IPCC/PCC LAW NOTES

Career as company secretary

Can a CPT/CWA Foundation passed student apply for CS executive directly?


Registration of CPT passed students of ICAI / or Foundation
passed students of ICoAI to CS Executive Program:

We are pleased to inform that students who have passed Foundation Examination of The Institute of Cost Accountants of India ( ICoAI ) / or students who have passed Common Proficiency Test ( CPT) of The Institute of Chartered Accountants of India ( ICAI ) are eligible to take direct registration in CS Executive Program. ( Earlier only Final Passed students of
ICoAI / or ICAI were eligible to take direct registration in CS Executive Program.) Rs 7000/- shall be charged from them for admission in CS Executive Program. ( fees as applicable to commerce graduate ). All interested students are advised to take a note of it.

Sohan Lal
Director (Student Services)



CA IPCC amendments for MAY 2013 Part 1

company secretary course details

CS course details

here

for downloading the PDF format

click here

computation of Service Tax on Food Served in a Restaurant


computation of Service Tax on Food Served in a Restaurant

Every time you go and dine out in a restaurant, the food bill turns out to be more than expected. And then when you go through the Bill in detail to cross check the charges levied, you realise that there are a whole lot of charges and taxes which have been levied on the food bill. Many people also raised concerns regarding the manner of levy of *Service Tax on Food served in Restaurants* by circulating mails and expressing their concern on Social Networking Platforms.

We conducted an extensive research the Service Tax Laws on the manner of charging Service Tax on Food so as to ensure that the Restaurant Owners are not overcharging Service Tax and this is what we found.

Charges and Taxes on Food served in Restaurants

When you dine out at a restaurant, the following charges and taxes are normally levied on your food bill:-

1. Service Charge: This is a charge levied by the Restaurant Owners as payment for the Services rendered like serving the food etc. This Charge is not levied by the Govt and is collected by the Restaurant Owners themselves. This charge is optional on the part of the Restaurant and they are free to charge any amount as Service Charge after making proper disclosures in the Menu Card. In other words, Service Charge is a Mandatory Tip to be paid, if proper disclosures for the same are shown in the Menu Card. Different Restaurants levy different Service Charges although it is normally in the range of 5% to 10%. Some Restaurants levy Service Charge only for dine-in customers and not for Takeaway or Home-Delivery Customers. Levying service Charge is entirely at the sole discretion of the Restaurant Owner and they are free to levy any amount as Service Charge.

2. VAT: VAT is Value Added Tax levied on the sale of any item. As food is being sold in a restaurant, VAT is liable to be paid on such sale. VAT is levied by the State Govt and is at the sole discretion of the State Govt. Different States prescribe different rates of VAT. Moreover, even in the same state, different Rates of VAT have been prescribed for different items. The Rate of VAT is different for Alcoholic Beverages and different for other food items.

3. Service Tax: When you go to a Restaurant, you not only go there to eat food but also avail of various amenities and hospitality services. The Cost of Food as shown in the Menu Card is a composite charge and includes not only charges for the Cost of Raw Material but also for the Cost of the Services rendered. And as these Services are being rendered, the Centre Govt collects Service Tax on the Services rendered.

Although Restaurants nowadays are collecting Service Charges separately, but that is not enough to cover the Cost of Services provided and therefore, a portion of the Cost of Services is also included in the Cost per Dish.

Applicability of Service Tax on Food in Restaurants

We don’t always go in a restaurant for both Food + Services. Many a times, people go in a small nearby restaurant not for the services provided but only for the food. In such cases, Service Tax won’t be leviable.

To distinguish between whether a customer is going to a restaurant only for the Food or for both Food + Services, the Govt has announced the following conditions for the levy of/Service Tax in a Restaurant/:-

1. The Restaurant should be Air Conditioned, and

2. The Restaurant should have License for Serving Alcohol

If both these conditions are satisfied, Service Tax would be mandatorily levied. However, if any of these conditions is not fulfilled, Service Tax will not be levied.

If you don’t consume Alcohol or the AC was not switched on, Service Tax on Food would still be levied as the Law states that the Restaurant should be air-conditioned and should have license for serving alcohol. These conditions have only been applied to distinguish whether a person is going to a restaurant only for food or for both food + services.

Service Tax on Food Served in Restaurants

The Charges for the Food served in a Restaurant is a composite charge for the food as well as for the Services. As it is a composite charge, Service Tax cannot be levied on the whole amount.

Bifurcation of the Total Bill into 2 parts i.e. Value of Goods Sold and Value of Services Provided is very difficult. Therefore, in case of any Composite Charge, the Govt usually announces an abatement scheme wherein Taxes are not levied on the total amount but only on a certain portion of the total amount.

In order to ensure transparency and standardisation in the manner of determination of the value of such service provided in a restaurant or as outdoor catering, Rule 2C was inserted in the Service Tax (Determination of Value Rules)

As per this Rule, abatement has been allowed for the levy of Service Tax on the Food Served in Restaurants, which says that Service Tax should be charged only on 40% of the Food Bill (incl Service Charge) and not on the Total Bill.

