CA Inter Important Questions – All Subjects Covered

Preparing for the CA Intermediate exam? Focusing on the right topics is key. This guide brings together all CA Inter important questions from every CA Inter subject in one place. We base our facts on official ICAI sources, so you can trust the accuracy. The CA Intermediate New Scheme consists of 6 papers covering Advanced Accounting, Laws, Taxation (split into Income Tax and GST), Cost & Management Accounting, Auditing & Ethics, and Financial Management & Strategic Management. The exams are now held thrice a year – January, May/June, and September. Each paper is 100 marks (3 hours) with 30% case‐scenario MCQs and 70% descriptive questions, and no negative marking. To pass, a student needs at least 40% in each paper and 50% aggregate in a group.

Below, you’ll find ca inter important questions and topics for each subject. Use them as a checklist to ensure you cover every key area. We also recommend referring to ICAI’s official study materials, revision test papers and past papers for full context (official syllabus links are provided in sources).

CA Intermediate Subjects Overview:

The CA Inter Course consists of 6 subjects across two groups:

Group I:

1. Paper 1: Advanced Accounting
2. Paper 2: Corporate and Other Laws
3. Paper 3: Taxation
   • Section A: Income-tax Law
   • Section B: Goods and Services Tax (GST)

Group II:

4. Paper 4: Cost and Management Accounting
5. Paper 5: Auditing and Code of Ethics
6. Paper 6: Financial Management and Strategic Management

CA Inter Accounts Important Questions

The Advanced Accounting paper covers company accounts, corporate restructuring and standards. Important topics include:

• Accounting Standards: AS 1 (Policies), AS 2 (Inventories), AS 3 (Cash Flow), AS 10 (PPE), AS 12 (Govt Grants), etc. Questions often ask to apply these standards in financial statements.
  
• Company Accounts: Issue of shares (rights, bonus, redemptions), debentures, profit prior to incorporation, managerial remuneration (see syllabus points). For example, questions frequently require preparing profit and loss or cash flow statements under different scenarios.
  
• Corporate Restructuring: Amalgamations (excluding inter-company holdings), internal reconstruction, and liquidation of companies. These topics are hot – you may get problems on pooling-of-interests or bonus adjustment.
  
• Consolidated Financial Statements: Consolidation of a parent with a single subsidiary (ignoring special cases). Multi-subsidiary or foreign subsidiary cases are excluded, but basic consolidation (including goodwill) is often tested.
  
• Partnership Firms: Dissolution accounts, piecemeal distribution, conversion into a company, Limited Liability Partnership (LLP) accounting. These appear frequently as problems or theoretical questions.
  
• Special Topics: Banking and NBFC accounting (regulations and reserve fund), departmental accounts, branch accounts, etc. Keep an eye on recent issues (e.g. Neo-Banks) but focus on basics.

Tip: Practice problems on consolidation and amalgamation; they recur every exam. Always follow ICAI’s format for presenting schedules and notes. (Refer to ICAI Study Material and RTPs for examples.)

CA Inter Audit Important Questions

The Auditing & Assurance paper is packed with theory on audit processes, standards and ethics. Key areas include:

• Audit Strategy & Planning: Audit strategy vs. audit program, materiality (SA 320), planning procedures. You should be able to outline an audit plan and document audit risks.
  
• Audit Documentation & Evidence: Concepts of audit working papers, form/content of audit files (SA 230), sources of audit evidence (SA 500). Typical questions ask you to describe audit procedures to obtain evidence (e.g. vouching, confirmation).
  
• Risk & Internal Control: Audit risk components (inherent, control, detection), understanding an entity’s internal controls (SA 315). Questions often test knowledge of COSO or “reasonable assurance” concepts.
  
• Auditor’s Responsibilities: Fraud and ethics (SA 240), auditor independence threats, going concern assumption (SA 570). For example, be prepared to explain the auditor’s duty regarding fraud reporting under the Companies Act (CARO).
  
• Audit Sampling & Analytics: Meaning and methods of audit sampling (SA 530), substantive analytical procedures (SA 520). These concepts frequently appear in MCQs and short notes.
  
• Audit of Financial Items: Checklists for major accounts (sales, purchases, inventory, loans, investments, etc.). Problems might require you to describe audit tests for revenue recognition or depreciation, etc.
  
• Company Audit: Auditor’s appointment/removal, branch audit, CARO clauses (Companies Act 2013). This is always important – memorize key sections (e.g. audit of accounts, resignations, audit committee).
  
• Audit Reports (SA 700 series): Elements of an auditor’s report, types of modified opinions (qualified, adverse, disclaimer). You should practice framing an opinion paragraph given a scenario (often in RTPs).
  
• Special Audits: Banks and NBFCs (NPA audit emphasis), not-for-profit entities, government audits (overview). Questions on bank audit or new topics like cybersecurity in audit can appear.

