ICAI CA Syllabus & Subjects for Foundation, Inter & Final 2023 (PDF)

Particular	Details
Course Name	Chartered accountant(CA)
Minimum eligibility	10+2 qualification
Course Levels	Foundation, Inter & Final
Number of Levels	CA Foundation – 4 CA Intermediate – 8 CA Final – 8
Difficulty Level	Average to Hard
CA Course Duration	5 years
Conducting Body	ICAI

CA Subjects	CA Syllabus PDF
CA Foundation Syllabus	Download
CA Inter Syllabus	Download
CA Final Syllabus	Download

CA Foundation Syllabus 2023

CA Foundation syllabus includes four subjects. The candidate must have to clear all these four papers to qualify for the exam. The CA foundation syllabus 2023 PDF download is available on ICAI’s official site. The four subjects in the CA syllabus for the Foundation level are:

Check the complete CA Foundation exam pattern for the 2023 exams.

Paper 1 – Principle and Practice of Accounting

This is a total 100 mark paper. A candidate must have a secure 40% mark to clear this paper. Topics of paper 1.

• Theoretical Framework
• Accounting Process
  • Preparation of Trial Balance
  • Rectification of Errors etc,
• Bank Reconciliation Statements
• Inventories
• Concepts and Accounting for Depreciation
• Accounting for Special Transactions
• Final Accounts of Sole Proprietors
• Partnership Accounts
• Financial Statements of Not-For Profit Organizations.
• Introduction to the Company Accounts
• Basic Accounting Ratios.

Also Check: CA Foundation Study Material

Paper 2- Business Law, Business Correspondence and Reporting

This paper has two parts. Part 1 comprises Business Law, which carries 60 marks and part 2 comprises Business Correspondence and Reporting, which has to carry 40 marks. Topics of paper 2

Section 1 – Business Law

1. The Indian Contract Act, 1872
2. The sale of Goods Act, 1930
3. The Indian Partnership Act, 1932
4. The Limited Liability Partnership Act, 2008
5. The Companies Act, 2013

Section 2

Part – 1   Communication

Part -2    Sentence Types and Word Power

1. Sentence types (Direct, Indirect, Active-Passive Speech)
2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes,  Phrasal verbs, Collocations & Idioms.

Part -3  Comprehension Passages and Note Making

1. Comprehension Passages
2. Note Making

Part -4  Developing writing Skills

1. Introduction to Basic writing
2. Précis Writing
3. Article Writing
4. Report Writing
5. Writing Formal Letters
6. Writing Formal Mails
7. Resume Writing
8. Meetings

Paper 3 – Business Mathematics and Logical Reasoning and Statistics

Paper 3 has three parts, and each part carries distinct marks Topics for paper 3

Section A: Business Mathematics

Topics covered are-

1. Ratio and Proportion, Indices and Logarithms
2. Equations and Matrices
3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
4. Time value of Money
5. Permutations and Combinations
6. Sequence and Series
7. Sets, Relations, and Functions
8. Basic applications of Differential and Integral calculus

Section B: Logical Reasoning

1. Number series, Coding and Decoding and odd man out.
2. Direction Tests
3. Seating Arrangements
4. Blood Relations
5. Syllogism.

Section C: Statistics

1. Statistical description of Data
2. Measures of Central tendency and Dispersion
3. Probability
4. Theoretical Distributions
5. Correlation and Regression
6. Index Numbers and Time Series

Paper 4 – Business Economics & Business and Commercial Knowledge

This paper has two parts.topics for paper 4

Section A: Business Economics

Topics covered in this section includes-

1. Introduction to Business Economics
2. Theory of Demand and Supply
3. Theory of Production and Cost
4. Price Determination in Different Markets
5. Business Cycles

Section B: Business and Commercial Knowledge

Topics covered in this subject are-

1. Business and Commercial Knowledge – An Introduction
2. Business Environment
3. Business Organizations
4. Government Policies for Business Growth
5. Organizations Facilitating Business
6. Common Business Terminologies

VSI Jaipur can help you in completing your syllabus on time and get the best result. So, join the CA Foundation Coaching now for Dec 2022 and May 2023 exams.

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CA Intermediate Syllabus 2023

The CA Intermediate syllabus carries 8 subjects. This level is divided into 2 groups. In the first group of the exam a candidate faces 4 papers and in the second group also faces 4 papers. To face the final terms , CA candidates must clear the intermediate level. As per the CA syllabus ICAI a student gets an 8-month duration to complete all these subjects.

