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Posts Tagged ‘ICAI’

CA STUDIES VIA TELECONFERENCING

January 28, 2010 2 comments

Here is the Programme Schedule of classes for CA-CPT & PCC students at gyandarshan channel conducted by ICAI

CPT-FEB2010

PCC-FEB2010

Categories: ICAI Tags: , , , , , , , ,

Booth-capturing at ICAI polls

December 8, 2009 Leave a comment

The elections to the 21st Central Council and the 20th Regional Councils of the Institute of Chartered Accountants of India (ICAI) ran into rough weather after a booth capturing incident.

At least four unidentified men, including one toting a pistol, stormed an ICAI election booth at Vaishali (near Ghaziabad) on Saturday, tampering the ballot box and stuffing ballot papers, sources said.

The returning officer to the elections and ICAI Secretary, Mr T. Karthikeyan, confirmed the incident and added that a First Information Report (FIR) had been lodged with a police station.

The ICAI President, Mr Uttam Prakash Agarwal, however, denied the booth-capturing incident. “No such instance of booth capturing has so far been brought to my notice,” he said.

Mr Karthikeyan declined to comment on whether any decision has been taken on re-poll at the same region. The polling booth, which was manned by a senior Deputy Director of the ICAI, came under the central region of the ICAI.

This polling booth had two ballot boxes — one each for the Central Council and the Regional Council. The officer in-charge informed the ICAI secretary about the booth capture.

The official is understood to have rushed to the Vaishali booth with officers of the Institute, sources said. The police were also called in.

It is learnt that only the Central Council box was tampered with. In all, 14 candidates from the central region are in the fray for positions in the Central Council.

The incident came as a shock to the chartered accountants fraternity. This was the first time in the history of the ICAI that a booth capturing incident had occurred at Council elections, a top ICAI official said.

Categories: ICAI Tags: ,

Applicability of services for May and November 2010 examinations (PCC, IPCC & Final)

November 7, 2009 10 comments

ANNOUNCEMENT BY BOARD OF STUDIES OF ICAI (06-11-09) IMP

Applicability of services for May and November 2010 examinations:-

PROFESSIONAL COMPETENCE EXAMINATION

It is clarified that in Part –II : Service tax and VAT of Paper 5 : Taxation, students will not be tested on specific questions covering individual taxable services

INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION

It is clarified that in Part –II : Service tax and VAT of Paper 4 : Taxation, students will be examined only in respect of the following taxable services:

1. Legal consultancy services

2. Mandap keeper’s services

3. Commercial training or coaching services

4. Information technology software services

5. Services in respect of membership of clubs or associations

FINAL EXAMINATIONS (BOTH EXISTING AND NEW)

Paper 8 : Indirect taxes/ Paper 8 : Indirect Tax Laws

It is clarified that in respect of taxable services covered in the syllabus of Paper 8 : Indirect taxes/ Paper  8 : Indirect Tax Laws, students will be examined only in respect of the following taxable services:

  • Intellectual Property Services

1. Franchise services

2. Intellectual property services

  • Financial services

3. Banking & other financial services

4. Credit rating agency’s services

5. Stock broking services

  • Transport of goods services

6. Goods transport agency’s services

7. Courier services

8. Mailing list compilation and mailing services

9. Transport of goods by air services

10. Clearing and forwarding services

11. Cargo handling services

12. Customs house agent’s services

13. Storage and warehousing services

14. Transport of goods through pipeline or other conduit

15. Transport of goods in containers by rail by any person, other than government railway

  • Professional Services

16. Practising chartered accountant’s services

17. Management or business consultancy services

18. Consulting engineer’s services

19. Scientific and technical consultancy services

20. Technical testing and analysis services

21. Market research services

22. Opinion poll services

23. Public relations services

  • Real estate & infrastructure services

24. Construction services in respect of commercial or industrial buildings or civil structures

25. Construction services in respect of residential complexes

26. Architect’s services

27. Real estate agent’s services

28. Site preparation and clearance, excavation, earthmoving and demolition services

29. Interior decorator’s services

  • Business services

30. Business auxiliary services

31. Business support services

32. Manpower recruitment or supply agency’s services

CA. R. Devarajan

Director, Board of Studies

 

List Of SAs to be refered for November 2009 Exams

October 14, 2009 7 comments

ICAI has published list of  SAs for  (PCC  & IPCC) \PE2\(Final New & Old Course)  for the purpose of November 2009 Exams.

