1800-212-8575 (Admission), 022-62211580 (Customer Support)
X

Get in touch with us

contactus@caprep18.com

Contact

Click below to be connected with one of our consultants at no cost

(Admission)

(Customer Support)

OR

Want a call from us
give your mobile number below

Sorry, please enter valid Mobile Number

9:00am - 9:00pm IST all days.

Share this:

Amendments in CA Intermediate Syllabus for November 2018 Attempt

By Admin |
158 Views (0)

Dear student, are you preparing for your CA Intermediate, Nov 2018? In that case, your undisputed attention is solicited!  ICAI has announced the amendments applicable for CA Inter candidates who will give their exam in November this year. Please note that the following amendments are applicable only and only for the students registered under the new course. The CA Inter exams are scheduled to be begin from 2nd November

The amendments announced for CA Inter Nov 2018 Exams apply to five subjects only. The changes will be applicable to Paper 1- Accounting, Paper 2- Corporate & Other Law, Paper 4 – Taxation, Paper 5 – Advanced Accounting and Paper 6 – Auditing and Assurance.

 

Intermediate Level (New Course) Paper 1: Accounting


List of Applicable Accounting Standards
AS 1  :       Disclosure of Accounting Policies AS 2  :       Valuation of Inventories
AS 3  :       Cash Flow Statements
AS 4  :       Contingencies and Events occurring after the Balance Sheet Date
AS 5  :       Net  Profit  or  Loss  for  the  Period,  Prior  Period  Items  and  Changes  in  Accounting Policies
AS 10:        Property, Plant and Equipment
AS 11:        The Effects of Changes in Foreign Exchange Rates AS 12:       Accounting for Government Grants
AS 13:        Accounting for Investments AS 16:        Borrowing Costs
AS17:        Segment Reporting
AS 22:        Accounting for Taxes on Income

Applicability  of  the  Companies  Act,  2013  and  other  Legislative  Amendments  for  November 2018 Examination


The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities up to 30th April, 2018 will be applicable for November, 2018 Examination.


Non-Applicability of Ind AS 


The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2015 on 16th February, 2015, for compliance by certain class of companies.   These Ind AS do not form part of the syllabus and hence are not applicable.


Paper 2: Corporate and Other Laws


The provisions of Companies Act, 2013 along with significant Rules/ Notifications/ Circulars/Clarification/ Orders issued by the Ministry of Corporate Affairs and the other laws, as amended by concerned authority, including significant notifications and circulars issued up to 30th April 2018, are applicable for November, 2018 examination.


Paper 5: Advanced Accounting (New Course)


List of Applicable Accounting Standards

AS7 :         Construction Contracts AS9 :         Revenue Recognition
AS14:        Accounting for Amalgamations AS18 :       Related Party Disclosures
AS19:        Leases
AS20 :       Earnings Per Share
AS24 :       Discontinuing Operations AS26 :       Intangible Assets
AS29 :       Provisions, Contingent Liabilities and Contingent Assets.

List of Applicable Guidance Notes issued by ICAI on specified accounting aspects

The Study Guidelines containing the List of applicable Guidance Notes is given asAnnexure.


Applicability of the Companies Act, 2013 and other Legislative Amendments for November 2018 Examination


The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant

Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities up to 30th April, 2018 will be

applicable for November, 2018 Examination.


Non-Applicability of Ind AS

The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2015

on 16th February, 2015, for compliance by certain class of companies. These Ind AS do not form

part of the syllabus and hence are not applicable.


ANNEXURE: STUDY GUIDELINES

List of applicable Guidance Notes issued by ICAI on specified accounting aspects

1. Guidance Note on Terms Used in Financial Statements.

2. Guidance Note on Accrual Basis of Accounting.

3. Guidance Note on Accounting for Corporate Dividend Tax.

4. Guidance Note on Accounting for Employee Share-based Payments.

5. Guidance Note on Accounting for Credit Available in Respect of Minimum Alternative Tax under

the Income-tax Act, 1961.

