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CA Final syllabus and subjects for Nov 2017 exam

CA Final Syllabus and subjects for Nov 2017 exam

CA Final Syllabus : The Institute of Chartered Accountants of India (ICAI) conducts the Chartered Accountancy (CA) examinations of Final Course twice i.e. May and November every yearThe ICAI subjects and syllabus for the CA Final Nov 2017 Examination are specified here. 

CA FInal Syllabus and subjects for Nov 2017 exam

CA FInal Syllabus and subjects for Nov 2017 exam

CA Final Syllabus and subjects for Nov 2017 exam

Here we are providing complete details of CA Final group 1 and group 2 Syllabus.

These are the subjects for CA Final Group 1 Syllabus

Group 1
Paper 1 Financial Reporting
Paper 2 Strategic Financial Management
Paper 3 Advanced Auditing and Professional Ethics
Paper 4 Corporate and Allied Laws

These are the subjects for CA Final Group 2 Syllabus

Group 2
Paper 5 Advanced Management Accounting
Paper 6 Information Systems Control and Audit
Paper 7 Direct Tax Laws
Paper 8 Indirect Tax Laws

CA Final Amendments for Nov 2017 Exam

CA Final Amendments for Nov 2017 Exam are provided here for all subjects

CA Final FR Amendments for Nov 2017 exam

AS-6 has been removed and merged with AS-10. So, for Nov 2017 exam, students need to study the revised AS-10.

Topics in FR Applicable for Nov 2017:

1) All AS

2) Introduction to IND AS

3) All Ind AS carve outs/ins vis-a-vis IFRS

4) Comparative study of IND AS with AS

5) Ind AS 32, 107 & 109 in detail

6) AS 30, 31 & 32

Topics in CA Final FR Not Applicable for Nov 2017:

6) All Ind AS in detail

7) Interpretations by IFRIC

8) Understanding of US GAAP’s

9) Application of IFRS and US GAAP

10) chapter 2 & 6 of Jan 15 edition Study Material(SM)

Recommended Read : Complete details of CA Final FR Syllabus for Nov 2017 exam

CA Final SFM Amendments for Nov 2017

There are no new Syllabus & Amendments in CA Final SFM Syllabus. The same syllabus that was applicable for earlier exam will be applicable for Nov 2017.

Recommended Read : Complete details of CA Final SFM Syllabus for Nov 2017 exam

CA Final Auditing Amendments Nov 2017

In view of the decision taken by the appropriate authority and approved list of pronouncements applicable for November 2017 Examination, students are required to refer to erstwhile SA 700 series (SA 700, SA 705 and SA 706 published in January 2016 edition of Study Material and Auditing Pronouncements) instead of revised SA 700 series (SA 700, SA701, SA 705, SA 706 as given in January 2017 edition of the Study Material).

There has been few changes in the Guidance Note on Reporting under section 143(3)(f) and section 143(3)(h). These sections deals with the duties and powers of company auditors.

Recommended Read : Complete details of CA Final Audit Syllabus for Nov 2017 exam

CA Final Corporate Law Amendments Nov 2017

The Ministry of Corporate Affairs has implemented few changes in the Companies Act, 2013. Due to this, ICAI has amended few sections and provisions in the Companies Act part.

Recommended Read : Complete details of CA Final Law Syllabus for Nov 2017 exam

CA Final AMA Syllabus Amendments for Nov 2017

There are no new changes or Amendments in the CA Final AMA syllabus.

Recommended Read : Complete details of CA Final AMA Syllabus for Nov 2017 exam

CA Final ISCA Amendments for Nov 2017

There are no new changes or amendments in the CA Final ISCA Syllabus applicable for Nov 2017 exams.

Recommended Read : Complete details of CA Final ISCA Syllabus for Nov 2017 exam

CA Final Direct Tax Amendments for Nov 2017

When compared to syllabus applicable for the last exam, there are around 10-15 Amendments in CA Final Direct Tax syllabus.

Amendments made in the provisions of Direct Tax Laws by the Finance Act, 2016 including various circulars and notifications issued up to 30th April, 2017 will be applicable for CA Final November, 2017 examinations. Accordingly, the applicable assessment year shall be A.Y. 2017-18 for Direct Tax Laws for CA Final November, 2017 Examination.

