Changes for nov 14

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what are the changes for nov'14. Please tell me subject wise . kya changes hai. not section wise.I hv taken accounts tution. because of these changes dubara leni padegi? notification said change in accounts 1 ; law; tax;accounts 2 ; auditing . Please tell me actual changes kisme hai.
Replies (2)
I am in ipcc and askin changes in ipcc.

For CA-IPC, Nov'14 Exams:-
.

Accounting

No changes in the syllabus

Business Laws, Ethics and Communication

Partial applicability of Companies Act, 2013
.
- 53 sections out of 98 sections notified by MCA on 12.09.2013 (View ICAI Announcement)

Cost Accounting and Financial Management

No changes in the syllabus

Taxation

ST & VAT syllabus has been revised and renamed as Indirect Taxes.
.
- Basic concepts of excise, customs, central sales tax and CENVAT credit have been included. Coverage of service tax has been widened.
.
(View ICAI Announcement | Highlight of changes)
.
For direct tax AY remains the same as applicable for May’14 exams. You will need to do the relevant notifications/circulars issued up to 30.04.2014.

Advanced Accounting

No changes in the syllabus. There will be some minor updates regarding CRR and SLR rates in the banking chapter.

Auditing and Assurance

No changes in the syllabus

Information Technology and Strategic Management

IT syllabus has been revised. New topics have been added.  No change in SM.
.
(View ICAI Announcement | Highlight of changes)

.
Apart from the above, refer to the RTPs for Nov’14 exams as and when released for further amendments, if any.
.
The notification regarding changes in the syllabus of Accounting, Law, Adv. Accounting and Auditing due to Companies Act, 2013 will be applicable from May’15 exam and onwards. (View ICAI Announcement)

 

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