Or in other words only 4.94% Service Tax on Restaurant (i.e. 40% of 12.36%) shall be chargeable. The Computation of Service Tax has been explained below with the help of an example. For the purpose of simplification, VAT has been presumed at 14.50% on the Total Food Bill.

However, in case the food is not being served in a restaurant and is being served as part of outdoor catering, service tax should be levied on 60% of the Total Bill.

Please Note: The Bar Council on 3^rd November 2012 issued a notice that Service Tax should only be charged on Service Charge and not on the Food Bill. However, the Additional Commissioner of Service Tax has clarified that the interpretation of the Bar Council is incorrect as the Service Tax Rules very clearly state that Service Tax is also to be charged on 40% of the Food Bill.

VAT on Food Bill 

As per the Service Tax Rules, Service Tax on Food served in Restaurants is chargeable on only 40% of the Food Bill as they’ve estimated that out of the Total Food Bill – 40% is for the Services provided and 60% is for the items sold. Now as per this logic, VAT should be charged only on 60% of the Food Bill as Service Tax has already been charged on 40% of the Food Bill.

However, this is not the case. The VAT Laws specifically state that VAT Rate is to be applied on the Total Food Bill (incl of Service Charge). Please Note: Service Tax Laws are framed by the Central Govt and VAT Laws are framed by the State Govrnment
Courtsey:Mukesh Katara

CA IPCC/FINAL MAY 2013 EXAM TIME TABLE/ DATESHEET

The Institute of Chartered Accountants of India has announced the dates of the exams of CA IPCC,
CA FINAL and INSURANCE AND RISK MANAGEMENT  to be held in the  year 2013

As per the notification released
Applications for admission to these examinations are required to be made either online at
http://icaiexam.icai.org free of cost {i.e. Rs. 500/- for Intermediate (Integrated Professional
Competence) & Final candidates for the cost of application form  shall not be charged if
applications are filled in online} or in the relevant prescribed form, copies of which may be obtained
from the Additional Secretary (Examinations), The Institute of Chartered Accountants of India,
‘ICAI BHAWAN’, Indraprastha Marg, New Delhi – 110 002 on payment of Rs. 500/- per application form
in respect of Intermediate (Integrated Professional Competence) and Final Examination candidates. The
cost of Examination application form for Insurance and Risk Management (IRM) examination is Rs. 100/-
per application form. The forms shall also be made available in the Regional and Branch Offices of the
Institute and can be obtained there from on cash payment on or from 6th February, 2013

you can read more here

If you have any doubts , feel free to comment

to know about the notification related to may 2013 IPCC click here


For the recent amendments for CA FINAl CLICK HERE

CA IPCC Notes For IPCC group 1

All the notes related to every subject of IPCC group 1
IPCC All important files In One single Note


Advanced Accounting
Accounts Notes - IPCC/PCC -
THEORY QUESTIONS IN PCC/IPCC ACCOUNTS 
Investment Accounts-IPCC/ATC-
Branch Account (PCC/IPCC) 
PCC Advanced Accounting-
NATURE OF ACCOUNTS (as per Traditional & Modern Approach)-
Company Accounts-
Partnership Accounts-
Accounts Theory
Accounts Notes
Cash flow, Fund flow statements notes-
Insurance Claims-
Amalgamation and reconstruction notes -
Files of Accounting Standards -

Business Laws, Ethics and Communication
IPCC BC, Law & Ethics made easy in 21 pages-
Ethics and Communication-
Notes For Business Ethics and Comm-
Download : PCC Paper 3 Law, Ethics & Communication-
The Way To Crack The LAW-  
Law ethics and communication-
Law-
Important notes business ethics-
Communication skills -
Business law notes-
LAW NOTES PCC/IPCC FOR EXEMPTION-
Company Law notes_My Best File On Internet
Companies ACT 1976 LIST:
List of sections (1-75) of Indian Contract Act [.xls]
Negotiable practicle questions by master minds
Negotiable Instruments Act Case Law -
Payment of gratuity act(Easy to understand & learn)-
Whole Company Law-
Super Summary: THE PAYMENT OF BONUS ACT, 1965:
List of Sections in Service Tax:
Income Tax Act Sections List with Chapter Headings:
Sale of Goods act sections:

Cost Accounting and Financial Management
Theory of Cost Accounting
IPCC Cost Accounting
IPCC Financial Accounting
Reconciliation of Cost & Financial Accounts
Costing IPCC--Best files shared on Internet
COSTING NOTES : IPCC/PCC -
Costing Formula (IMP):-
COSITNG FM IMPORTANT FILE:
Basic of cost accounting: 
Standard costing:
Marginal Costing for PCC/IPCC:
COSTING FORMULAS:
PCC - Cost Accounting (Formulae & Theory):
Financial management notes-IPCC/PCC:
FM notes:
Contract costing:
Overheads:
Budgetary Controls:
Leverage- 
Files on Capital Budgeting- 