The Revision Test Paper (RTP) for November 2017 Examination shall contain the significant amendments by way of notifications and circulars issued between 1st May, 2016 and 30th April, 2017.

ICDS Applicable for November, 2017 Exam:

CA Final students appearing in November, 2017 examination may note that Income Computation and Disclosure Standards (ICDS) shall be applicable. Accordingly, you are required to apply ICDS for computation of income or for answering application based or knowledge based questions. This is because the applicability of ICDS has been postponed to the assessment year 2017-18 and subsequent assessment years by CBDT vide Notification No.S.O.3079(E) dated 29.9.2016.

Recommended Read : Complete details of CA Final DT Syllabus for Nov 2017 exam

CA Final IDT Amendments for Nov 2017

There are around 20-25 new Amendments in CA Final Indirect Tax Syllabus.students appearing in November, 2017 final examination will be examined on “Overview of GST” for 10 marks in Paper 8: Indirect Tax Laws.

Recommended Read : Complete details of CA Final IDT Syllabus for Nov 2017 exam

Recommended Read:

CA Final Syllabus For May 2018

ICAI has announced some changes in CA Final syllabus 2018 also. These changes in CA Final syllabus / scheme applicable from 2018. In new scheme also there are 8 papers for CA Final exam.

1. The subject Information Systems Control and Audit (ISCA) has removed in CA Final syllabus.

2. International Taxation for 40 marks has been added in CA Final syllabus 2018 view of increasing importance of the subject in the present globalized world.

3. A new subject ‘Financial Services and Capital Market’ has been included to make CA more competitive in the finance related areas.

4. The nomenclature Corporate Laws and other Economic Laws has been kept to make the name more representative of the subject.

Here we are providing complete details of CA Final group 1 and group 2 Syllabus.

These are the subjects for CA Final Group 1 Syllabus

Group 1
Paper 1 Financial Reporting
Paper 2 Strategic Financial Management
Paper 3 Advanced Auditing and Professional Ethics
Paper 4 Corporate Laws and Other Economic Laws

These are the subjects for CA Final Group 2 Syllabus

Group 2
Paper 5 Advanced Management Accounting
Paper 6 Financial Services and Capital Markets
Paper 7 Advanced Tax Management and  International Taxation
Paper 8 Indirect Tax Laws

CA Final syllabus

CA Final Subjects

CA Final Old Syllabus Vs CA Final New Scheme Syllabus 

CA Final Old SyllabusCA Final New Syllabus
800 Marks and 8 papers800 Marks and 8 papers
Group 1
Financial Reporting (100 Marks)Financial Reporting (100 Marks)
Strategic Financial Management (100 Marks)Strategic Financial Management (100 Marks)
Advanced Auditing and Professional Ethics (100 Marks)Advanced Auditing and Professional Ethics (100 Marks)
Corporate (70 Marks) and Other Economic Laws (30 Marks)Corporate (70 Marks ) and Other Economic Laws (30 Marks)
Group 2
Advanced Management Accounting (100 Marks)Advanced Management Accounting (100 Marks)
Information Systems Control and AuditFinancial Services and Capital Markets (50 Marks) & Information Systems Control and Audit (50  Marks)
Direct Tax Laws (100 Marks)Advance Direct Tax Laws (70 Marks) and International Taxation (30 Marks)
Indirect Tax Laws (100 Marks)Advance Indirect Tax Laws (100 Marks)

CA Final syllabus

CA Final Paper 1 : Financial Reporting[100 marks]

CA Final Paper 1 : Level of Knowledge

CA Final Paper 1 : Objectives:

(a)To gain ability to analyze financial statements including consolidated financial statements of group companies and financial reports of various types of entities,
(b)To gain ability to apply valuation principles,
(c)To familiarise with recent developments in the area of financial reporting,
(d)To gain ability to solve financial reporting and valuation cases.

