to force from 3rd February 2014. From this date onwards, every PAN applicant has to submit self-attested copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth (DOB) documents and also produce original documents of such POI/POA/DOB documents, for verification at the counter of PAN Facilitation Centres. The copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth (DOB) documents attached with PAN application form, will be verified vis a vis their original documents at the time of submission of PAN application at PAN Facilitation Centre. Original documents shall not be retained by the PAN Facilitation Centres and will be returned back to the applicant after verification.
ICAI announced that the results of CA Intermediate IPC November 2013 examination results to be announced on 31st January 2014 around 4.00 PM.
The results will be published at www.caresults.nic.in.
An applicant may make an online application for the verification of answer of sheets. The verification application (of IPC and Final students) needs to be submitted online to http://icaiexam.icai.org/ and the candidate is also need to upload a scanned copy of signed and handwritten application to the above mentioned website.
FEES FOR REVALUATION
For IPCC and final : Rs.100 per subject subject to maximum of Rs.400 per group/ both group.
For CPT .Rs.200 (for CPT online application is not available. Candidate need to send the physical application and fee through demand draft to The senior Deputy director (Exams), ICAI, C-1, Sector -1, Noida 201301 )
Last date for submitting Online application for CA final November examination 2013 is 14th February 2014.
Candidate has to write an application in his/her own handwriting preferably in black ink, Sign it, scan it as a jpg file of size 8-100KB (100 DPI) and upload the same. If the candidate appeared for the Exam in Hindi then the application must be in Hindi and If the candidate appeared for the Exam in English then the application must be in English. Do write the Roll Number, Name, Registration Number, Month/Year of Exam and DO NOT forget to sign before scanning. The list of papers to be verified will be taken from your selection made thru the portal and not from what is written in the scanned image.
The payment has to be made online thru Master/Visa/Maestro Credit/Debit Card. Net banking is not accepted.
The verification process takes 6-8 weeks and the outcome is informed to the candidate concerned and is also hosted on the site http://icaiexam.icai.org.
More details can be obtained from the FAQ s issued by ICAI: http://icaiexam.icai.org/verification/faq_verification.php
Here is a sample format of handwritten application which can be used to upload to the site.
No TDS to be deducted on service tax portion comprised in the payment to residents (circular 1/2014 of CBDT)Written by Admin
CBDT by its circular number 01/2014 dated 13th January 2014 notified that no TDS on service tax component on payments made to residents shall be deducted. Earlier in 2008 CBDT issued circular numbered 04/2008 which allowed the non deduction of TDS on the service tax component on payment of rent (under section 194I).
Now by the new circular numbered 01/2014 CBDT clarified that if the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under Chapter XVII-B of the Income Tax Act 1961 only on the amount paid/payable excluding the service tax component.
ICAI published the date sheets for May 2014 examinations (IPCC and Final).
Examination dates are as follows :
INTERMEDIATE (IPC) EXAMINATION
[As per syllabus contained in the scheme notified by the Council under Regulation 28 E (3) of the Chartered Accountants Regulations, 1988]
Group-I: 27th , 29th , 31st May 2014 and 2nd June 2014
Group-II: 4th, 6th and 8th June 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)
[As per syllabus contained in the scheme notified by the Council under Regulation 31 (ii) of the Chartered Accountants Regulations, 1988.]
Group -I: 26th , 28th , 30th May 2014 and 1st June 2014
Group -II: 3rd, 5th, 7th and 9th June 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)