Paper 1 – Accounting

This paper comprises of 100 marks. And a student gets 3 hours to complete this paper. The candidate must have secured a 40% mark for this paper.

Topics covered in this Subject are-

1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs.
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
3. Application of Accounting Standards
4. Company Accounts
5. Accounting for Special Transactions
6. Special Type of Accounting
7. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.

Paper 2 – Corporate and Other Laws

This paper has 2 parts. One is company law, and another is other laws. These 2 parts carry 50 marks each.

SECTION – A  Company Law

Topics covered in this Section are –

1. Preliminary
2. Incorporation of Company and Matters Incidental thereto
3. Prospectus and Allotment of Securities
4. Share Capital and Debentures
5. Acceptance of Deposits by companies
6. Registration of Charges
7. Management and Administration
8. Declaration and Payment of Dividend
9. Accounts of Companies
10. Audit and Auditors

Note- Students shall also note that sections of Companies Act, 1956 which are still in force will form part of your syllabus.

SECTION – B    Other Laws

Laws covered in this section are –

1. The Indian Contract Act, 1872
2. The Negotiable Instruments Act, 1881
3. The General Clauses Act, 1897
4. Interpretation of Statutes.

Paper 3- Cost and management accounting

This paper also consists of 100 marks.

Topics covered under cost and management accounting are-

• Overview of Cost and Management Accounting
  • Introduction to the Cost and Management Accounting.
  • Elements of cost and preparation of cost sheets.
• Ascertainment of Cost and Cost Accounting System.
  • Material Cost
  • Employee Cost
  • Direct Expenses
  • Overheads
  • Concept of ABC analysis
  • Recording and Accounting of Costs
• Methods of Costing –
  • Single Output/ Unit Costing
  • Job Costing
  • Batch Costing
  • Process / Operation Costing
  • Costing of Service Sectors
• Cost Control and Analysis
  • Standard Costing
  • Marginal Costing
  • Budget and Budgetary control.

Paper 4- Taxation

This paper is divided into two sections. In section one income tax law has 50 marks and in section two indirect taxes have 50 marks also.

SECTION – A        Income Tax

This section covers topic like-

1. Basic concepts
2. Residential status and scope of total income
3. Income which do not form part of the total income
4. Heads of Income and computation of Income under various heads-
   1. Salaries
   2. Income from House Property
   3. Income from Business and Profession
   4. Capital Gains
   5. Income from other sources
5. Income of other person’s included in assessee’s total income
6. Aggregation of Income, Set off or Carry forward and set off of losses.
7. Deduction from the 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

Topics covered under this head are-

1. Concept of indirect taxes
2. Concept and features of indirect taxes
3. Principal indirect taxes
4. Goods and Services Tax (GST) Laws
5. GST Laws: An introduction including Constitutional aspects
6. Levy and collection of CGST and IGST
7. Application of CGST / IGST law
8. Concept of supply including composite and mixed supplies
9. Charge of tax
10. Exemption from tax
11. Composition levy

iii. Basic concepts of time and value of supply

1. Input tax credit
2. Computation of GST liability
3. Registration

vii. Tax invoice; Credit and Debit Notes; Electronic way bill

viii. Returns

1. Payment of tax including reverse charge

This is the entire syllabus of Group – 1 in Intermediate.

In group two of CA intermediate 4 papers are available. These are follows

Paper 5- Advanced accounting

This paper consists of 100 marks. A candidate should have to secure 40% to clear the paper.

Topics Covered by this Subject are-

1. Application of Accounting Standards. (AS – 7,9,14,18,19,20,24,26,29)
2. Application of Guidance Notes issued by the ICAI on specific accounting aspects.
3. Special aspects of Company Accounts.
4. Reorganization of Companies.
5. Financial Reporting of Banking, Financial Services and Insurance.
6. Valuation of Goodwill.
7. Consolidated Financial Statements.

Paper 6 – Auditing and Assurance

This is the paper on auditing. In this paper, students face 100 marks of exams in 3 hours.

Topics covered in this subject are as follows –

1. Nature, Objective, and Scope of Audit.
   1. Auditing Concepts.
   2. Standard Setting  Process.
   3. Engagement Standards
2. Audit Strategy, Audit Planning, and Audit Programme.
3. Audit Documentation and Audit Evidence
4. Risk Assessment and Internal Control.
5. Fraud and Responsibilities of an Auditor in this regard.
6. Audit in an Automated Environment.
7. Audit Sampling.
8. Analytical Procedures.
9. Audit of Items of Financial Statements.
10. The Company Audit
11. Audit Report
12. Audit of Banks
13. Audit of Different types of Entities.