CA Final Paper 1 : Contents:

1.Accounting Standards, Accounting Standards Interpretations and Guidance Notes on various accounting aspects issued by the ICAI and their applications.
2.Overview of International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), Interpretations by International Financial Reporting Interpretation Committee (IFRIC), Significant difference vis-a-vis Indian Accounting Standards.
Understanding of US GAAP,
Applications of IFRS and US GAAP.
3.Corporate Financial Reporting – Issues and problems with special reference to published financial statements.
4.Accounting for Corporate Restructuring (including inter-company holdings).
5.Consolidated Financial Statements of Group Companies Concept of a Group, purposes of consolidated financial statements minority interest, Goodwill, Consolidation procedures – Minority interests, Goodwill, Treatment of pre- acquisition and post-acquisition profit.
Consolidation with two or more subsidiaries, consolidation with foreign subsidiaries.
Consolidated profit and loss account, balance sheet and cash flow statement.
Treatment of investment in associates in consolidated financial statements.
Treatment of investments in joint ventures in consolidated financial statements.
6.Accounting and Reporting of Financial Instruments
Meaning, recognition, derecognition and offset, compound financial instruments
Measurement of financial instruments
Hedge accounting
Disclosures
7.Share based payments
Meaning, Equity settled transactions, Transaction with employees and non- employees
Determination of fair value of equity instruments
Vesting conditions
Modification, cancellation and settlement
Disclosures
8.Financial Reporting by Mutual funds, Non-banking finance companies, Merchant bankers, Stock and commodity market intermediaries.
9.Valuation

(a)Concept of Valuation
(b)Valuation of Tangible Fixed Assets
(c)Valuation of Intangibles including Brand Valuation and Valuation of Goodwill
(d)Valuation of Liabilities
(e)Valuation of Shares
(f)Valuation of Business
10.Developments in Financial Reporting

(a)Value Added Statement
(b)Economic Value Added, Market Value Added, Shareholders’ Value Added
(c)Human Resource Reporting
(d)Inflation Accounting

CA Final syllabus

CA Final Paper 2 : Strategic Financial Management[100 marks]

CA Final Paper 2 : Level of Knowledge :

Advanced knowledge.

CA Final Paper 2 : Objectives:

(a)To gain ability to analyze financial statements including consolidated financial statements of group companies and financial reports of various types of entities,
(b)To gain ability to apply valuation principles,
(c)To familiarise with recent developments in the area of financial reporting,
(d)To gain ability to solve financial reporting and valuation cases.

Contents:

1.Accounting Standards, Accounting Standards Interpretations and Guidance Notes on various accounting aspects issued by the ICAI and their applications.
2.Overview of International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), Interpretations by International Financial Reporting Interpretation Committee (IFRIC), Significant difference vis-a-vis Indian Accounting Standards.
Understanding of US GAAP,
Applications of IFRS and US GAAP.
3.Corporate Financial Reporting – Issues and problems with special reference to published financial statements.
4.Accounting for Corporate Restructuring (including inter-company holdings).
5.Consolidated Financial Statements of Group Companies Concept of a Group, purposes of consolidated financial statements minority interest, Goodwill, Consolidation procedures – Minority interests, Goodwill, Treatment of pre- acquisition and post-acquisition profit.
Consolidation with two or more subsidiaries, consolidation with foreign subsidiaries.
Consolidated profit and loss account, balance sheet and cash flow statement.
Treatment of investment in associates in consolidated financial statements.
Treatment of investments in joint ventures in consolidated financial statements.
6.Accounting and Reporting of Financial Instruments
Meaning, recognition, derecognition and offset, compound financial instruments
Measurement of financial instruments
Hedge accounting
Disclosures
7.Share based payments
Meaning, Equity settled transactions, Transaction with employees and non- employees
Determination of fair value of equity instruments
Vesting conditions
Modification, cancellation and settlement
Disclosures
8.Financial Reporting by Mutual funds, Non-banking finance companies, Merchant bankers, Stock and commodity market intermediaries.
9.Valuation

(a)Concept of Valuation
(b)Valuation of Tangible Fixed Assets
(c)Valuation of Intangibles including Brand Valuation and Valuation of Goodwill
(d)Valuation of Liabilities
(e)Valuation of Shares
(f)Valuation of Business
10.Developments in Financial Reporting

(a)Value Added Statement
(b)Economic Value Added, Market Value Added, Shareholders’ Value Added
(c)Human Resource Reporting
(d)Inflation Accounting

CA Final syllabus

CA Final Paper 3 : Advanced Auditing and Professional Ethics[100 marks]

Objectives:

(a)To gain expert knowledge of current auditing practices and procedures and apply them in auditing engagements,
(b)To develop ability to solve cases relating to audit engagements.

