ICAI has at last announced the Syllabus Applicable for May 2012 Exams for PCC, IPCC and Final Students. Relevant notification which contains subject wise applicability of syllabus for May 2012 exams is attached herewith for your reference. For latest study materials, refer icai website to download. Taxation subject material is updated recently. IndAS is not applicable for May 2012 exams for all levels of CA. Hope it helps you.