TAXATION
IPCC Income tax -fast track
Service tax and vat notes-
Amendments for May'11 IPCE/PCE- 
Full income tax for ipcc/pcc
Deduction Summary AY 2011-12
TAXATION NOTES-
Service tax (covered all concepts)- 
Vat Super short Notes:
Service Tax and Vat, Super summary Notes, Its Like Ocean in a Glass, Must Download
Service tax and Vat notes for IPCC by CA NRS Chennai-
25 Important Case Study - CA Final - May 2011 - Indirect Taxes
TAX LAW NOTES (A to Z) for PCC/ IPCC -
BEFORE YOU START PREPARATION FOR CPT/IPCC
Tips to Prepare for DIRECT TAX (PCC IPCC, CA Final & CS)

IPCC/PCC All imp files In One single Note
Great Sucess

AUDITING and Assurance
Audit Practical Questions for IPCC:
Info: 200+ exclusive practical questions with authentic answers and also given self examination questions (by cs Ankur Garg)

IMPORTANT CHAPTERS FOR SM & IT CA IPCC


IMPORTANT QUESTIONS FOR  STRATEGIC MANAGEMENT

CHAP-1
1.BENEFITS OF GLOBALISATION
2.PORTER FIVE FORCES COMPETITIVE MODEL  (V.IMP)

CHAP- 2
1.STRATEGIC ALTERNATIVES
2.STRATEGIC DECISION MAKING
3.FRAMEWORK OF STRATEGIC MANAGEMENT

CHAP- 3
1.SITUATIONAL ANALYSIS
2.PORTFOLIO ANALYSIS
3. BCG MATRIX

CHAP- 4
1.LIQIDATION STRATEGY
2.DISINVESTMENT STRATEGY
3. CORPORATE STRATEGY , NATURE AND SCOPE

CHAP 5
      4P’s OF MARKETING MIX
      VARIOUS MARKETING TECHNIQUES
      LOGISTIC STRATEGY

CHAP 6
1.SBUs
2.VALUE CHAIN ANALYSIS
3. CORPORATE CULTURE


CHAP 7
1.TOTAL QUALITY MANAGEMENT
2.BUISNESS PROCESS RE-ENGINEERING


SHORT QUESTIONS FOR 2  -  4 MARKS
1.ENVIRONMENT SCANNING
2.MISSION ,VISION ,OBJECTIVES
3.KIERTESUS
4.KEY SUCCESS FACTORS
5.STRATEGIC UNCERTAINITY
6.CONGLOMERETE AND CONCENTRIC DIVERSIFICATION
7.FORWARD AND BACKWARD INTEGRATION

How to pass CA-IPCC ?


A must read If you are an IPCC student

All around you can see happy faces with charm of smile,
whether or not you have done well in exams the stress has ended.
Finally there is a time for you to relax..!

But is it really what it seems??

lets talk about this..

*holidays:
There is no such term in books of CA students. If you look for holidays you can have many holidays in your way during course.
Do Not be in such innocence your pursing one of the best courses.
Do not compare your schedule with other courses.

*Use This time:
No free time is this period you have two options before you.
ITT:
Take up an ITT coaching and get the orientation.

Early Effort:
No one can now teach , about the IPCC anymore. You are now
aware of the Standards of ICAI, Question papers, the content and
intelligence you are demanded. Recollect your stuff start from where it was halted and continue to study. The basic mistakes done by all is thinking this time as free time make it spare time and not idle time or unproductive time :)

*Create your Strategy:
Experience is the best teacher now you are well experienced.
Plan your own strategy and if you go on well may 2013 if you celebration time

*Last attempt:
Consider you have only one attempt more thats it.
Indulge yourself in DO or DIE situation or
Do BEFORE YOU DIE.

*Believe:
Believing in self most vital you know what you can do...
no one needs to tell you about that .
be Committed , determined , honest with your work..

Even GOD can not Fail you,
ICAI is too little thing :)

keep visiting our page and
Last drop your comment we value to hear you

Important chapters for Audit for CA IPCC

IPCC


IMPORTANT TOPICS OF AUDIT :
1. BASIC PRINCIPLES GOVERNING AN AUDIT
2. FUNDAMENTAL ACCOUNTING ASSUMPTIONS
3. INHERENT LIMITATIONS OF AUDIT
4. COMPLIANCE AND SUBSTANTIVE PROCEDURES
5. STRATIFIED RANDOM SAMPLING
6. FACTORS AFFECTING CONTROL ENVIRONMENT
7. INTERNAL CONTROL QUESTINNAIRE
8. CONCEPT OF AUDIT RISK
9. DETERMINE TO WHAT EXTENT INTERNAL AUDITOR WORK CAN BE USED.
10. APPROACHES TO EDP AUDITING
COMPANY AUDIT  1 & 2
1. SEC 224 (2) ,224 (5), SEC 225 , SEC 233A
2. CONCEPT OF ACCOUNTING STANDARDS
3. DIRECTOR RESPONSIBILITY STATEMENT
4. AUDIT OF DIVIDEND
      AUDIT REPORT
1. FORMAT OF AUDIT REPORT
2. APPLICABILITY OF CARO ,2003 AND CLAUSE  7 ,9 ,10
SPECIAL AUDITS
1. HOSPITAL
2. NPO
3. LOCAL BODIES
GOVT. AUDIT
1. POWERS OF CAG
2. EXPENDITURE AUDIT
OTHER TOPICS
CUT OFF PROCEDURES,  EXAMINATION IN DEPTH, GUIDANCE NOTE ON PROPOSED DIVIDEND,  CONCEPT OF DEPRICIATION (AS 6),  AUDITORS LIEN’S , PROFESSIONAL SKEPTICISM.
IMPORATANT STANDARDS ON AUDITING
SA  210,  230, 260 , 320,  501 , 540,  580,  610, 620

VOUCHING / VREIFICATION
FACTORS WHICH CAN INCREASE/DECREASE GROSS PROFITS
PRELIMINARY EXPENSES, PAYMENT OF INCOME TAX,BAD DEBTS RECOVERED,INTANGIBLE ASSESTS, FIXED ASSESTS…….

