CA Student

Add-On Info & Clarification on the CA Reservation News Some of the Pages on Facebook and other social networking sites has edited our today's post on CA Reservations and are spreading false news. The following clarification are given in this regard: 1. It is True that a proposal was submitted for Reservation. The same can be verified from the list of PILs submitted in court, through 'Public Documents' option. 2. The news that 'ICAI has approved the Reservation' is totally FALSE. The Facebook pages which have spread this news have been reported. 3. It is just a PROPOSAL made by a group of CAs and it is almost impossible for ICAI to accept this. Other Add-on Important Clarification: 1. The Suggested Answers for Nov 2017 exams will be released only around one week before declaration of results (around 24th January). 2. The GST Study Material for May 2018 is same for both Old and New Syllabus students. 3. The syllabus of SM in New IPCC syllabus is majo...

Clarification on Change of Name and Address Students who wish to correct any mistakes in their names as per ICAI Records, or to change address, you need to send a handwritten application to below address. On the application, you are required to mention the proposed new name. There is no online facility for this. With this process, you can change your Signature, Date of Birth too. Along with this letter, you need to attach your Registration letter or old Marksheet as ID Proof. Note that there is no specific format for this application. This procedure is free of cost. The Following is the address to send the form: Joint Secretary (Exams) The ICAI ICAI Bhawan Post Box No.7112,  Indraprastha Marg, New Delhi-110002 

Proposal for Reservation System in CA Course Submitted Note that this is not an announcement from ICAI. It is very unlikely that ICAI will actually approve such things. This is a General Information news about a proposal put forward by few group of CAs. A Group of Chartered Accountants has come together to submit a proposal for introducing Reservations for Backward Castes and Minorities. One proposal is to relax some passing rules to certain students. Reservation will pave way to allot certain percentage of jobs in Government and Public Companies. The Groups is arguing that, As ICAI is a Constitutional Body, A PIL has been filed in the Supreme Court. The group of CAs has pooled large amounts of funds to hire a top Advocate in India to bring in success to their proposal.

All India Top 3 Rankers: The average Salary Package offered in the current year stood at an all time high at Rs.29 Lakhs, for working in India. During last two years, the same figure is Rs.26.5 Lakhs. For posting abroad, highest salary offered was Rs.61 Lakhs, by Rak Bank, UAE. Other Rank Holders: The Salary Package offered for Rank Holders in CA Final exams stood at Rs.16 Lakhs, compared to Rs.14 Lakhs in 2016. It is interesting to note that, Rank in IPCC Level is given less preference during Job Selections. However, there are cases where Ranks in IPCC and Final was given an extra merit. Cleared CA Final Both Groups in Single Attempt: Many companies are treating students under this category to that of Rank Holders. Infact, companies like TCS and ITC are accepting applications from students who have cleared both groups of CA Final in single sitting. The average salary offered for them stood at Rs.15.6 Lakhs, compared to Rs.13.3 Lakhs in 2016. Cleared Final in Multiple Attem...

How does GST reform affect the Indian economy? What is the reaction of the Indian business community? Featured below is a sampling of GST’s effects. Effect on Consumer Goods and Services When it comes to consumer goods and services, the main concerns are food and the services sector. For these, the GST brings good and not so good news. The good news is that food products are charged 0%. The not so good news is that services in general are seeing an increase of 18% from 15%. On the other hand, the implementation of GST increases the tax on footwear and garments priced at INR 500 from the previous 14.41% to 18% but those priced lower than INR 500 are taxed lower at 5%. Effect on Transportation Under GST, cab and taxi rides are taxed lower, from 6% to 5%. For those who who travel by air, GST is favorable as the tax rate is lowered to 5% for the economy class and 12% for business class. Train fare, meanwhile, is mostly unaffected as the change is minimal, from 4.5% to 5%. Tho...

Interview : Student Cleared IPCC after 9 Attempts Mr.Govind has cleared his CA IPCC after multiple attempts. He as agreed to give a short interview on his prolonged success. Whats your reaction when you finally cleared the exam? I can’t describe my feelings in words. I have been waiting for that moment for 4 years and that should the happiest moment in my life. Did you face any pressure from your family or friends to move on and take up any other course? No, my family and friends have been extremely supportive through this entire episode. The only pressure i faced is from my relatives and neighbours.  Every Diwali they kept asking me what am I doing and for the past 4 years, and I have been telling them the same answer and few made me feel very embarrassed. Then i realized that, People who care about you don't laugh at you. If they are laughing at you, they don't care about you and so, ignore them in the first place. What went wrong in your previous attempt? What cha...

As you might be aware, starting May 2018, GST will be applicable for both Old and New Syllabus students of CA IPCC. For CA Inter Students, The topic will be applicable for 40 Marks and Study Material has already been released for the same. For old syllabus students, entire IDT Part of 50 Marks will now be replaced by GST only. Note that the Study Material that was issued for New CA Inter students is same for old syllabus students too. Note that, as this is the first attempt, Practice Manual is not available and therefore students need to prepare from just the Study Material. Also, at IPCC level, more preference will be given to theory rather than practical questions. Apart from GST, there are no other syllabus changes for Old Syllabus Students.