Changes for nov 14

Accounting

No changes in the syllabus

Business Laws, Ethics and Communication

Partial applicability of Companies Act, 2013
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- 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.
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- Basic concepts of excise, customs, central sales tax and CENVAT credit have been included. Coverage of service tax has been widened.
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(View ICAI Announcement | Highlight of changes)
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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.
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(View ICAI Announcement | Highlight of changes)