IPCC Costing and Financial Management paper Group 1 of November 2012


Review of Costing and Financial Management paper Group 1 IPCC(Nov 2012)
*Covered Topics :
FM
Time Value if money :                     -5
Financing Decisions                         -5
Financial Analysis and planing          -8
Funds Flow Statements                  -12
Capital Budgeting                          -12
Theory                                         -20

Total                                            =60

*costing
Labour                                         -5
Materials                                     -5
Overheads                                   -8
Contract Costing                          -4
Standard Costing                         -6
Marginal Costing                         -8
Reconciliation                            -8
Theory                                    -12

Total                                      =56

*paper Analysis:
All might have entered the exam hall with lot of tension as fear.
But when you have read the paper it would have cooled you little bit and made you relax.
because the paper was again not so litigated and was average.
Thanks to ICAI it has covered the important topics first.
Time Value of money was also  given an importance thats the highlight.
Huge marks from theory making you remember that it should be never be ignored.

*View:
As expected the paper was not made tougher. Basics concepts again.
No one would have complaints with the paper in any regards.
Till now no paper was so critical and this paper is worth of exemption :)

**Theory:
Theory has also the equal importance as practical questions constituting about 32 marks.

SO we do expect this TAX paper to be the same

ALL THE BEST :)
                     

Paper Analysis of IPCC Law Group 1:

CA IPCC LAW NOV 2012 QUESTION PAPER


Review of Law Group 1 IPCC(Nov 2012):

Covered topics:
Companies Act                           -5+8+4+8+4+4
Business Communication                 -5+5+4+4+4
Business Ethics                        -5+5+4+4+4
Contract Act                            -5+8
Negotiable Instruments Act              -8
Payment of Bonus Act                   -4
Gratuity Act                            -4
Provident Fund Act                      -4
Deeds and legal Drafting                -4+8

*Uncovered Topics:
nothing

*Paper Analysis:
the Paper is designed in a very tactic way. Giving weightage to each and every chapter.
no topic was ignored and . No critics against ICAI for this paper as it has stuck to its words.
ACTs were compeletly covered. IF this trend is followed then smart work can easily ensure you succes in upcoming exams.

*View:
Sorry to say but as the portion is vast it has not been easy to answer whole the paper but those who have
read selected topics completely like Co"s act,BC, Ethics can make you pass this exam and also exemption.
It is cleared again that no such important topic is there in ICAI's syllabus.
So make up your mind to read or at least have brief idea on what is asked.

*HINT:
This surely is hint that in upcoming exams no topic will be ignored .
Case Study has been asked after along time and that s also a good news.

All the best for some of toughest exam :)



IPCC accountancy group:1 november 2012



          Review Of accountancy group:1

*Covered Topics
As per highest marks covered
1.Partnership Accounts                                               -21(5+16)
2.Amalgamation                                                          -16
3.Incomplete records or single entry                            -16
4.Hire Purchase                                                          -13(5+8)
5.Accounting for bonus issue of shares                         -8
6.Investment accounts                                                 -8
7.Accounting Standards                                              -8
8.NPO                                                                       -5
9.Self balancing ledgers                                              -5
10.Average Due Date                                                -4
11.Accounting in computerized environment               -4

*Uncovered topics
Profit and loss pre/prior
Company accuonts
Internal reconstruction
Account Current
Cash flow

*Paper analysis:
Partnership accounts with basic concepts and revaluation concept.
Amalgamation in nature of merger
Hire purchase under reverse calculation method and hp Adjustment account.
Single entry with ratio and analysis combined.
NPO with basic concept.
Accounting for bonus issue with lots of basics from cpt .
Self balancing with basic concept.

*View:
ICAI by this paper has once again proved that a student has to be through all the topics.
With lot of basic concept asked and no critical things but the paper was made lengthy to
maintain its standards.
Overall average can be ranked but those who have started the paper with 16 marks may have
felt some tension in completing the paper.
Majorly importance was given to journal entries, which are usually not notified by students
to that extent.