Paper 7 – Enterprise Information Systems and Strategic Management

This paper is divided into two sections one is enterprise information system and another is strategic management. These two sections carry 100 marks.

SECTION – A     Enterprise Information Systems

Topics covered in the above section are as follows –

1. Automated Business Processes
2. Financial and Accounting Systems.
3. Information Systems and its Components.
4. E-Commerce, M-Commerce and Emerging Technologies.
5. Core Banking Systems.

SECTION – B     Strategic Management

Topics covered by this section are as follows-

1. Introduction to Strategic Management.
2. Dynamics of Competitive Strategy.
3. Strategic Management Process.
4. Corporate level strategies.
5. Business Level Strategies.
6. Functional Level Strategies.
7. Organization and Strategic Leadership.
8. Strategy Implementation and Control.

Paper 8 – Financial Management and Economics for Finance

This paper also has two sections. One is financial management and another is Economics for Finance. This paper carries 100 marks also.

SECTION – A         Financial Management

Topics covered under this section are –

• Financial Management and Financial Analysis.
  • Introduction to the Financial Management Functions
  • Financial Analysis through Ratios
• Financing Decisions
  • Sources of Finance
  • Lease Financing
  • Cost of Capital
  • Capital Structure Decisions
  • Leverages

• Capital Investment and Dividend Decisions
  • Capital Investment Decisions
  • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
  • Dividend Decisions
• Management of Working Capital

This are the topics which you will study in depth under this section.

SECTION – B   Economics for Finance

Topics covered under this section are as follows-

1. Determination of National Income
2. Public Finance
3. The Money Market
4. The International Trade

This is the entire course at Intermediate Level of CA Course.

The CA intermediate exam consists of 800 marks for the entire subject. This level of CA is difficult. So students have to put much attention to this level of exam.

Check the complete CA Intermediate study material for the May 2023 exams.

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CA Final Syllabus 2023

The ICAI provides the CA course syllabus to know about the subjects and topics for the exam. CA final exam is the last step towards Chartered Accountancy. If a candidate wishes to be a professional CA then he/she must have face all these three levels of exam. The final level exam of CA consists of 8 subjects. ICAI conducts this exam in two groups.

Paper 1: Financial Reporting

This paper carries 100 marks. And it takes 3 hours to complete the exam.

Topics covered in this subject at the Final level are-

1. Application of Existing Accounting Standards (AS 15,21,23,25,27,28)

(you will also be required to apply other accounting standards if applicable in other questions).

1. Application of Guidance Notes issued by the ICAI on Specified Accounting Aspects.
2. Framework for the preparation and presentation of Financial Statements.
3. Application of Indian Accounting Standards (IND AS).
4. Consolidated and Separate Financial Statements (as per IND AS)
5. Application of Industry-specific and Transaction-specific Indian Accounting Standards.
6. Business Combinations and Accounting for Corporate Restructuring/ Demerger (As per IND AS).
7. Accounting and Reporting of Financial Instruments (As per IND AS).
8. Accounting for Share-Based Payments.(As per IND AS)
9. Analysis of Financial Statements.
10. Accounting for Carbon Credits
11. Accounting for E-Commerce
12. Emerging trends in Reporting.

Paper 2: Strategic Financial Management

This paper also carries 100 marks.

Topics covered under this subject are as follows –

1. Financial Policy and Corporate Strategy.
2. Indian Financial System.
3. Risk Management.
4. Security Analysis.
5. Security Valuation
6. Portfolio Management.
7. Securitization
8. Mutual Funds
9. Derivatives Analysis and Valuation.
10. Foreign Exchange Exposure and Risk Management.
11. International Financial Management.
12. Interest Rate Risk Management
13. Corporate Valuation
14. Mergers, Acquisition and Corporate Restructuring.
15. International Financial Center (IFC).
16. Startup Finance
17. Small and Medium Enterprises

Paper 3: Advanced Auditing and Professional Ethics

This paper also carries 100 marks.

