CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams

CA Intermediate study material and amendments applicable for Dec 2021 CA Exams
CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 1 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 2 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 3 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 4

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Details of CA Intermediate study material and amendments applicable for Dec 2021 CA Exams (New Syllabus) is provided below –

CA Intermediate study material and amendments applicable for Dec 2021 CA Exams

Accounting

SM (Module 1, 2 and 3)October 2020 edition of Study Material +
Amendments given in RTP November, 2021
Accounting PronouncementJuly 2019 (Reprint October, 2020)
+ RTP November, 2021

List of Applicable Accounting Standards

AS  1 : Disclosure of Accounting Policies AS  2 : Valuation of Inventories

AS  3 : Cash Flow Statements

CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 5 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 6 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 7 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 8

AS 10 : Property, Plant and Equipment

AS 11 : The Effects of Changes in Foreign Exchange Rates AS 12 : Accounting for Government Grants

AS 13 : Accounting for Investments AS 16 : Borrowing Costs

Applicability of the Companies Act, 2013 and other Legislative Amendments for November, 2021 Examination

The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities up to 30th April, 2021(Refer Note*) will be applicable for November, 2021 Examination.

*NOTE:

CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 9 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 10 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 11 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 12

Non-Applicability of the Amendments to Schedule III to the Companies Act, 2013 : The Central Government made certain amendments in Schedule III to the Companies Act, 2013 (vide Notification dated 24th March, 2021), with effect from 1st day of April, 2021.These amendments to Schedule III are not applicable for November, 2021 Examination.

Non-Applicability of the Announcement relating to Revision in Criteria for Classification of Non- Company Entities for Applicability of Accounting Standards: The Council of the ICAI, at its 400th meeting, held on March 18-19, 2021, revised the criteria relating to applicability of Accounting Standards issued by the ICAI, to Non-company entities. This revision in criteria is not applicable for November, 2021 Examination.

Non-Applicability of Ind AS : The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2015 on 16th February, 2015, for compliance by certain class of companies. These Ind AS do not form part of the syllabus and hence are not applicable.

Corporate and Other Laws

SM Part I and II (Modules 1 & 2)Study material, October, 2020
Amendments given in RTP (November 2021 examination)
Booklet on MCQs and Case Scenarios (December 2020 edition)

The provisions of Companies Act, 2013 along with significant Rules/ Notifications/ Circulars/ Clarification/ Orders issued by the Ministry of Corporate Affairs and the  laws covered under the  Other Laws, as amended by concerned authority, including significant notifications and cir culars issued up to 30th April, 2021 are applicable for November 2021 examination.

(1)(2)(3)
Chapters/ Topics of the syllabusInclusions(Provisions which are included from the corresponding chapter/topic of the syllabus)Exclusions(Provisions which are excludedfrom the corresponding chapter/ topic of the syllabus)
Part I: Company Law
Companies Act, 2013 (Sections1 to 148)The entire content included in  the October 2020 edition of the Study Material (except the exclusions mentioned in corresponding Column 3), is applicable.Also, the Legislative amendments hosted on the website for November 2021 examinations, shall also be relevant for the said examinations(i) Sections 24, 30, 33, 38 & 41 [from chapter 3- Prospectus and Allotment of Securities]
(ii) Sections 44, 45, 60, 65 & 72 [from chapter 4- Share capital and Debentures]
(iii) Section 75 [from chapter 5- Acceptance of deposits by companies]
(iv) Section 81 & 85 [from chapter 6- Registration of Charges]
Also, except the Relevant rules as covered in the October 2020  edition of the Study Material, all other Rules of the Companies Act, 2013 are excluded.
Part II: Other Laws
1. The Indian Contract Act, 1872 (Specific contracts from section 123onwards)Content of this chapter of the Study Material covers the significant provisions of the said Act in a broad manner (not in entirety).The entire content included in  the October 2020 edition of the Study Material and  the  Legislative amendments hosted on the website for November 2021 examinations, shall only be relevant for the said examinations.Questions that involve the reference or questions entirely based on Sections 1 to 122 of the  Indian Contract Act, 1872, may be avoided.
2.The Negotiable Instruments Act, 1881The entire content included in the October 2020 edition of the Study Material (except the exclusions mentioned in corresponding Column 3), is applicable.Following Specific headings in the study material are excluded.
1. Parties to Notes, Bills and Cheques
2. Presentment of Negotiable Instruments
Also, the Legislative amendments hosted on the website for November 2021 examinations, shall also be relevant for the said examinations.1. Payment and Interest
2. Noting and Protest
3.The General Clauses Act, 1897Content of this chapter of the Study Material covers the significant provisions of the said Act in a broad manner (not in entirety).Therefore, the content included in the October 2020 edition of the Study Material and  the  Legislative amendments hosted on the website for November 2021 examinations, shall only be relevant for the said examinations.
4. Interpretation of StatutesContent of this chapter of the Study Material since covers the significant rules and principles of interpretation in a broad manner.  Therefore,  the content of the chapter as included  in the October 2020 edition of the study material shall form the base for November 2021 examination.

Note: October 2020 edition of the Study Material and Booklet on MCQs and of Case Scenarios December 2020 are relevant for November 2021 examinations. The amendments made after the issuance of this Study Material for the period of 1 st of November 2020 to 30th April, 2021– are also relevant for November 2021 examinations. The Relevant Legislative amendments are available on  the BoS Knowledge Portal.