*Shock:
Unable to find internal reconstruction, cash flows may have bothered to some reason.
NPO asked for 5 marks is matter to worry along with AS.
both 16 marks are not easy to answers completely .
covering all the remaining questions with some good presentation in long questions
can surely lead you to exemption.
lost marks can be covered in remaining exams


Wishing you All THE BEST

HOPE THIS EXAM ALSO GOES WELL :)
           

Tips For CA Exams/ IPCC


>In most difficult papers, there are always few questions, which are easy . So start doing easy question your confidence  boosts up and U will be able to answer difficult too


FOR (PCC/IPCC)
>If unable to remember sections in Law, learn name of the Act with year , & in answer write
"As per  provisions of   <name of  act+ year>

Tips for ca exams/ IPCC

Tips for exam:

>dont quote section numbers & case laws unless you are 100% confident
>Dont forget to round off  total income & tax payable to nearest 10/-

Tips for exams

TIP:

If " Fill in the blanks are asked in Exam, then dont write only the answer.
Write the entire sentence and underline the answer 

Mock test papers for IPCC

Hello

IPCC students looking for mock test papers can click here

All the best for exams !

Important Announcement by ICAI


Dear Students,



As you are aware that the Institute of Chartered Accountants of India and University of Madras have entered into a Memorandum of Understanding on 2nd December 2011 to offer Under Graduate and Post Graduate Degree courses viz. Bachelor of Commerce (B.Com)/ Masters in Commerce (M.Com)/ Bachelor in Business Administration(BBA)/ Masters in Business Administration (MBA) for CA Students and Members of the Institute respectively.

The period of admission for the Academic Year 2012 – 2013 is from 1st October 2012 and the last date for receipt of filled in application for admission is 30th November, 2012. For further details, please visit the University website www.ideunom.ac.in and / or ICAI website www.icai.org.
  

Harishree Mehta: she is a CA



Harishree Mehta: Times Now’s most common face Harishree Mehta is a qualified chartered accountant. Her understanding of the stock markets is commendable, something that enables her to anchor some of the primary business shows on the channel.

list OF Important Question For IPCC FM


IPCC imp theory questions:
              
  • Functions of Financial Managemaent/manager
    • Composition Of Return on Equity using Dupont Model
    • Stock Turnover Ratio
    • Weighted Average Cost OF Capital
    • Dividend Price Approach
    • EBIT-EPS Indifference Point
    • Explain Optimal Structure
    • Business Risk VS Financial Risk
    • ADrs, Bridge Finance
    • Estimation OF working Capital need based on Operating Cycle Procees

To Help You

Comment as your doubts or your requirements and queries

we well clear and help you as soon as possible

regards,
razi

Important Chapters For Accounting GROUP-1

Important Chapters For Accounting GROUP-1

1. NPO
2.Internal Reconstruction
3.Accounting Standards
4.

Download Your Admit Card Here

Admit cards available .. follow the link to download
type ur number
as
EX:SRO123456

type pin


http://icai.nic.in/admit_invalid.php

regards,
razi

Service Tax Material For IPCC nov 2012



click  here to download Service Tax material for nov 2012

regards,
razi

Amalgamation notes for IPCC, CA-FINAL

notes for accounts amalgamation here

Notification- rules on direct entry to IPCC/ Articleship


ICAI has announced the rules for direct entry in to the articleship and IPCC for students who have passed degree examination . The announcement regarding this can be downloaded directly from:http://220.227.161.86/27616bos-directca17162b.pdf