Contents:

1.Auditing Standards, Statements and Guidance Notes
Auditing and Assurance Standards (AASs); Statements and Guidance Notes on Auditing issued by the ICAI; Significant differences between Auditing and Assurance Standards and International Standards on Auditing.
2.Audit strategy, planning and programming
Planning the flow of audit work; audit strategy, planning programme and importance of supervision: review of audit notes and working papers; drafting of reports; principal’s ultimate responsibility; extent of delegation; control over quality of audit work; reliance on the work of other auditor, internal auditor or an expert.
3.Risk Assessment and Internal Control
Evaluation of internal control procedures; techniques including questionnaire, flowchart; internal audit and external audit, coordination between the two.
4.Audit under computerized information system (CIS) environment
Special aspects of CIS Audit Environment, need for review of internal control especially procedure controls and facility controls. Approach to audit in CIS Environment, use of computers for internal and management audit purposes: audit tools, test packs, computerized audit programmes; Special Aspects in Audit of E-Commerce Transaction.
5.Special audit techniques

(a)Selective verification; statistical sampling: Special audit procedures; physical verification of assets, direct confirmation of debtors and creditors
(b)Analytical review procedures
(c)Risk-based auditing.
6Audit of limited companies
Statutory requirements under the Companies Act 1956; Audit of branches: joint audits; Dividends and divisible profits % financial, legal, and policy considerations.
7.Rights, duties, and liabilities of auditors; third party liability.
8.Audit reports; qualifications, notes on accounts, distinction between notes and qualifications,
detailed observations by the statutory auditor to the management vis-a-vis obligations of reporting to the members.
9.Audit Committee and Corporate Governance
10.Audit of Consolidated Financial Statements, Audit Reports and Certificates for Special Purpose engagements; Certificates under the Payment of Bonus Act, import/export control authorities, etc.; Specific services to non-audit clients; Certificate on Corporate Governance.
11.Special features of audit of banks, insurance companies, co-operative societies and non-banking financial companies.
12.Audit under Fiscal Laws, viz, Direct and Indirect Tax Laws.
13.Cost audit
14.Special audit assignments like audit of bank borrowers, audit of stock and commodity exchange intermediaries and depositories; inspection of special entities like banks, financial institutions, mutual funds, stock brokers.
15.Special features in audit of public sector companies. Directions of Comptroller and Auditor General of India under Section 619; Concepts of propriety and efficiency audit.
16. Internal audit, management and operational audit Nature and purpose, organisation, audit programme, behavioural problems; Internal Audit Standards issued by the ICAI; Specific areas of management and operational audit involving review of internal control, purchasing operations, manufacturing operations, selling and distribution, personnel policies, systems and procedures. Aspects relating to concurrent audit.
17.Investigation and Due Diligence.
18.Concept of peer review
19.Salient features of Sarbanes – Oxley Act, 2002 with special reference to reporting on internal control.
20.Professional Ethics
Code of Ethics with special reference to the relevant provisions of The Chartered Accountants Act, 1949 and the Regulations thereunder.

CA Final syllabus

CA Final Paper 4: Corporate and Allied Laws[100 marks]
Section A: Company Law (70 Marks)

Level of Knowledge :

Advanced knowledge.

Objectives:

To be able to analyze and apply various provisions of the Companies Act in practical situations

Contents:

1.The Companies Act, 1956, Rules and Regulations thereunder in its entirety with specific reference to

(a)Accounts and audit
(b)Dividend
(c)Directors – powers, managerial remuneration
(d)Meetings, powers of the Board and related party transactions
(e)Inspection and Investigation
(f)Compromises, Arrangements and Reconstructions
(g)Prevention of Oppression and Mismanagement
(h)Revival and Rehabilitation of Sick Industrial Companies
(i)Corporate Winding up and Dissolution
(j)Producer Companies
(k)Companies incorporated outside India
(l)Offences and Penalties
(m)E-governance
2.Corporate Secretarial Practice – Drafting of Resolution, Minutes, Notices and Reports

CA Final syllabus

Section B: Allied Laws (30 Marks)

Objectives:

To develop ability to analyse the requirements of laws stated in the Section.

Contents:

3.An overview of the following laws –

(a)The Securities and Exchange Board of India Act,1992, Rules, Regulations and Guidelines issued thereunder.
(b)The Securities Contracts (Regulation) Act, 1956
(c)The Foreign Exchange Management Act, 1999
(d)The Competition Act, 2002
(e)The Banking Regulation Act, 1949, The Insurance Act, 1938. The Insurance Regulatory and Development Authority Act, 1999. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
(f)The Prevention of Money Laundering Act, 2002
4.Interpretation of Statutes, Deeds and Documents.