Topics Covered in this Subject are as follows-

1. Auditing Standards, Statements and Guidance Notes
2. Audit Planning, Strategy and Execution.
3. Risk Assessment and Internal Control.
4. Special Aspects of Auditing in an Automated Environment.
5. Audit of Limited Companies.
6. Audit Reports.
7. Audit Reports and Certificates for Special Purpose Engagements.
8. Audit Committee and Corporate Governance.
9. Audit of Consolidated Financial Statements.
10. Special Features of audit of Banks, Insurance and Non Banking Financial Companies.
11. Audit under Fiscal Laws.
12. Special Audit Assignments.
13. Audit of Public Sector Undertakings.
14. Liabilities of Auditors.
15. Internal Audit, Management and Operational Audit.
16. Due Diligence, Investigation and Forensic Audit.
17. Peer Review and Quality Review.
18. Professional Ethics.

Paper 4: Corporate and Economic Laws

This paper has two parts. One is corporate law and another is economic law. These two parts carry 100 marks.

PART – 1    CORPORATE LAWS

This is further divided into two section one is Company Law and the other one is Securities Law.

SECTION – A     Company Law

The objective behind this subject is to acquire the ability to analyse, interpret and apply the provisions of Company Law in practical situations.

Topics Covered under Company Law are as follows –

Companies Act, 2013

1. Appointment and Qualification of Directors.
2. Appointment and Remuneration of Managerial Personnel.
3. Meetings of Board and its Powers.
4. Inspection, Inquiry and Investigation.
5. Compromises, Amalgamations and Arrangements.
6. Prevention of Oppression and Mismanagement.
7. Winding Up.
8. Producer Companies.
9. Companies incorporated outside India.
10. Miscellaneous Provisions.
11. Compounding of Offences, Adjudication and Special Courts.
12. National Company Law Tribunal and Appellate Tribunal.

Corporate Secretarial Practice

Drafting notices, Resolutions, Minutes.

Note – The students should also note that the provisions of Companies Act, 1956 which are still in force would form part of your syllabus till their corresponding sections are not enforced in the Companies Act, 2013.

SECTION – B    Securities Law

The objective behind this section is to acquire the ability to analyse the significant provisions of select securities laws.

Topics covered under this head are as follows-

1. The Securities Contract (Regulation) Act, 1956 and Securities Contract (Regulation) Rules, 1957. Introduction and Important Provisions.
2. The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009 and SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.

PART – 2     ECONOMIC LAWS

Topics covered in this part are –

1. The Foreign Exchange Management Act, 1999.
2. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
3. The Prevention of Money Laundering Act, 2002.
4. Foreign Contribution Regulation Act, 2010.
5. The Arbitration and Conciliation Act, 1996.
6. The Insolvency and Bankruptcy Code, 2016.

Paper 5: Strategic Cost Management and Performance Evaluation

This is the paper on auditing. In this paper, students face 100 marks of exams in 3 hours.

The subject is divided into three categories-

• Strategic Cost  Management and Decision Making.
  • Strategic Cost Management
  • Strategic Decision Making
• Performance Evaluation and Control.
  • Performance Evaluation and Reporting.
  • Managerial Control.
• Case Studies (Covering course Concepts)

PART – 1     STRATEGIC COST MANAGEMENT AND DECISION MAKING

SECTION – A         Strategic Cost Management

Topics covered by the above section are –

1. Introduction to Strategic Cost Management.
2. Modern Business Environment.
3. Learn System and Innovation.
4. Cost Management Techniques.
5. Cost Management for Specific Sectors.

SECTION – B        Strategic Decision Making

1. Decision Making
2. Pricing Strategies / Decisions

PART – 2    PERFORMANCE EVALUATION AND CONTROL

SECTION – A     Performance Evaluation and Reporting   

1. Performance Measurement and Evaluation
2. Divisional Transfer Pricing
3. Strategic Analysis of Operating Income.

SECTION – B    Managerial Control

1. Budgetary Control
2. Standard Costing

SECTION – C  Case Studies

It covers the Course Concepts

Note- Apart from the above topics application of the following Quantitative Techniques are required to be studied to linkage to course concepts –

1. Linear Programming
2. Learning Curve / Experience Curve.

Paper 6: Elective Paper

This is an elective paper. So candidate can select one of the under elective papers

6A Risk Management, 6B Financial Services, and Capital Markets, 6C International Taxation, 6D Economic Laws, 6E Global Financial Reporting Standards, 6F Multi-disciplinary Case Study

PAPER – 6A         RISK MANAGEMENT

The objective behind introducing this subject in CA Curriculum is gain an understanding of the risk faced by the businesses and to learn techniques of managing such risks.

To build capability for applying such learning to address risk related issues in real business scenarios.