1
IMPORTANT ANNOUNCEMENT
BoS/Announcement/227/12 (1) Date: 16th August, 2012

Sub: Direct admission to the Chartered Accountancy Course - Exemption frompassing Common Proficiency Test (CPT) to certain categories of students.
Pursuant to Notification No. 1-CA(7)/145/2012 dated 1st August, 2012 published in the Gazette of India notifying amendments made to the Chartered Accountants Regulations, 1988, the following categories of students shall be exempted from passing the Common Proficiency Test (CPT) and such students with effect from 1st August, 2012 shall be eligible for direct admission to the Chartered Accountancy Course. Applicants who fulfil the requirements, as given below, may register for the Intermediate (Integrated Professional Competence) Course by downloading “Registration Form for admission to the Intermediate (Integrated Professional Competence) Course under Direct Entry Scheme” by submitting the filled-in applications to respective Offices of the ICAI as mentioned in the application form. (Application Form will be available from 17th August, 2012)
1. Direct Entry to Chartered Accountancy Course:
Exempted Categories:
The following categories of students shall be exempted from passing the Common
Proficiency Test (CPT):-
(A) Graduates or Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University) by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing,
Business Administration or Management Accounting;
OR
Graduates or Post Graduates other than those falling under Commerce stream mentioned above having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University).
Explanation:
(a) for calculating the percentage of marks, the marks secured in subjects in which a person is required by the University (including Open University) to obtain only pass marks and for which no special credit is given for higher marks, shall be ignored; and (b) any fraction of half or more shall be rounded up to the next whole number
2
Provisional Registration: Students who are pursuing the Final year of Graduation Course shall be eligible for provisional registration to the Intermediate  (Integrated Professional Competence) Course. Such students would be required to submit satisfactory proof of having passed the graduation examination with the specified percentage of marks within six months, from the date of appearance in the final year graduation examination (i.e. from the day of commencement of the examination). During the period of provisional registration, a student can undergo and complete Information Technology Training (ITT) and Orientation Course. It is clarified that in their case, the practical training shall commence only on becoming a Graduate with specified percentage of marks. Such students shall be eligible for appearing in the Intermediate (Integrated Professional Competence) Examination on completion of nine months of practical training. If such students fail to produce the proof within the aforesaid period, his provisional registration shall stand cancelled and the registration and other fees, as the case may be, paid by him shall not be refunded/ adjusted and no credit shall also be given for the theoretical education undergone.
OR
(B) Candidates who have passed the Intermediate level examination or its equivalent examination by whatever name called conducted by The Institute of Cost Accountants of India or by The Institute of  Company Secretaries of India.
2. Admission to Practical Training (Articled Training):
(i) Students covered under the category mentioned at (A) above, i.e. Commerce Graduates or Post Graduates or Non-Commerce Graduates or Post Graduates
with specified percentage of marks shall be eligible for admission to three years articled training, on completion of -
(a) Information Technology Training; and
(b) Orientation Course
(ii) Students covered under category (B) above, i.e. those who have passed Intermediate level examination of The Institute of Cost Accountants of India or The Institute of Company Secretaries of India shall be eligible for admission to three years articled training on -
(a) Passing of 1st Group or Both Groups of Intermediate (Integrated Professional Competence) Examination; or Accounting Technician level Examination;
(b) Completion of Information Technology Training; and
(c) Completion of Orientation Course
3. Eligibility to appear in the Intermediate (Integrated Professional
Competence) Examination:
(i) Applicable for students falling under Category (A) above
A candidate shall be eligible for admission to the Intermediate (Integrated
Professional Competence) Examination if he –
3
(a) is registered for the Intermediate (Integrated Professional Competence)
Course; and
(b) has completed nine months of practical training (including study course for a period of eight months which shall commence from the date of
registration to the Course).
(ii) Applicable for students falling under Category (B) above
A candidate shall be eligible for admission to the Intermediate (Integrated Professional Competence) Examination if he –
(a) is registered for the Intermediate (Integrated Professional Competence)
Course; and
(b) has undergone a study course for a period of eight months commencing from the date of registration to the Course.
Director, Board of Studies
===========
 ANNOUNCEMENT REGARDING RELAXATION OF NINE MONTHS PERIOD FOR MAY 2013 ATTEMPTS

IMPORTANT ANNOUNCEMENT
BoS/Announcement/227/12 (2) Date: 16th August, 2012
Sub: Relaxation in Eligibility Criteria for students registering upto 30th September, 2012 under the Direct Entry Scheme – Eligible to appear in Intermediate (Integrated Professional Competence) Examination to be held in May, 2013.
The Council, in order to mitigate the hardships being faced by the students registering under Direct Entry Scheme to Chartered Accountancy Course upto 30th September, 2012, has relaxed the eligibility criteria as a one time dispensation, as under, so as to be eligible to appear in the Intermediate (Integrated Professional Competence) Examination to be held in May, 2013.
“The Council has resolved as under -
By virtue of powers vested under Regulation 205 of the Chartered Accountants Regulations, 1988, the Council of The Institute of Chartered Accountants of India hereby resolves that the eligibility requirement(s), inter alia, for the students registering under the Direct Entry Scheme for the Intermediate (IPC) Course till 30th September, 2012, shall be as under, so as to become eligible to appear in the Intermediate (IPC) Examination to be held in May, 2013:-
 Students registered for the articled training till 30th September, 2012 and have also completed Orientation Course and Information Technology Training (ITT) latest by 31st March, 2013.
 Such students shall be eligible to appear in the Intermediate (IPC) Examination to be held in May, 2013 by completing 7 months of articled training and study course
4
concurrently, instead of 9 months of articled training and 8 months of study course respectively.
 Students registered for Intermediate (IPC) Course by passing Intermediate level examination of The Institute of Cost Accountants of India/ The Institute of Company Secretaries of India shall have to undergo 7 months of study course instead of 8 months as prescribed under Regulations, so as to become eligible to appear in the May, 2013 Examination”.

Refer the original announcement from the link on top of this post for further details regarding Fee structure and other information .

Saluting You SIR with every single breath


                                       
                                      Nature can fulfill your needs but not greeds
                                                                                             Mahatma       

tips for new CA students


SPARE YOUR TIME TO READ MUST..

my request


dont take it negatively plzzzz....
CA 's examz are like test matches..
if u are very good u win at last!
if u jus be good u will end up with draw
what we call aggregate miss in our language!

dont be thinking like those exams of other professional courses,
where...
jus one night of study is just enough!
we must be like test players not one day or 20-20..

those who havent started yet..try for an exemption!
this lil time will be consumed for knowing the topics..
cz our subjects are so vast
when can u read then..
hope u got.