6. Guidance Note on Accounting for Real Estate Transactions (revised 2012)

7. Guidance Note on Turnover in case of Contractors.

8. Guidance Note on Schedule III to the Companies Act, 2013.


Paper 6: Auditing and Assurance


A- List of topic-wise inclusion in the syllabus

I. List of applicable Statements and Standards for November, 2018 Examination:

S.No SA Title of Standard on Auditing
1 SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements
2 SA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
3 SA 210 Agreeing the Terms of Audit Engagements
4 SA 220 Quality Control for Audit of Financial Statements
5 SA 230 Audit Documentation
6 SA 240 The Auditor’s responsibilities Relating to Fraud in an Audit of Financial Statements
7 SA 250 Consideration of Laws and Regulations in An Audit of Financial Statements
8 SA 260
(Revised)
Communication with Those Charged with Governance
9 SA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
10 SA 299 Responsibility of Joint Auditors
11 SA 300 Planning an Audit of Financial Statements
12 SA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
13 SA 320 Materiality in Planning and Performing an Audit
14 SA 330 The Auditor’s Responses to Assessed Risks
15 SA 402 Audit Considerations Relating to an Entity Using a Service Organization
16 SA 450 Evaluation of Misstatements Identified during the Audits
17 SA 500 Audit Evidence
18 SA 501 Audit Evidence - Specific Considerations for Selected Items
19 SA 505 External Confirmations
20 SA 510 Initial Audit Engagements-Opening Balances
21 SA 520 Analytical Procedures
22 SA 530 Audit Sampling
23 SA 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
24 SA 550 Related Parties
25 SA 560 Subsequent Events
26 SA 570
(Revised)
Going Concern
27 SA 580 Written Representations
28 SA 600 Using the Work of Another Auditor
29 SA 610
(Revised)
Using the Work of Internal Auditors
30 SA 620 Using the Work of an Auditor’s Expert
31 SA 700
(Revised)
Forming an Opinion and Reporting on Financial Statements
32 SA 701
(New)
Communicating Key Audit Matters in the Independent Auditor’s Report
33 SA 705
(Revised)
Modifications to the Opinion in the Independent Auditor’s Report
34 SA 706
(Revised)
Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
35 SA 710 Comparative Information – Corresponding Figures and Comparative Financial Statements
36 SA 720 The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements

III. List of applicable Guidance Notes and other publications for November, 2018 Examination:

1. Guidance Note on Audit of Inventories.

2. Guidance Note on Audit of Debtors, Loans and Advances.

3. Guidance Note on Audit of Investments.

4. Guidance Note on Audit of Cash and Bank Balances.

5. Guidance Note on Audit of Liabilities.

6. Guidance Note on Audit of Revenue.

7. Guidance Note on Audit of Expenses.

8. Guidance Note on Reporting under section 143(3)(f) and (h) of the Companies Act, 2013


IV Applicability of the Companies Act, 2013 and other Legislative Amendments for November, 2018 Examination


 Students are expected to be updated with the notifications, circulars and other legislative amendments made upto 6 months prior to the examination. The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authority up to 30th April, 2018 will be applicable for November, 2018 Examination


Paper 4: Taxation

Section A: Income-tax Law


Applicability of the Finance Act, Assessment Year etc. for November, 2018 Examination


The provisions of income-tax law, as amended by the Finance Act, 2017, including significant circulars

and notifications issued and other legislative amendments made upto 30th April, 2018
, are applicable for

November, 2018 examination. The relevant assessment year for income-tax is A.Y. 2018-19. The Study

Guidelines containing the list of topic-wise exclusions from the syllabus is attached as Annexure I.


Section B: Indirect Taxes

Applicability of the provisions of GST law for November, 2018 Examination


The provisions of CGST Act, 2017 and IGST Act, 2017, including significant circulars and notifications

issued and other legislative amendments made upto 30th April, 2018
, are applicable for November, 2018

examination. The Study Guidelines containing the list of topic-wise exclusions from the syllabus is

attached as Annexure II.