CA Inter Corporate and Other Laws Important Questions

This Company Law & Other Laws paper is theory-heavy. Important questions cover:

• Company Law – Company Act: Incorporation procedures (forms, MOA/AOA), prospectus/public issues (misstatements), share capital rules (types of shares, forfeiture, buyback), acceptance of deposits (limits, auditor’s report requirements). Expect essay/MCQ questions on each.
  
• Management & Administration: Board composition and powers, meetings (requisites for quorum, voting), resolutions, minutes. Removal/appointment of directors and auditors.
  
• Company Accounts & Audit: Statutory books (registers), financial statements (schedule III compliance), audit-related provisions (audit committee, auditor duties). CARO/Companies Act provisions on accounts are popular.
  
• Audit of Companies: Eligibility, removal of auditors, branch audit, joint audit. Study CARO reporting requirements (list of items).
  
• LLP Act (2008): Formation, partners’ relations, financial disclosures. LLP topics are often 1–2 marks each, so know definitions.
  
• Other Laws: Key provisions of the General Clauses Act, 1897 and Interpretation of Statutes (Chapter on Interpretation Act), and FEMA 1999 basics (external commercial borrowings, FDI routes). Typically one question is asked on these allied laws.

Note: Many “CA Inter law important questions” focus on Companies Act and FEMA. Review amendments (e.g. recent Companies Act changes) in ICAI’s study material. Use bullet points for CARO clauses.

CA Inter Costing Important Questions

The Cost and Management Accounting paper (often called Costing) tests quantitative application. Focus on:

• Cost Sheet & Estimation: Preparation of cost sheets, cost of finished goods, cost of production. Practice framing cost statements from raw data.
  
• Material, Labour & Overhead: FIFO/LIFO/weighted average stock methods, labour incentive schemes (Halsey, Rowan), overhead absorption rates.
  
• Job and Process Costing: Problems on job costing (cost plus, contract), process costing including normal/abnormal losses. These are standard problem areas.
  
• Activity-Based Costing (ABC): Basics of ABC vs traditional costing; cost drivers. Often a short note or calculation on ABC may appear.
  
• Budgeting: Flexible vs fixed budgets, cash budgets, zero-based budgeting. Show variance analysis for overheads.
  
• Standard Costing & Variance Analysis: Material, labour, and overhead variances. Expect problems where you compute mix/yield variances, or do reconciliation of profit.
  
• Marginal Costing: Break-even analysis, PV ratio, margin of safety, pricing decisions. These MCQ-friendly topics are evergreen.
  
• CVP Analysis: Graphical and mathematical analysis of cost-volume-profit. Often combined with decision-making questions.
  
• Cost Audit: Objectives and scope of cost audit; cost audit reporting (may have a theory question).
  
• Inventory Control Techniques: Basic EOQ, JIT vs FIFO.

Study Tip: Practice a lot of problems on variances and job/process costing. Use past papers to know how questions are framed (ICAI provides revision and practice papers).

CA Inter SM Important Questions

Strategic Management (SM) include both technology and strategy. Important topics are:

• Automated Business Processes: Flowcharts and narratives for key processes (sales, purchase, payroll). Be able to draw a simple flowchart or explain a workflow.
  
• Information Systems: Types of accounting/information systems (Transaction Processing, MIS, ERP systems). For example, know basic modules of an ERP or uses of Tally.
  
• E-commerce & Emerging Tech: Basics of e-business models, payment gateways, digital signatures, data security, etc. Cybersecurity concepts can be an MCQ topic.
  
• Risk & Controls: Enterprise Risk Management (ERM) framework, internal controls in IT (FIRE-Web for IT risks: Firewall, IDS, etc). Example: Explain general vs application controls.
  
• Strategic Management: (Section B) Key questions include SWOT analysis, PESTLE analysis of external environment, Porter’s Five Forces, BCG Matrix, etc.
  
• Strategy Formulation: Types of strategies (corporate vs business strategy), stability vs growth strategies, diversification (e.g. backward integration).
  
• Strategy Implementation & Evaluation: Balanced Scorecard, business process reengineering, change management, strategy review methods.
  
• Case Studies: SM often has case-based MCQs or short notes. Practice analysing a brief business scenario for strategic issues.

Keyword Note: Searches often look for “CA Inter EIS SM important questions” or “SM important questions”. Cover both by studying all above topics. ICAI slides list these topics officially.

CA Inter FM Important Questions

The Financial Management (FM) part (Paper 6 Section A) and Economics cover corporate finance. Key areas to focus on:

• Capital Budgeting: NPV, IRR, payback, profitability index – compute and interpret. Also answer theory on project risk (NPV profile).
  
• Cost of Capital: Weighted Average Cost of Capital (WACC), cost of equity (CAPM), cost of debt, cost of preference shares. Questions often combine cost of capital with capital structure.
  