regards,
razi
we have guts to take risk..
we have courage to face risk and be what we wana be,
we have passion towards what we do,
we have pride of being part of our course,
we are those among few...
who have the power to give their report to even president directly,
we do create wealth, know how to make it and save it,
we are here transforming the world into the good and best economy

we are the CHARTED ACCOUNTANTS

The Legends...
in the history of WEALTH CREATION, MANAGEMENT!
BOS/Announcement/2012
September 28, 2012 Sub:
Acceptance of Forms for
registration under Direct Entry
Scheme upto 30th September,
2012
Since the last date of submission
of Registration Forms under
Direct Entry Scheme for Articled
Training is 30th September, 2012
i.e. Sunday, the offices of The
Institute of Chartered
Accountants of India (ICAI) will
remain open on 29th & 30th
September, 2012 (Saturday and
Sunday) and forms will be
accepted to enable the students
to avail the benefit of appearing
in May, 2013 Examination and
completing Orientation and ITT
Courses by 31st March, 2012 as
mentioned in our earlier
Announcement dated 16th
August, 2012.

what you have to know before you start the journey to be a CA

This story is on us read must

There once was a bunch of tiny frogs who arranged a climbing competition. The goal was to reach the top of a very high tower. A big crowd had gathered around the tower to see the race and cheer on the contesta
nts. The race began. No one in the crowd really believed the tiny frogs would reach the top of the tower. Heard throughout the race were statements such as, “Oh, way too difficult”, “They will never make it to the top”, “Not a chance they will succeed”, and “The tower is too high”. The tiny frogs began collapsing, one by one - except for those who, in a fresh tempo, were climbing higher and higher. The crowd continued to yell, “It is too difficult! No one will make it”! More tiny frogs got tired and gave up. But one continued to climb higher and higher. This one refused to give up! At the end of the race, all had given up climbing the tower except for the one tiny frog who, after a big effort, was the only one who reached the top! All of the other tiny frogs wanted to know how this one frog managed to do it. They asked him how he had found the strength to succeed and reach the goal. It turned out that the winning frog was deaf! If we really want to accomplish something, we can always choose to become deaf, especially when the people around us say negative or discouraging things.

he made us amazed

HARTA JO NAHI MUSHKILO SE KABHI, JISKA MAQSAD HAI MANJIL KO PANA, DHOOP MEIN DEKHKAR THODI SI CHHAYA, JISNE SIKHA NAHI BAITH JANA, AAG JISME "LAGAN" KI JALTI HAI, "KAAAAAMYABI" USI KO MILTI HAI...  

every one should believe this


tips for CA exams


hai members,
i just wana clear u onething.....
ca profession demands deep knowledge not vast knowledge
referring to too many books may confuse you during exam.

i will tell you why?
each book is written by a author he may have a different view with subject and his method in solving a problem may differ from icai though it might be correct,
as our paper valuationers follow our institutes book and not authors

i recommend u to follow one standard books of icai,
and for reference u can go through only a standard books of authors

1. board books
2. practice manual
3.revision test papers
4. mock test papers by icai

for as
1. ds.rawat

dont study by problem,
learn by concept..

in icai"s history no problem is repeated but concepts are

         
regards,
razi

some people make us feel guilty of us and proud of them

                          if i was like him i would we begging  somewhere around





Excluded topics from ipcc for nov -2012

click to know
                                                                                                                         
                                                                                                                                                 regards,
                                                                                                                                             razi(blogger)

images ganapati

                                                   

may all of you students turn into sucessful  CHARTED ACCOUNTANTS of the TIME & help the country to grow to its economic  needs. And make our country to GREAT INDIA

wishing you all a very enjoying and prosperous GANESH CHATURTHI


                                                                                                                                                   regards,
                                                                                                                                               razi(blogger)
lollzz friends what say?
hit a comment







bowing our head to salute her


Rajani Gopal is India’s first visually impaired woman to become a Chartered Accountant. Currently working with India’s leading software companies, it has taken Rajani immense grit, perseverance, and patience to reach where she stands.
Rajni Gopal is India’s first visually impaired woman to become a Chartered Accountant. Currently working with India’s leading software companies, it has taken Rajani immense grit, perseverance, and patience to reach where she stands.
Rajani Gopal has come a long way after losing her eye sight. She treads on paths that make even sighted people think twice before taking up. Behind this chartered accountant, Veena player and social worker, lies a determined woman who has defied all logic when it comes to success. Let’s talk to Rajani Gopal and find out more about her.



How did you develop your eye problem?
I was prescribed penicillin tablets for common cold. This was given without test dosage and resulted in an allergic reaction which in medical terminology is known as “Steven Johnson Syndrome”. My vision started deteriorating gradually. This was coupled with growth of eye lashes inside the eyes which would constantly itch. I had to visit the doctor almost twice a week to get the lashes plucked. But the damage to the cornea was done and doctors were helpless.

Tell us a bit about your school and college days.
Early school days were as any other normal child. After the allergy, things changed. Because of redness in the eyes, quite a few classmates would avoid me. I had to hear to lot of sympathies from relatives and friends. It would be very difficult to listen. I would try to be all alone by myself. I developed the habit of reading to overcome my loneliness. Initially I would cry and weep. As I grew up I didn’t feel like doing that, for I knew that my parents would be disturbed. I learnt to keep all my emotions to myself. I had very few friends.
At my college things were little different. I was matured enough to handle the situation. I did have friends who were sensible enough. Infact in the final year of my graduation, my friends would write the notes for me, get the books from library, for I couldn’t attend the college due to surgery on my right eye.