Annexure I

Intermediate Paper 4: Taxation Section A: Income-tax Law
List of topic-wise exclusions from the syllabus
Topics of the Syllabus Exclusions
(Provisions which are excluded from the corresponding topic of the Syllabus)
1. Basic Concepts -
2. Residential  status  and scope of total income Section 9A - Certain activities not to constitute business connection in India
3. Incomes  which  do  not form     part     of     total income     (other     than charitable   trusts   and institutions,       political parties    and   electoral trusts)  
  Clause of section 10 Particulars
6A Tax on royalty or fees for technical services derived by foreign companies
6B Tax  paid  on  behalf  of  non-resident  deriving  income  from Government   or   an   Indian   concern   in   pursuance   of   an agreement entered into with the Government of a foreign State
or an international organization
6BB Tax  paid  on  behalf  of  foreign  state  or  foreign  enterprise  on
amount  paid  as  consideration  of  acquiring  aircraft,  etc.  on lease
      6C Income  from  projects  connected  with  the  security  of  India arising to a notified foreign company
8 & 9 Remuneration  and  certain  income  of  individuals  who  are assigned duties in India in connection with any co-operative technical assistance programmes and income of any member
of the family of such individual accompanying them to India.
8A & 8B Any remuneration or fee received by a consultant, directly or indirectly, out of the funds made available to an international organisation  (agency)  under  a  technical  assistance  grant agreement  with  the  agency  and  Government  of  a  foreign State
Any remuneration received by an individual who is assigned to duties in India in connection with any technical assistance
program from such consultant
15A Any  payment  made  by  an  Indian  company  engaged  in  the
business of operation of aircraft to acquire an aircraft on lease from the government of a foreign State or a foreign enterprise
19A Annual value of palaces of former rulers
20 to 25A · Income of local authorities [Section 10(20)]
· Income  of  research  associations  approved  under  section 35(1)(ii)/(iii) [Section 10(21)]
· Income of news agency [Section 10(22B)]
· Income of professional associations [Section 10(23A)]
· Income received on behalf of any Regimental Fund or Non- Public    Fund    established    by    armed    forces    [Section 10(23AA)]
· Income  of  Funds  established  for  welfare  of  employees  of which such employees are members [Section 10(23AAA)]
· Income of Fund set up by Life Insurance Corporation or any other insurer under pension scheme [Section 10(23AAB)]
· Income of institution established for development of Khadi and Village Industries [Section 10(23B)]
· Income of authorities set up under State or Provincial Act for
promotion   of   Khadi   and   Village   Industries   [Section 10(23BB)]
· Income  of  any  body  or  authority  set  up  to  administer
religious or charitable trusts [Section 10(23BBA)
· Income of European Economic Community (EEC) [Section 10(23BBB)]
· Income derived by the SAARC Fund for Regional Projects [Section 10(23BBC)]
· Income of the IRDA [Section 10(23BBE)]
· Income   of   Central   Electricity   Regulatory   Commission [Section 10(23BBG)]
· Income  of  Prasar  Bharati  (Broadcasting  Corporation  of
India) [Section 10(23BBH)]
· Income of certain funds or institutions [Section 10(23C)]
· Income of Mutual Fund [Section 10(23D)]
        · Income   of   a   securitization   trust   from   the   activity   of securitization [Section 10(23DA)]
· Income of Investor Protection Funds [Section 10(23EA)]
· Specified  income  of  Investor  Protection  Fund  set  up  by commodity exchanges [Section 10(23EC)]
· Income of Investor Protection Fund set up by depositories [Section 10(23ED)]
· Specified  income  of  Core  Settlement  Guarantee  Fund
(SGF) set up by a recognized Clearing Corporation [Section 10(23EE)]
· Income of Investment Fund [Section 10(23FBA)]
· Income  of  unit  holder  of  an  Investment  Fund  [Section 10(23FBB)]
· Certain      incomes      of      Business      trust      [Section
10(23FC)/(23FCA)]
· Distributed income of unit holder of a business trust [Section 10(23FD)]
· Income of trade unions [Section 10(24)]
· Income of provident funds, superannuation funds, gratuity funds etc. [Section 10(25)]
· Income of Employees State Insurance (ESI) Fund [Section
10(25A)]
26AAB
to 29A
· Income  of  an  Agricultural  Produce  Market  Committee  or Board [Section 10(26AAB)]
· Income of a corporation etc. for the promotion of interests of
members of Scheduled Castes or Scheduled Tribes or both [Section 10(26B)]
· Income  of  corporations  established  to  protect  interests  of
minority community [Section 10(26BB)]
· Income  of  corporation  established  by  a  Central,  State  or Provincial   Act   for   welfare   of   ex-servicemen   [Section 10(26BBB)]
·  Income of a co-operative society formed for promoting the interests of Scheduled Castes or Schedules Tribes or both [Section 10(27)]
· Incomes of certain bodies like Coffee Board, Rubber Board
etc. [Section 10(29A)]
36 Long  term  capital  gains  on  transfer  of  listed  equity  shares purchased on or after 1.3.2003 but before 1.3.2004, and held for a period of 12 months or more
37A Any  income  chargeable  under  the  head  capital  gains  in respect of transfer of specified capital asset to an asseesee,
being an individual or HUF under Land Pooling Scheme
39 to 42 · Specified  income  arising  from  any  international  sporting event in India [Section 10(39)]
· Certain grants etc. received by a subsidiary from its Indian
holding company engaged in the business of generation or transmission or distribution of power [Section 10(40)]
        · Specified  income  of  certain  notified  bodies  or  authorities which have been established under a treaty or an agreement [Section 10(42)]
44 Income received by any person on behalf of NPS Trust [Section 10(44)]
46 to 50 · Specified   income   of   notified   entities   not   engaged   in commercial activity [Section 10(46)]
· Income of notified infrastructure debt funds [Section 10(47)]
· Income received by certain foreign companies in India in Indian  currency  from  sale  of  crude  oil  to  any  person  in India [Section 10(48)]
· Income  arising  to  a  foreign  company  on  account  of storage of crude oil [Section 10(48A)]
· Income arising to a foreign company on account of sale of leftover stock of crude oil [Section 10(48B)]
· Income   of   the   National   Financial   Holdings   company Limited [Section 10(49)]
· Income arising from any specified service chargeable to
equalization levy [Section 10(50)].
4. Heads  of  income  and the                 provisions governing  computation of       income       under
different heads
 