It has also provided Detailed PDF files for all SAs for the purpose of reference.

For further Details visit the link below.

http://www.icai.org/post.html?post_id=5066&c_id=219

For detailed notes on SAs with all revisions contact CACTUS
To download the list of applicability of SAs in tabular format click below:

Mock Test Papers for CA Students released by ICAI

October 13, 2009 5 comments

Board of Studies has planned to bring Mock Test Papers for various examinations in order to enable the students to have practice in working out practical problems and also in answering theoretical questions on various subjects of CA examinations.

Students can send the answer on the following address for evaluation purpose.

The Director,
Board of Studies,
A-94/4, Sector-58,
Noida-201 301

 

The papers will be evaluated by appropriate faculty members as assigned by the institute. CACTUS will not be responsible in any way for delayed evaluation or any other discrepencies.

The first series of test papers are for the following examinations, click on the exam name to download the test series.

The Board of Studies has announced to release subsequent series gradually. Hope the above study material is going to help all CA students a lot.

ICAI recommends Sector-specific Accounting Norms

October 7, 2009 Leave a comment

Institute’s announcement for the students!!!

October 1, 2009 Leave a comment

The Examination Committee has taken the following important decisions for the November, 2009 examinations.

Students are advised to note them carefully.

A. CA course being a professional course, practical training is an essential part of it and accordingly all papers of Professional Competence Examination as well as Final should be practical oriented questions as also of the level of knowledge should be expert and not working knowledge.

All questions should be compulsory at both Professional Competence Examination / Integrated Professional Competence Examination and Final examinations.

B. Students appearing for the Professional Competence Examination (PCE) for November, 2009 are advised to carefully note the following important decisions taken in relation to the syllabus and pattern of questions to be set in the examinations.

 1. Paper 2 – Auditing and Assurance Students may note that a detailed announcement regarding applicable Standards on Auditing and the publications of the ICAI relevant for the examination has already been published in the September, 2009 issue of the Newsletter. They may further note that since the fringe benefit tax has been abolished w.e.f. April 1, 2010 no question would be asked on tax audit relating to FBT. Further the provisions of CARO, 2003 would be applicable.

 2. Paper 5 – Taxation The question paper would be of practical nature. Students may note that the coverage of sections for the PCE syllabus is as follows:

PART – I: INCOME–TAX (75 MARKS)

Contents: Important definitions in the Income-tax Act, 1961 [Section 2]. Basis of charge; Rates of taxes applicable for different types of assessees [Sections 4, 111A, 112 & 115BB]. Concepts of previous year and assessment year [Sections 2, 3, 68 to 69D, 172 to 176]. Residential status and scope of total income; Income deemed to be received/deemed to accrue or arise in India [Sections 5 to 9]. Incomes which do not form part of total income [Sections 10 to 13A, 14A, 115BBC]. Heads of income and the provisions governing computation of income under different heads [Sections 14 to 59, Sections 89, 111A, 112, 115BB, 145]. Income of other persons included in assessee’s total income [Sections 60 to 65]. Aggregation of income; Set-off or carry forward and Set-off losses [Sections 70 to 80]. Deductions from gross total income [Sections 80A to 80U]. Computation of total income and tax payable; Rebates and relief’s (Comprehensively covers all sections mentioned above). Provisions concerning advance tax and tax deducted at source [Sections 190 to 219, 234B & 234C]. Provisions for filing of return of income [Sections 139 to 140, 234A].

PART – II: SERVICE TAX AND VAT (25 MARKS) Contents: Service tax – Concepts and general principles [Section 64]. Charge of service tax and taxable services [Sections 65 and 66]. Valuation of taxable service [Section 67]. Payment of service tax and filing of returns [Sections 68, 70,71,73A, 73B and 75]. VAT – Concepts and general principles. Note: If new legislations are enacted in place of the existing legislations the syllabus will accordingly include the corresponding provisions of such new legislations in the place of the existing legislations with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State VAT Law. 3. Further students should clearly note that working notes should form part of the answers.

Note: Students may note that the first paragraph of this announcement is in addition to the announcement already published in the October, 2009 issue of the students’ newsletter – The Chartered Accountant Student.

So basically thats a hell of an announcement. And we can say that its the institute’s way of waking up the students!

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