What kind of support did you get from family and friends?
There was complete support from my immediate family members. Neither my parents nor my brothers made me to feel at any point of time that I had vision problem. My parents would encourage me in all my ventures as they would encourage my brothers. Even after I lost my vision completely, they would behave as if nothing had happened and gave me all the emotional support.
Though I had very few friends, they were quite sensible and helped me whenever I needed them most. Moreover they would boost my confidence and behave as they would with other “normal” friends.

What are your interests and hobbies?
As already mentioned, I practice meditation-Sahaja Yoga. I enjoy cooking. I play chess. I have learnt to play Veena. I listen to lot of music. I volunteer my services to physically, visually and economically challenged students by providing assistance in their studies.

Tell us any interesting experience you’d like to share.
There have been quite a lot of experiences which have moulded my personality.
As my vision deteriorated gradually, I could see the helplessness of doctors and my parents. At such heart breaking moments, each mile stone in my education would motivate me to go further.
But if you want to know of any particular incident that changes the course of my life, I feel this is it.
Around the time when I lost vision in both my eyes, my father was diagnosed with Leukaemia. It was the prime age of my life and with all confusion I was totally lost and mentally upset. One evening when I just couldn‘t control my emotions, my brother recommended me meditation. He advised that I should do it with open mind and take as hypothesis. I could see within a week that my overall personality was in complete balance and I obtained the necessary confidence and inner strength which I needed the most and which any amount of external counselling wouldn’t have done.
Now I feel, everything that happened was with some purpose and has helped me become a better person move ahead in life with greater strength and confidence.
You work with a reputed IT company. Tell us about your job profile.
I work in the Finance Department. My profile is to work on Indian & U.S.A. Generally Accepted Accounting Practices.

Where were you working before your current assignment? How did you get this break?
I was working for Indian Group of Hotels as Community co-ordinator. I had sent my bio-data to the placement cell of I.C.A.I. and that is how I got this break.

How have you adjusted to your work environment and how have your colleagues responded.
It has been comfortable to adjust to work environment as I am quite versatile on computers. Moreover my work to a large extent is on those applications that extensively support screen reading software.
My colleagues respond very sensibly. There is no discrimination of any sort. Now they know when I need assistance and come forward to give the same. The work atmosphere is very comfortable and friendly.

Becoming a C.A. is a tough task even for sighted people. As a blind person what motivated you to take up this subject and how did you manage?
That is what many told me when I thought of taking up C.A. as a career. But let me tell you, determination and commitment can help you achieve those milestones which seem difficult otherwise.
I lost vision in my right eye by the time I completed my graduation. I faced few interviews where my candidature was not considered because of my vision problem. I realised that I should have a better education to get a decent and dignified job. At this juncture I came to know about Chartered Accountancy. By this time I had learnt to pursue my studies on my own. I thought if I can pursue B.Com on my own then why not C.A.?
Of course, pursuing the course was not easy. It would be difficult for me to read for long time. I had to read keeping the book close to my eyes. Commuting was also quite difficult. For a moment my spirits would be shattered. But I would realise that this is not the way to tackle a problem. I will have to find out ways and means of solving this. I would read for sometime and then close my eyes and try to recollect whatever I would have studied. This way I was not wasting my time and was also giving rest to my eyes, which I needed the most. As far as commuting was concerned, I would prefer to walk short distances, as catching the public transport was difficult. For long distances, invariably I would take the public transport. It was quite risky but I had to take the calculated risk.
After I lost vision in my left eye too, I had to look for means to continue my studies and clear my examinations. But the important hurdle was to accept that I am visually challenged. This did take some time as I would relate myself with my friends who either had a good job or were happily married. I realised that I should come out of this trauma. Sahaja Yoga meditation came to my rescue. The meditation gave the overall balance which I needed the most. I realised that I should accept the situation and go ahead, instead of brooding. I came to know about the screen reading software and learnt how to use computers. My urge to pursue the course was rekindled. I got all the materials converted to soft copy and started studying. For few subjects I took the assistance of volunteers. I also had to learn how to communicate with the scribe, as I was availing scribe facility for the first time.

What are the special assistive tools you use for help at work? Especially when tackling numbers.
As I have already mentioned, I extensively use computers with screen reading software. My assignment does not include going through any written documents. By using Excel and other M.S. Office applications, I am able to manage my job quite comfortably.


world here's what we are
                                        just read you will get an idea



                                                           

Service tax for nov 2012

for those looking for service tax amendments for IPCC nov -2012 exams

heres the link    
                                                                                                                                                      regards,
                                                                                                                                sd.Raziullasha(blogger)
hai! all this is syed. Raziullasha.born on 5-5-1993 in family of bank employee.
ended my schooling on 2008 with percentage of 87.25. with 93.7% i ended my intermideate from NARAYANA JR. COLLEGE.

By the advice of my father i am here doing my CA one of the most toughest and valued profession around the world.
as to create awareness and helping you all there doing this course am here to help you with updates and materials all the stuff necessary for you for being a sucessfull CA
Hope with all your support i can give you all quality help




                                                                                                                                                  regards,
                                                                                                                           sd.Raziullasha(blogger)

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