  Salaries -
  Income   from   house property -
  Profits  and  gains  of business                   or profession 1.  Income computation and disclosure standards (ICDSs) notified under section 145;
2.  The provisions contained in the following sections given hereunder:
    Section Particulars
33AB Tea        Development        Account/Coffee        Development Account/Rubber Development Account
33ABA Site Restoration Fund
35ABA Expenditure   for   obtaining   right   to   use   spectrum   for telecommunication services
35ABB Expenditure      for      obtaining      licence      to      operate telecommunication services
35DD Amortisation  of  expenditure  in  case  of  amalgamation  or demerger
35E Deduction of expenditure on prospecting and development of certain minerals
36(1)/(viia)
/  (viii)/(xii)/
(xiii)/(xiv)/ (xvii)
· Special  provision  for  bad  and  doubtful  debts  made  by Banks,    Public    Financial    Institution,    State    Financial Corporation,    State    Industrial    Investment    Corporation
[Section 36(1)(viia)]
    · Deduction for Special Reserve created and maintained by Specified  Entities  engaged  in  eligible  business  [Section 36(1)(viii)]
· Deduction for expenditure incurred by entities established under   any   Central,   State   or   Provincial   Act   [Section 36(1)(xii)]
· Deduction  in  respect  of  banking  cash  transaction  tax [Section 36(1)(xiii)]
· Deduction of contribution by a public financial institution to Credit  guarantee  fund  trust  for  small  industries  [Section 36(1)(xiv)]
· Deduction of expenditure incurred by a co-operative society
for purchase of sugarcane at price fixed by the Government [Section 36(1)(xvii)]
40(a)(ib) Consideration paid or payable to a non-resident for specified service   on   which   equalization   levy   is   deductible   under Chapter VIII of the Finance Act, 2016 and such levy has not deducted or after deduction has not been paid on or before
the due date of filing return of Income.
  Special provisions for deduction in case of business for pros- pecting etc. for mineral oil
43C Special Provision for Computation of Cost of Acquisition of Certain Assets
43D Special  Provision  in  case  of  income  of  Public  Financial Institutions, public companies etc.
44 Insurance Business
44A Special   provision   for   deduction   in   the   case   of   trade, professional or similar association
44B         to 44DB · Special  provision  for  computing  the  profits  and  gains  of shipping business in case of non-residents [Section 44B]
· Special   provision   for   computing   profits   and   gains   in
connection with the business of exploration etc., of mineral oils [Section 44BB]
· Special  provision  for  computing  profits  and  gains  of  the
business of operation of aircraft in the case of non-residents [Section 44BBA]
· Special provision for computing profits and gains of foreign
companies  engaged  in  the  business  of  civil  construction etc. in certain turnkey power projects [Section 44BBB]
· Deduction of head office expenditure in the case of non-
residents [Section 44C]
· Special provisions for computing income by way of royalties etc.  in case of non-residents [Section 44DA]
· Special  provision for  computing  deductions  in the  case  of
business   reorganisation   of   co-operative   banks   [Section 44DB]
 
