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Amendments

SWATI KAUSHIK (chartered Accountant) (269 Points)

09 August 2014

I want to know what is changes is applicable for nov 2014 from may 2014 .. and from where I can get all amended material.. thanks in advance

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lagnesh (PARTNER) (137 Points)
Replied 09 August 2014

Apart from RTP which will b released soon by BOS

regarding syllabus change for CA Final and IPC exams to be held in May/November 2014. In summary most of the syllabus changes, including ones related to Companies Act, are only happening in Nov’14. The only exceptions are those related to Finance Act, 2013, which are applicable from May’14 itself.

Please refer to the given table for more detailed information.

Exam	Paper	Significant syllabus changes	May’14	Nov’14
IPC	Paper 4- Taxation	Finance Act, 2013
	Paper 2- Business Laws, Ethics and Communication Paper 6- Auditing and Assurance	Companies Act, 2013
	Paper 4- Taxation	Part II- “Service Tax and VAT” has been renamed as “Indirect Taxes”. New topics which have been included are: 1) Introduction to excise duty, customs duty, central sales tax and VAT – constitutional aspects, basic concepts relating to levy, taxable event and related provisions 2) Significant provisions of service tax ( the main topics which have been added are exemption and abatements, invoicing for taxable services, and registration)	Details	Details
	Paper 7- Information Technology and Strategic Management	In Section A- Information Technology: New topics which have been added are: 1) Business Process Management & IT 2) Business process automation through Application software

CA Final	Paper 7- Direct Taxes Paper 8- Indirect Tax Laws	Finance Act, 2013
	Paper 3- Advanced Auditing and Professional Ethics Paper 4- Corporate and Allied Laws	Companies Act, 2013
	Paper 6- Information Systems Control and Audit	Additions/deletions of topics have been done to keep up with recent technological developments. Major topics which have been added are: a) Concepts of Governance and Management of Information Systems b) Information Technology Regulatory Issues c) Emerging Technology
	Paper 8- Indirect Tax Laws	Redistribution of marks- Section A (25 marks), Section B (50 marks), Section C (25 marks)Syllabus changes in- Section B: VAT has been excluded Section C: addition of Foreign Trade Policy (relevant to the customs law)

Note -
The Institute has already updated the publications based on November’14 syllabus. It has instructed May’14 students to use the updated publications with some special guidelines as below.

For CA IPC students only revised material for Part I i.e. Income-tax will be relevant for Paper 4 (Taxation).
CA Final students should skip chapter 16 (Foreign Trade Policy) of section C (Customs and Foreign Trade Policy) for Paper 8 (Indirect Tax Laws). In place of this they need to follow the old syllabus attached in the Appendix at the end of the revised study material. This Appendix includes 8 chapters on VAT and Inter-relationship of accounting.

SWATI KAUSHIK (chartered Accountant) (269 Points)
Replied 09 August 2014

I have suggested book applicable for may 2014 should I purchased new one for nov 2014?

SWATI KAUSHIK (chartered Accountant) (269 Points)
Replied 09 August 2014

I mean supplementary book ( amendment book) instead of suggested book

Kishor Bhat (CA final CS executive (from Bangalore)) (1881 Points)
Replied 09 August 2014

U mean for law rite. For better clarity buy new munish buk(if possible buy big buk only). For new sections section by section 1st read 1 time in law supplement material..after readin 1 section then read it in to new munish buk for ful clarity and finaly stick with his buk. For no more doubts/confusions, its better to buy new munish buk.