Topics Covered –

1. Introduction to Risk
2. Source and Evaluation of Risks.
3. Risk Management.
4. Quantitative Analysis
5. Risk Model
6. Credit Risk Measurement and Management.
7. Risk Associated with the Corporate Governance.
8. Enterprise Risk Management.
9. Operational Risk Management.

Following topics covered in SFM and LAW will also form part of this syllabus –

1. Risk Management in Investment Decisions.
2. Foreign Exchange Risk.
3. Interest Rate Risk.

PAPER – 6B     FINANCIAL SERVICES AND CAPITAL MARKETS

OBJECTIVE

To gain knowledge of Financial Services rendered by Intermediaries and Banks and their role and activities in the Financial Market in general and Capital Market in particular and also to apply such knowledge in practical scenarios.

Topics covered by this subject are as follows –

1. Global Financial Markets
2. Impact of Various policies of Financial Markets
3. Capital Market – Primary
4. Capital Market – Secondary
5. Money Market
6. Institutions and Intermediaries
7. Commodity Market
8. A. Banking Management
9. Banking as a source of capital including NBFC’s
10. Mutual Funds
11. Private Equity
12. Investment Banking
13. Credit Rating
14. Treasury Operations
15. Risk Management
16. Credit Derivatives
17. SEBI Guidelines

Following topics which are covered in SFM and LAW will  also form part of the syllabus-

1. Securitization
2. Fixed Income Securities (Valuation of Bonds/ Debentures)
3. Derivatives
4. Interest Rate Risk
5. The Securities and Exchange Board of India Act, 1992
6. Legislative framework on listing agreements
7. The Securities Contract (Regulation) Act, 1956
8. Chapter III-D of the RBI Act, 1934

PAPER – 6C    INTERNATIONAL TAXATION

OBJECTIVE

The Objective behind introducing this subject in CA Course is to develop an understanding of the concepts, principles and provisions of International Taxation and to apply such concepts and knowledge in preparing Computation and address in practical scenarios.

Further it is divided into two sections-

1. Taxation of International Transactions and Non- Resident Taxation in India
2. Other aspects of International Taxation

SECTION – A  Taxation of International Transactions and Non- Resident Taxation in India

Topics covered in this subject are as follows –

1. Transfer Pricing Provisions under the INCOME TAX Act, 1961.
2. Arm’s Length Price
3. International Transactions

iii. Most Appropriate Method

1. Functions, Assets and Risk Analysis
2. Documentation & Compliances
3. Specific Reporting Regime in respect of Country by Country reporting and master file

vii. Advance Pricing Agreements

1. Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961

1. Non-resident Taxation (including Source Rule of Taxation)
2. Double Taxation Relief

iii. Advance Rulings

1. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.

SECTION – B    Other Aspects of International Transaction

The topics covered by this topics are as follows –

1. Overview of Model Tax Conventions.
2. OECD Model Tax Convention
3. UN Model Tax Convention

iii. US Model Tax Convention

1. Tax treaties, Application, and Interpretation
2. Features of Tax treaties
3. Overview of Tax Information Exchange Agreements

iii. Commentaries and their importance

1. Role of Vienna Convention in application and interpretation of tax treaties
2. Anti Avoidance Measures
3. Controlled Foreign Corporations
4. Base Erosion and Profit Shifting

iii. Other Anti Avoidance Measures

1. Taxation of E-Commerce Transactions
2. Introduction
3. Emerging issues

iii. Equalisation levy

Note – The students may note that the transfer pricing part in PART – 1 will carry 30 marks.

PAPER – 6D        ECONOMICS LAWS   

OBJECTIVE

To develop an understanding of the provisions of different economic laws and acquire the ability to apply such knowledge to address issues in practical case scenarios.

Topics covered under this subject are as follows –

1. World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
2. Competition Act, 2002 and Rules/ Regulations
3. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
4. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
5. Prevention of Money Laundering Act, 2002 and Rules/ Regulations
6. Foreign Exchange Management Act, 1999 and Rules/ Regulations
7. Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

PAPER – 6E    GLOBAL FINANCIAL REPORTING STANDARDS

OBJECTIVE

1. To develop an understanding of the key concepts and principles of International Financial Reporting Standards and to acquire the ability to apply such knowledge to make computations and address issues in practical case scenarios.
2. To develop an understanding of the significant differences between IFRS and US GAAPs and apply the same in practical case scenarios.