• Capital Structure & Leverage: Optimum capital structure concepts, MM theory (with/without taxes), EBIT-EPS analysis.
  
• Working Capital Management: Calculations of working capital ratios, cash management (Baumol, Miller-Orr models), inventory control (EOQ, VED analysis).
  
• Financial Ratios & Planning: Liquidity, solvency, profitability ratios; cash flow statements (direct/indirect); forecasting using pro-forma statements.
  
• Dividend Decisions: Dividend theories (Walter, Gordon), types of dividends and policies. Occasionally a short question on dividend policy impact.
  
• Business Valuation: Basics of dividend discount model or free cash flow.
  
• Capital Markets: Primary vs secondary market, share issue methods, SEBI regulations (light questions).
  
• Economics for Finance: Macro fundamentals – demand-supply, price elasticity, GDP components; Indian financial system (RBI functions, money markets). Inflation, exchange rates basics.

Approach: FM questions often mix formulas with theory. Use bullet-point answers for conceptual parts (e.g. list factors affecting working capital). Practice drawing break-even charts and interpreting graphs (sometimes asked).

CA Inter GST Important Questions

Goods and Services Tax questions (Tax Paper, Section B) focus on law and procedures. Key topics include:

• GST Basics: Concept of supply (goods/services), including composite and mixed supply, and legal definitions. The “place of supply” rules (intra-state vs inter-state supplies) are heavily tested.
  
• Charge of GST: Levy of CGST/SGST/IGST, registration thresholds, reverse charge mechanisms.
  
• Exemptions & NIL-rated: Common exempt goods/services. Some questions may list scenarios asking if GST is applicable.
  
• Time of Supply & Value: Rules determining when supply is deemed made (e.g. invoice date vs payment date) and valuation principles for GST (transaction value, value of free supplies).
  
• Input Tax Credit (ITC): Conditions for availing ITC, blocked credits, reversal of excess credit. Most GST mistakes happen on ITC; practice MCQs on blocked credits.
  
• Invoices and Documentation: GST invoice, credit/debit notes, bills of supply. Proper invoicing is often an MCQ topic.
  
• Registers, Returns & Payment: Statutory records (GSTR-1, GSTR-3B, GSTR-9 etc). Filing frequencies and due dates.
  
• E-Way Bill: Situations when e-way bills are needed, duration for transport.
  
• TDS/TCS & Interest: GST provisions on TDS/TCS (like on OIDAR, property), late payment interest.
  
• Impact Questions: Compare VAT vs GST features, or practical impact on registration rules.

Tip: ICAI syllabus for GST is divided into 2 modules covering supply, time/place of supply, ITC, invoices, returns, etc. These chapters list all sub-topics – make sure to cover each one.

CA Inter Tax Important Questions

The Income Tax Law section tests computations and theory. Important areas are:

• Basic Concepts: Residence of individual (Residential status rules) and scope of total income. MCQs often ask to classify income of various persons.
  
• Heads of Income: Computation under each head:
  
  • Salaries: components (basic, allowances, perquisites), taxability (PF, rent-free accommodation).
    
  • House Property: Annual value concept, self-occupied vs let-out computations.
    
  • Business/Profession: Depreciation rules, specified business (e.g. presumptive taxation) – focus on current allowances.
    
  • Capital Gains: Short vs long term, indexation, exemptions under Sections 54-54GB.
    
  • Other Sources: Interest, dividend (if taxable), gifts, winnings.

ICAI emphasizes practice problems under each head.

• Deductions (Chapter VI A): Sections 80C to 80U – know common deductions (80C investments, 80D medical, 80TTA interest, etc.).
  
• Clubbed Income & Aggregation: Clubbing provisions (transfer to spouse/children). Set-off and carry forward of losses.
  
• Advance Tax and TDS: Calculation of advance tax, due dates; TDS provisions on salary and specified payments.
  
• Return Filing & Assessment: Types of returns (ITR-1 to 7), due dates, self-assessment vs best judgment. Also Forms 26AS / 16.
  
• Tax Computation: Final computation of gross total income, deductions, and tax liability (including surcharge). Questions often give a full scenario to compute taxable income.
  
• Tax Planning: Basic MCQs may ask concepts (e.g. difference between tax avoidance/evasion).

Resource: ICAI’s latest study material breaks Section A into chapters on all these topics. Practice numerical problems end-to-end. Focus on logic behind slab-wise calculation and exemption limits.

Official ICAI sources

Whenever possible, refer to ICAI’s own publications (study notes, revision test papers, suggested answers) to validate answers. Remember, CA Inter important questions are a study aid to reinforce learning, but they cannot replace thorough understanding. Cover your study material fully, then use this list to ensure no critical topic is missed.

For a printable study companion, consider compiling these notes into a PDF. Share this guide with your friends so everyone benefits. Focus hard in the weeks before exams; practicing these important areas will boost your confidence and scores.