Capital gains  
Section Particulars


  47(via)/(viaa)/(viab)/ (vic)/(vica)/(vicb)/ (vicc)/(viia)/(xa)/(xii)/ (xiii)/(xiiia)/(xiiib)/(xiv)
/ (xv)/(xvii)
· Any  transfer  of  a  capital  asset  in  a  scheme  of amalgamation by amalgamating foreign company to  the  amalgamated  foreign  company  [Section 47(via)]
· Any  transfer  of  a  capital  asset,  in  a  scheme  of amalgamation   of   a   banking   company   with   a banking institution [Section 47(viaa)]
· any  transfer,  in a scheme of  amalgamation, of a capital   asset,   being   a   share   of   a   foreign company[Section 47(viab)]
· Any  transfer  in  a  demerger,  of  a  capital  asset, being a share or shares held in an Indian company, by the demerger foreign company to the resulting foreign company [Section 47(vic)]
· any  transfer  in  a  business  reorganisation,  of  a capital asset by the predecessor co-operative bank to   the   successor   co-operative   bank   [Section 47(vica)]
·  any  transfer  by  a  shareholder,  in  a  business reorganisation, of a capital asset being a share or shares   held   by   him   in   the   predecessor   co- operative   bank   if   the   transfer   is   made   in consideration of the allotment to him of any share or  shares  in  the  successor  co-operative  bank [Section 47(vicb)]
· any  transfer  in  case  of  a  demerger  of  a  capital
asset, being a share of a foreign company [Section 47(vicc)]
· Any  transfer  of  bonds  of  an  Indian  company  or
Global  Depository  Receipts  purchased  in  foreign currency [referred to in section 115AC(1)] [Section 47(viia)]
· Any  transfer  by  way  of  conversion  of  Foreign
Currency   Exchangeable   Bonds   into   shares   or debentures of a company [Section 47(xa)].
· Any transfer of land under a scheme prepared and
sanctioned under section 18 of the Sick Industrial Companies  (Special  Provisions)  Act,  1985,  by  a sick  industrial  company  which is  managed  by  its workers’ co-operative [Section 47(xii)]
· Any transfer of a capital asset or intangible asset
by a firm to a company, where a firm is succeeded by a company,  or any transfer of a capital  asset where an AOP or BOI is succeeded by a company consequent  to  demutualisation  or  corporatisation of a recognised stock exchange in India [Section 47(xiii)]
· any transfer of a membership right by a member of
recognised stock exchange in India for acquisition
 
    of   shares   and   trading   or   clearing   rights   in accordance with a scheme for demutualization or corporatisation    approved    by    SEBI    [Section 47(xiiia)]
· any transfer of a capital asset or intangible asset
by a private company or unlisted public company to a LLP [Section 47(xiiib)]
· Any transfer of a capital asset or intangible asset
where a sole proprietary concern is succeeded by a company [Section 47(xiv)]
· Any  transfer  in  a  scheme  for  lending  of  any
securities  under  an  agreement  or  arrangement which   is   subject   to   SEBI   guidelines   [Section 47(xv)].
· Any transfer of a capital asset being share of a SPV
to a business trust in exchange of units allotted by the trust to the transferor [Section 47(xvii)]
 
