20 July 2025
For ICWA Inter 1st Stage, here are the recommended books subject-wise:
1. Financial Accounting T.S. Grewal — Introduction to Accountancy (Well-known for clarity and practice problems) M.C. Shukla — Advanced Accountancy (Good for in-depth concepts) ICWAI Study Material (Always refer for syllabus alignment) 2. Commercial and Industrial Laws & Auditing N.D. Kapoor — Business and Industrial Law (Popular and comprehensive for law topics) S.K. Basu — Auditing Principles and Practice (Good for auditing concepts) ICWAI Study Material (Important for latest updates and specific ICWA topics) 3. Applied Direct Taxes Dr. Vinod K. Singhania — Direct Taxes (Widely used for tax topics, simple language) T.N. Manoharan — Direct Taxes (Another good book for applied taxes) ICWAI Study Material (Must for syllabus specifics and case laws)