Topics Covered –

1. Conceptual Framework for Financial Reporting as per IFRS – 10 Marks
2. Application of International Financial Reporting Standards – 70 Marks
3. Significant differences between IFRS and US GAAPs – 20 Marks

PAPER – 6F     MULTI-DISCIPLINARY  CASE STUDY

OBJECTIVE

To analyze and integrate the concepts, principles and provisions of accounting, auditing, taxation, corporate laws, finance and business strategy and management to address issues in practical case scenarios

Topics covered –

This paper will include Case Studies covering the following areas.

1. Financial Accounting and Reporting
2. Audit and Assurance
3. Taxation
4. Finance and Financial Management
5. Management Accounting
6. Corporate Laws
7. Business Strategy and Management

Paper 7: Direct Tax Laws & International Taxation

This paper is divided into two parts. One is Direct tax laws and another is International taxation.

SECTION – A        Direct Taxation

OBJECTIVE

To acquire the ability to analyze and interpret the provisions of direct tax laws and recommend solutions to practical problems.

Topics Covered –

Law and Procedures under the Income-tax Act, 1961

1. Basis of charge, residential status, income which do not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income,  set-off and carry forward of losses, deductions from gross total income, rebates and reliefs
2. Special provisions relating to companies and certain persons other than a company
3. Provisions relating to charitable and religious trusts and institutions, political parties and electoral trusts
4. Tax Planning, Tax Avoidance & Tax Evasion
5. Collection & Recovery of Tax, Refunds
6. Income-tax Authorities, Procedure for assessment, Appeals and Revision
7. Settlement of Tax Cases, Penalties, Offences & Prosecution
8. Liability in Special Cases
9. Miscellaneous Provisions and Other Provisions

SECTION – B         International Taxation

OBJECTIVE

To develop an understanding of the concepts, principles and provisions of International Taxation and acquire the ability to apply such knowledge to make computations and to address application oriented issues .

Topics Covered –

1. Taxation of international transactions and Non-resident taxation
2. The provisions under the Income-tax Act, 1961, including
3. Specific provisions relating to Non-residents
4. Double Taxation Relief
5. Transfer Pricing & Other Anti-Avoidance Measures
6. Advance Rulings
7. Equalization levy
8. Overview of Model Tax Conventions – OECD & UN
9. Application and interpretation of Tax Treaties
10. Fundamentals of Base Erosion and Profit Shifting

Paper 8: Indirect Tax Laws

This paper is also divided into two parts one is goods and services taxes and another is customs and FTP.

Section – A: Goods and Service Tax

OBJECTIVE

To acquire the ability to analyze and interpret the provisions of goods and services tax law and recommend solutions to practical problems.

Topics Covered –

1. Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017
2. Constitutional aspects
3. Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy

iii. Place of supply

1. Time and Value of supply
2. Input tax credit
3. Computation of GST liability

vii. Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work

viii. Provisions relating to electronic commerce

1. Liability to pay in certain cases
2. Administration of GST; Assessment and Audit
3. Inspection, Search, Seizure and Arrest

xii. Demand and Recovery

xiii. Offences and Penalties

xiv. Advance Ruling

1. Appeals and Revision

xvi. Other provisions

Section – B: Customs & FTP

OBJECTIVE

1. To develop an understanding of the customs laws and acquire the ability to analyze and interpret the provisions of such laws.

Topics Covered –

1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
2. Introduction to customs law including Constitutional aspects
3. Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable

the event, a charge of customs duty, exceptions to levy of customs duty, exemption from custom duty

iii. Types of customs duties

1. Classification and valuation of imported and export goods
2. Officers of Customs; Appointment of customs ports, airports etc.
3. Import and Export Procedures – All import and export procedures including special procedures relating to

baggage, goods imported or exported by post, stores

vii. Provisions relating to coastal goods and vessels carrying coastal goods

viii. Warehousing

1. Drawback
2. Demand and Recovery; Refund
3. Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods

xii. Searches, seizure and arrest; Offences; Penalties; Confiscation and Prosecution

xiii. Appeals and Revision; Advance Rulings; Settlement Commission

xiv. Other provisions

2. Foreign Trade Policy to the extent relevant to the indirect tax laws
3. Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of

FTP and other related provisions

1. Basic concepts relating to import and export of goods

iii. Basic concepts relating to export promotion schemes provided under FTP

Must Check: CA Final Study Material

This is the whole syllabus of the Chartered Accountancy Course

All these papers of the final exam consist of 800 marks. A student must have to secure a 40% mark to clear all the papers of final exams. CA syllabus 2023 PDF is available on the official site of ICAI where you know detail about each subject.

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