  Withdrawal of exemption in certain cases
49 Sub-sections  consequent  to  excluded  clauses  of section 47 and sub-section 2(ABB) cost of acquisition of  share/s  of  a  company  on  redemption  of  GDRs referred under section 115AC(1)(b)
Sub-section (5)  of section 49, cost of acquisition of an  asset  declared  under  the  Income  Declaration
Scheme, 2016.
54G Exemption of Capital gains on transfer of assets in
cases  of  shifting  of  industrial  undertaking  from urban area
54GA Exemption  of  capital  gains  on  transfer  of  certain capital  assets  in  case  of  shifting  of  an  industrial undertaking from an urban area to any SEZ
54GB Exemption    of    capital    gains    on    transfer    of residential  property  if  the  sale  consideration  is used for subscription in equity of an eligible start- up  to  be  used  for  purchase  of  new  plant  and
machinery
55(2)(ab) Cost  of  acquisition  in  respect  of  capital  asset, being   equity   share   or   shares   allotted   to   a shareholder  of  a  recognised  stock  exchange  of India   under   a   scheme   for   demutualization   or
corporatization
Income    from    Other Sources -
Income       of       other persons    included    in assessee's             total income Section 65 : Liability of person in respect of income included in the income of another person
   
Section Particulars
  Method   of   computing   a   member’s   share   in   income   of association of persons or body of individuals
72A Carry forward and set-off of accumulated business losses and unabsorbed  depreciation  in  certain  cases  of  Amalgamation/ Demerger, etc.
72AA Provisions relating to carry forward and set-off of accumulated losses  and  unabsorbed  depreciation  of  a  banking  company against  the  profit  of  a  banking  institution  under  a  scheme  of
amalgamation
72AB Provisions relating to carry forward and set off of accumulated loss and  unabsorbed  depreciation  in  business  reorganisation  of  co- operative banks
75 Losses of Firms
78 Carry  forward  and  set-off  of  losses  in  case  of  change  in constitution of firm or succession
79 Carry forward and set-off of losses in case of certain companies
Deductions  from  gross total income Deductions in respect of certain income:
Section Particulars
80-IA  to  80- IE Profit-linked deductions under Chapter VI-A
80JJA Deduction in respect of profits and gains from business of collecting and processing of bio-degradable waste.
80LA Deduction   in   respect   of   certain   incomes   of   Offshore Banking units and International Financial Services Centers
80P Deduction in respect of income of co-operative societies
Computation    of    total income and tax liability of Individuals Section  5A  –  Apportionment  of  income  between  spouses  governed  by Portuguese Civil Code
Provisions relating to Alternate Minimum Tax
Advance       tax,       tax deduction    at    source and  introduction  to  tax collection at source Section Particulars  
194LB    to
194LD
·   Income from Infrastructure Debt Fund [Section 194LB]
·   Income from units of business trust [Section 194LBA]
·    Income in respect of units of investment fund [Section 194LBB]
·   Income in respect of investment in securitization trust [Section 194LBC]
·   Income by way of interest payable to non-residents by Indian company [Section 194LC]
·   Income   by   way   of   interest   on   certain   bonds   and
government securities payable to a Foreign Institutional
Investor   or   a   Qualified   Foreign   Investor   [Section 194LD]
 
195 Other sums (payable to non-residents)  
  196A      to 196D ·   Income  in  respect  of  units  of  non-residents  [Section 196A]
·   Income  from  units  referred  to  in  section  115AB  [Section 196B]
·   Income from foreign currency bonds or shares of Indian
company [Section 196C]
·   Income of Foreign Institutional Investors from securities [Section 196D]
 
 
Provisions     for     filing return   of   income   and self-assessment Sections  139(4A)  to  139(4F)  dealing  with  provisions  for  filing  of  return  of charitable or religious trusts, research institutions, political party, university, college or other institution, business trust, investment fund.

