ICAI CA Syllabus for 2022 Exams: Foundation, Inter, Final

Chartered accountancy is one of the best career options for students who are pursuing a career in Commerce or any other Stream.

It is the highest-paid profession. For those who are interested in the subject of taxation and accounting, then it is a very good career option for them. The path to becoming a chartered accountant is very difficult and challenging. The CA Course duration is minimum of 5 years. There are different levels of exams conducted by ICAI for the students. The CA syllabus is also prepared by ICAI to face CA exams.

There are three levels of examination held by ICAI for the students. These three levels are CA foundation, CA Intermediate, CA Final. Only when students clear all these three levels of exam, then they are considered professional chartered accountants.

The minimum qualification of a student to join CA is +2. After clearing +2, when a student joins CA, he/she has to prepare for the 1st level of the exam. In this level of exam, students face the foundation exam. After clearing the first level, students face the second level, which is CA Intermediate. At this level, students face two groups of exams, group 1 and group 2. This is the tough level of CA. Following that, students face the 3rd level of the exam, which makes them professional CA.

To know more about CA exams, CA exam syllabus, and difficulty level CA, you have to go with the flow of the article.

CA Course Overview

The procedure of being a Chartered Accountant is very challenging because an aspirant has to clear all three levels of examinations. There are some eligibility criteria fixed by ICAI to enter into the CA program.

After qualifying for the +2 exam, students can enroll for the CA course then they can register for CA foundation exam. This is the preferable way to enter into the CA program. But those who want to start CA after their graduation can directly register for the CA Intermediate level, which is the best option. Candidates must secure 55% in the commerce stream, and other stream students must have secured a 60% mark in their graduation.

To appear at the CA Intermediate level, students must meet the above eligibility.

Chartered Accountancy mostly deals with the studies like budget planning, market research, management of the working capital of an organization.

Here is some important information about the chartered accounting course.

ParticularDetails
Course NameChartered accountant(CA)
Duration5 years
Levels of course3 levels
Minimum eligibility10+2 qualification

CA Course structure

As discussed above, there are levels of CA Exam.

These three levels are:

  • Foundation Level
  • Intermediate Level
  • Final Level

The Foundation exam is the entry-level exam for CA. Students who wish to pursue a profession as a Charted Accountant after their +2 examination, should register for the Foundation level exam. ICAI conducts this exam twice a year. The first exam is in May and the second exam is in November month. The duration of the first level is 4 months. Foundation Level exam course fees are Rs.9200 set by ICAI.

After the completion of the foundation level of the exam, candidates are eligible for the registration of CA intermediate level.The exam consists of two groups.

Candidates who wish to pursue the CA exam after graduation can enroll for the Intermediate level now. The course duration for this level is eight months. This is a very difficult level of exam. ICAI also conducts this exam twice in a year, first in May and second in November. The fees structure for the examination is Rs.18000.

To face the third or final Level of the exam, the students have to clear the previous two exams. In the duration of these previous two exams, articleship training is also conducted. After the completion of the final exam, a student can apply for membership.

After that, a candidate becomes a professional Chartered Accountant. The final level exam occurs twice a year in May and November. The final level duration is for three years. It includes registration, a three-year course duration plus training. The final level exam fee is Rs.22000.

To become a professional chartered accountant, the candidate has to face all these exams and training provided by ICAI. Institute of Chartered Accountant India designed the entire course to produce efficient chartered accountants every year.


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    CA Foundation Syllabus

    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 2021 PDF download is available on ICAI’s official site. The four papers for the CA foundation exam, as per the CA syllabus 2021, are:

    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.

    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

    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 & Statistics

    Paper 3 has 3 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

    CA Intermediate Syllabus

    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. Here is the paper of group 1

    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.

    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.

    CA Final Syllabus

    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.

    The first group comprises of:

    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.

    Group 2 papers 

    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.
    2. To develop an understanding of the basic concepts of foreign trade policy to the extent relevant to indirect tax laws and acquire the ability to analyze such concepts.

    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

    1. Foreign Trade Policy to the extent relevant to the indirect tax laws
    2. 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

    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 2021 PDF is available on the official site of ICAI where you know detail about each subject.

    FAQs

    1. How many levels of the exam are there for CA?

    There are three levels of exam conducted by ICAI for CA. These three levels are Foundation level, intermediate level, and final level. After completing these entire three levels one should get the certificate of Chartered accountant.

    2.. How many subjects are there in the CA intermediate exam?

    There are 8 subjects in CA intermediate exam. This exam is divided into 2 groups. Each group carries 4 papers. This exam comprises 800 marks. The exam is conducted 2 times a year one in May and another in November.

    4. What happened if one fails CA final exam?

    If a candidate of CA fails the final exam then he/she got the chance to attend the exam in the next phase. In this phase, they only face the final exam paper not previous exam papers. There is no problem if an aspirant clears the final exam in many attempts.

    5. What is the pass mark for CA intermediate papers?

    A student has to secure an overall 50% in all subjects or 40 out of 100 in each subject to clear CA intermediate papers. According to the CA syllabus, students have to attend the entire 800 mark exam to qualify for this level.