CA Final syllabus

CA Final subjects Paper 5: Advanced Management Accounting[100 marks]

Level of Knowledge :

Advanced knowledge.

Objectives:

To apply various management accounting techniques to all types of organizations for planning, decision making and control purposes in practical situations.
To develop ability to apply quantitative techniques to business problems

Contents:

1.Cost Management
(a)Developments in the business environment; just in time; manufacturing resources planning; (MRP); automated manufacturing; synchronous manufacturing and back flush systems to reflect the importance of accurate bills of material and routings; world class manufacturing; total quality management.
(b)Activity based approaches to management and cost analysis
(c)Analysis of common costs in manufacturing and service industry
(d)Techniques for profit improvement, cost reduction, and value analysis
(e)Throughput accounting
(f)Target costing; cost ascertainment and pricing of products and services
(g)Life cycle costing
(h)Shut down and divestment.
2.Cost Volume Profit Analysis
(a)Relevant cost
(b)Product sales pricing and mix
(c)Limiting factors
(d)Multiple scarce resource problems
(e)Decisions about alternatives such as make or buy, selection of products, etc.
3.Pricing Decisions
(a)Pricing of a finished product
(b)Theory of price
(c)Pricing policy
(d)Principles of product pricing
(e)New product pricing
(f)Pricing strategies
(g)Pricing of services
(h)Pareto analysis
4.Budgets and Budgetary Control
The budget manual, Preparation and monitoring procedures, Budget variances, Flexible budgets, Preparation of functional budget for operating and non-operating functions, Cash budgets, Capital expenditure budget, Master budget, Principal budget factors.
5.Standard Costing and Variance Analysis
Types of standards and sources of standard cost information; evolution of standards, continuous -improvement; keeping standards meaningful and relevant; variance analysis; disposal of variances.

(a)Investigation and interpretation of variances and their inter relationship
(b)Behavioural considerations.
6.Transfer pricing
(a)Objectives of transfer pricing
(b)Methods of transfer pricing
(c)Conflict between a division and a company
(d)Multi-national transfer pricing.
7.Cost Management in Service Sector
8.Uniform Costing and Inter firm comparison
9.Profitability analysis – Product wise / segment wise / customer wise
10.Financial Decision Modeling
(a)Linear Programming
(b)Network analysis – PERT/CPM, resource allocation and resource leveling
(c)Transportation problems
(d)Assignment problems
(e)Simulation
(f)Learning Curve Theory
(g)Time series forecasting
(h)Sampling and test of hypothesis

CA Final syllabus

CA Final subjects Paper 6 : Information System and Control Audit

Level of Knowledge :

Advanced knowledge.

Objectives:

To gain application ability of necessary controls, laws and standards in computerized Information system.

Contents:

1.Information Systems Concepts
General Systems Concepts – Nature and types of systems, nature and types of information, attributes of information.
Management Information System – Role of information within business
Business information systems –various types of information systems – TPC, MIS, DSS, EIS, ES
2.Systems Development Life Cycle Methodology
Introduction to SDLC/Basics of SDLC
Requirements analysis and systems design techniques
Strategic considerations : Acquisition decisions and approaches
Software evaluation and selection/development
Alternate development methodologies- RAD, Prototype etc
Hardware evaluation and selection
Systems operations and organization of systems resources
Systems documentation and operation manuals
User procedures, training and end user computing
System testing, assessment, conversion and start-up
Hardware contracts and software licenses
System implementation
Post-implementation review
System maintenance
System safeguards
Brief note on IS Organisation Structure
3.Control objectives
(a)Information Systems Controls
Need for control
Effect of computers on Internal Audit
Responsibility for control – Management, IT, personnel, auditors
Cost effectiveness of control procedure
Control Objectives for Information and related Technology (COBIT)
(b)Information Systems Control Techniques
Control Design: Preventive and detective controls, Computer-dependent control, Audit trails, User Controls (Control balancing, Manual follow up)
Non-computer-dependent (user) controls: Error identification controls, Error investigation controls, Error correction controls, Processing recovery controls
(c)Controls over system selection, acquisition/development
Standards and controls applicable to IS development projects
Developed / acquired systems
Vendor evaluation
Structured analysis and design
Role of IS Auditor in System acquisition/selection
(d)Controls over system implementation
Acceptance testing methodologies
System conversion methodologies
Post implement review
Monitoring, use and measurement
(e)Control over System and program changes
Change management controls
Authorization controls
Documentation controls
Testing and quality controls
Custody, copyright and warranties
Role of IS Auditor in Change Management
(f)Control over Data integrity, privacy and security
Classification of information
Logical access controls
Physical access controls
Environmental controls
Security concepts and techniques – Cryptosystems, Data Encryption Standards (DES), Public Key Cryptography & Firewalls
Data security and public networks
Monitoring and surveillance techniques
Data Privacy
Unauthorised intrusion, hacking, virus control
Role of IS Auditor in Access Control
4.Audit Tests of General and Automated Controls
(a)Introduction to basics of testing (reasons for testing);
(b)Various levels/types of testing such as: (i) Performance testing, (ii) Parallel testing, (iii) Concurrent Audit modules/Embedded audit modules, etc.
5.Risk assessment methodologies and applications:
(a) Meaning of Vulnerabilities, Threats, Risks, Controls, (b) Fraud, error, vandalism, excessive costs, competitive disadvantage, business, interruption, social costs, statutory sanctions, etc. (c) RiskAssessment and Risk Management, (d) Preventive/detective/corrective strategies
6.Transfer pricing
(a) Fundamentals of BCP/DRP, (b) Threat and risk management, (c) Software and data backup techniques, (d) Alternative processing facility arrangements,(e) Disaster recovery procedural plan, (f) Integration with departmental plans, testing and documentation, (g) Insurance
7.An over view of Enterprise Resource Planning (ERP)
8.Information Systems Auditing Standards, guidelines, best practices (BS7799, HIPPA, CMM etc.)
9.Drafting of IS Security Policy, Audit Policy, IS Audit Reporting – a practical perspective
10.Information Technology Act, 2000

CA Final syllabus

CA Final subjects Paper 7 : Direct Tax Laws

Level of Knowledge :

Advanced knowledge.

Objectives:

(a)To gain advanced knowledge of the provisions of direct tax laws,
(b)To acquire the ability to apply the knowledge of the provisions of direct tax laws to various situations in actual practice.

Contents:

I.The Income-tax Act, 1961 and Rules thereunder (90 marks)
II.The Wealth-tax Act, 1957 and Rules thereunder (10 marks)
While covering the direct tax laws, students should familiarise themselves with considerations relevant to tax management. These may include tax considerations with regard to specific management decisions, foreign collaboration agreements, international taxation, amalgamations, tax incentives, personnel compensation plans, inter-relationship of taxation and accounting, with special reference to relevant accounting standards and other precautions to be observed to maximise tax relief. Further, they should have a basic understanding about the ethical considerations in tax management and compliance with taxation laws.

CA Final syllabus

CA Final subjects Paper 8 : Indirect Tax Laws

Level of Knowledge :

Advanced knowledge.

Objectives:

(a)To gain expert knowledge of the principles of the laws relating to central excise customs and service tax,
(b)To acquire the ability to apply the knowledge of the provisions of the above-mentioned laws to various situations in actual practice.

Contents:

Section A: Central Excise (40 marks)
Central Excise Act, 1944 and the related Rules, Circulars and Notifications; Central Excise Tariff Act, 1985 and the related Rules.
Section B: Service tax & VAT (40 marks)
Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time and the related Rules, Circulars and Notifications.
Issues related to Value Added Tax:

1.Backdrop for State-Level VAT in India
2.Taxonomy of VAT
3.Input tax credit, tax invoices
4.Small dealers and composition scheme
5.VAT procedures
6.VAT in relation to incentive schemes, works contract, lease transactions and hire purchase transactions.
7.VAT and Central Sales Tax
Section C: Customs (20 marks)
Customs Act, 1962 and the related Rules, Circulars and Notifications; Customs Tariff Act, 1975 and the related Rules.
While covering the above laws, students should familiarize themselves with the interrelationship of accounting with excise, customs and service tax and also the ethical considerations involved in the compliance of these laws.

CA Final syllabus and subjects for Nov 2017 exam

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