Study Guidelines

Intermediate New Course Paper 4: Taxation Section B: Indirect Taxes

List of topic-wise exclusions from the syllabus  
(1) (2) (3)
S.No. in the syllabus Topics of the syllabus Exclusions
(Provisions which are excluded from the corresponding topic of the syllabus)
2(ii)(c) Charge of tax CGST Act, 2017
(i)     Rate of tax prescribed for supply of goods*
(ii)    Rate of tax prescribed for supply of services* IGST Act, 2017
(iii)   Rate of tax prescribed for supply of goods
(iv)   Rate of tax prescribed for supply of services
(v)    Determination of nature of supply – Inter-State supply;
Intra-State supply; Supplies in territorial waters
(vi)   Special  provision  for  payment  of  tax  by  a  supplier  of online  information  and  database  access  or  retrieval [OIDAR] services
2(ii)(d) Exemption from tax CGST Act, 2017 & IGST Act, 2017
(i)     Exemptions for supply of goods
2(iii) Basic concepts of time and value of supply CGST Act, 2017 & CGST Rules, 2017
(i)     Provisions relating to change in rate of tax in respect of supply of goods or services
(ii)    Chapter  IV:  Determination  of  Value  of  Supply  [Rules 27-35] of CGST Rules, 2017
2(iv) Input tax credit CGST Act, 2017 read with CGST Rules, 2017
    (i)     Input  tax  credit  provisions  in  respect  of  inputs  and capital goods sent for job work
(ii)    Input  tax  credit  provisions  relating  to  distribution  of credit by Input Service Distributor [ISD]
(iii)   Manner of recovery of credit distributed in excess
(iv)   Manner  of  reversal  of  credit  of  additional  duty  of customs in respect of Gold dore bar
2(viii) Returns CGST Act, 2017 read with CGST Rules, 2017
(i)     Furnishing of GSTR-2, GSTR-1A, GSTR-3
(ii)    Claim of input tax credit and provisional acceptance thereof
(iii)   Matching, reversal & reclaim of input tax credit
(iv)   Matching, reversal & reclaim of reduction in output tax liability
2(ix) Payment   of   tax   including reverse charge CGST Act, 2017
(i)     Tax deduction at source
(ii)    Collection of tax at source
(iii)   Categories of supply of goods, tax on which is payable on reverse charge basis under section 9(3)
IGST Act, 2017
(iv)   Categories of supply of goods, tax on which is payable on reverse charge basis under section 5(3)

*Rates specified for computing the amount payable under composition levy are included in the Syllabus.

Notes:


(1)    The syllabus includes select provisions of the CGST Act, 2017 and IGST Act, 2017 and not the entire  CGST  Act,  2017  and  the  IGST  Act,  2017.   The  provisions  covered  in  any  topic(s)  of  the syllabus which are related to or correspond to the topics not covered in the syllabus shall also be excluded.
(2)    In  the  above  table,  in  respect  of  the  topics  of  the  syllabus  specified  in  column  (2)  the  related exclusion is given in column (3).   Where an exclusion has been so specified in any topic of the syllabus, the provisions corresponding to such exclusions, covered in other topic(s) forming part of the syllabus, shall also be excluded.  For example, since provisions relating to ISD and tax collection at  source  are  excluded  from  the  topics  “Input  tax  credit”  and  “Payment  of  tax  including  reverse charge” respectively, the provisions relating to (i) registration of ISD and person required to collect tax at source and (ii) filing of returns by an ISD and submission of TCS statement by an electronic commerce operator required to collect tax at source are also excluded from the topics “Registration” and “Returns” respectively.
(3)    July 2017 edition of the Study Material is relevant for May, 2018 and November, 2018 examinations. The amendments - made after the issuance of this Study Material - to the extent covered in the
Statutory Updates for November, 2018 examination alone shall be relevant for the said examination. The Statutory Updates shall be hosted on the BoS Knowledge Portal.
(4)    The provisions of CGST Act, 2017 and the rules issued thereunder and IGST Act, 2017 and the rules issued thereunder, to the extent included in the July 2017 edition of the Study Material, except the  exclusions  mentioned  in  the  table  above,  and  the  Statutory  Updates  for  November,  2018 examination shall alone be relevant for the said examination.

Check the tentative date sheet given below:

CA Inter Time Table Nov 2018

Afternoon Session – 2.00PM to 5.00PM

Date (2018)

Day

Group

Exam

2nd Nov 2018

Friday

Group I

Accounting

4th Nov 2018

Sunday

Corporate and Other Laws

8th Nov 2018

Thursday

Cost and Management Accounting

10th Nov 2018

Saturday

Tax

12th Nov 2018

Monday

Group II

Advanced Accounting

14th Nov 2018

Wednesday

Auditing and Assurance

16th Nov 2018

Friday

Enterprise Information Systems & Strategic Management

18th Nov 2018

Sunday

 

Financial Management & Economics for Finance

CA Inter Nov 18 Amendment – Paper 1: Accounting

As per the existing syllabus of Paper 1 - Accounting, the following Accounting Standards are a part of the existing syllabus:

- AS 1: Disclosure of Accounting Policies
- AS 2: Valuation of Inventories
- AS 3: Cash Flow Statements
- AS 4: Contingencies and Events occurring after the Balance Sheet Date
- AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
- AS 10: Property, Plant and Equipment
- AS 11: The Effects of Changes in Foreign Exchange Rates
- AS 12: Accounting for Government Grants
- AS 13: Accounting for Investments
- AS 16: Borrowing Costs
- AS 17: Segment Reporting
- AS 22: Accounting for Taxes on Income

To know about the amendments applicable to CA Intermediate Nov 2018 Accounting, click here


CA Inter Nov 18 Amendment – Paper 2: Corporate Laws & Other Laws


This paper is divided into two parts: Company Law (60 marks) and Other Laws (40 marks). Under Company Law the existing syllabus include: The Companies Act, 2013 – Sections 1 to 148 and under Other Laws, the current syllabus covers topics like: The Indian Contract Act, 1872, The Negotiable Instruments Act, 1881, The General Clauses Act, 1897 and Interpretation of statutes. To know about the amendments applicable to the CA Intermediate Nov 2018 Corporate Laws & Other Laws, click here.


CA Inter Nov 18 Amendment – Paper 4: Taxation

This is a 100 marks paper which is divided into two parts, Section A: Income Tax (60) and Section B: Indirect Taxes (40). Under the existing syllabus,

Section A- Income Tax include:

1. Basic Concepts

2. Residential status and scope of total income

3. Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)

4. Heads of income and the provisions governing computation of income under different heads

5. Income of other persons included in assessee's total income

6. Aggregation of income; Set-off, or carry forward and set-off of losses

7. Deductions from gross total income

8. Computation of total income and tax liability of individuals

9. Advance tax, tax deduction at source and introduction to tax collection at source

10. Provisions for filing return of income and self-assessment

Section B- Indirect Taxes Include:

1. Concept of indirect taxes

2. Goods and Services Tax (GST) Laws

To know about the amendments applicable to the CA Intermediate Nov 2018 Taxation, click here


CA Inter Nov 18 Amendment – Paper 5: Advanced Accounting


This is a 100 marks paper, the syllabus of which include accounting standards 7, 14,18,19,20, 24, 26, 29 along with Application of Guidance Notes issued by the ICAI on specified accounting aspects Company Accounts, Special Aspects of Company Accounts, Reorganization of Companies, Financial Reporting of Banking, Financial Services and Insurance (BFSI), Valuation of goodwill and Consolidated Financial Statements.

To know about the amendments applicable to the CA Intermediate Nov 2018 Advanced Accounting, click here.


CA Inter Nov 18 Amendment – Paper 6: Auditing & Assurance

This is a 100 marks paper, the existing syllabus of which includes topics like: Nature, Objective and Scope of Audit, Audit Strategy, Audit Planning and Audit Programme, Audit Documentation and Audit Evidence, Risk Assessment and Internal Control, Fraud and Responsibilities of the Auditor in this Regard, Audit in an Automated Environment, Audit Sampling, Analytical Procedure, Audit of Items of Financial Statements, The Company Audit, Audit Report, Audit of Banks, Audit of Different Types of Entities

To know about the amendments applicable to the CA Intermediate Nov 2018 Auditing and Assurance, click here.

In case of any queries, syllabus related or otherwise, talk to our CA-Inter academic advisor @ 1800-212-8575

 

Chat with us on WhatsApp