Cost and Management Accounting

SM (Modules 1 and 2)October, 2020
RTP Nov 2021

Taxation

Section A: Income tax Law – SM (Module 1, 2 and 3)October, 2020 Edition of Study Material+ Booklet on MCQs and Case Scenarios [Dec 2020 edition]+ Statutory Update for November, 2021 examination
Section B: Indirect Taxes – SM Module 1 and 2October, 2020 Edition of Study Material read alongwith the Study Guidelines for November, 2021 examination+Booklet on MCQs and Case Scenarios [Dec 2020 Edition]+Statutory Update for November, 2021 examination

CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 1 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 2 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 3 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 4

Section A: Income-tax Law

The provisions of income-tax law, as amended by the Finance Act, 2020, including significant circulars, notifications, press releases issued and legislative amendments made upto 30th April, 2021, are applicable for November, 2021 examination. The relevant assessment year for income-tax is A.Y. 2021-22.

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Note – The October, 2020 edition of the Study Material for Intermediate (New) Paper 4A, based on the provisions of income-tax law, as amended by the Finance Act, 2020, is relevant for November, 2021 examination. The said Study Material is available at  https://www.icai.org/post.html?post_id=16945. The Study Material has  to be read along  with the Statutory Update for November, 2021 examination, webhosted  at the BoS Knowledge Portal. The initial pages of the Study Material available at https://resource.cdn.icai.org/61995bos50392ipmod1.pdf contains the Study Guidelines which specifies  the list of topic-wise exclusions from the scope of syllabus.

Applicability of the GST law

The provisions of the CGST Act, 2017 and the IGST Act, 2017 as amended by the Finance Act, 2020 and the Finance (No. 2) Act, 2019, including significant notifications and circulars issued and other legislative amendments made, up to 30th April, 2021, are applicable for November 2021 examination.

The Study Guidelines given below specify the exclusions from the syllabus for November 2021 examination.

(1)(2)(3)
S.No. in the syllabusTopics of the syllabusExclusions (Provisions which are excluded from the corresponding topic of the syllabus)
2(ii)(c)Charge of tax including reverse chargeCGST Act, 2017Rate of tax prescribed for supply of goods*Rate of tax prescribed for supply of services*Categories of supply of goods, tax on which is payable on reverse charge basis under section 9(3)IGST Act, 2017Rate of tax prescribed for supply of goodsRate of tax prescribed for supply of servicesCategories of supply of goods, tax on which is payable on reverse charge basis under section 5(3)Determination of nature of supply – Inter-State supply; Intra-State supply; Supplies in territorial watersSpecial provision for payment of tax by a supplier of online information and database access or retrieval [OIDAR] services
2(ii)(d)Exemption from taxCGST Act, 2017 & IGST Act, 2017Exemptions for supply of goods
2(iii)Basic concepts of time and value of supplyCGST Act, 2017 & CGST Rules, 2017Provisions relating to change in rate of tax in respect of supply of goods or servicesChapter IV: Determination of Value of Supply [Rules 27-35] of CGST Rules, 2017
2(iv)Input tax creditCGST Act, 2017 read with CGST Rules, 2017Manner of determination of input tax credit in respect of inputs or input services and reversal thereofManner of determination of input tax credit in respect of capital goods and reversal thereof in certain casesInput tax credit provisions in respect of inputs and capital goods sent for job workInput tax credit provisions relating to distribution of credit by Input Service Distributor [ISD]Manner of recovery of credit distributed in excessManner of reversal of credit of additional duty of customs in respect of Gold dore bar
2(viii)ReturnsCGST Act, 2017 read with CGST Rules, 2017Furnishing of GSTR-2, GSTR-1A, GSTR-3Matching, reversal & reclaim of input tax creditMatching, reversal & reclaim of reduction in output tax liability
2(ix)Payment of taxCGST Act, 2017Tax deduction at sourceCollection of tax at source

*Rates specified for computing the tax payable under composition levy are included in the syllabus. Notes:

The syllabus includes select provisions of the CGST Act, 2017 and IGST Act, 2017 and not the entire CGST

Act, 2017 and the IGST Act, 2017. The provisions covered in any topic(s) of the syllabus which are related to or correspond to the topics not covered in the syllabus shall also be excluded.

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In the above table, in respect of the topics of the syllabus specified in column (2) the related exclusion is given in column (3). Where an exclusion has been so specified in any topic of the syllabus, the provisions corresponding to such exclusions, covered in other topic(s) forming part of the syllabus, shall also be excluded. For example, since provisions relating to ISD and tax collection at source are excluded from the topics “Input tax credit” and “Payment of tax including reverse charge” respectively, the provisions relating to

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registration of ISD and person required to collect tax at source and (ii) filing of returns by an ISD and submission of TCS statement by an electronic commerce operator required to collect tax at source are also excluded from the topics “Registration” and “Returns” respectively.

CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 1 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 2 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 3 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 4

October 2020 edition of the Study Material is relevant for May 2021 and November 2021 examinations. The amendments in the GST law made after the issuance of this Study Material – to the extent covered in the Statutory Update for November 2021 examination alone shall be relevant for the said examination. The Statutory Update shall be hosted on the BoS Knowledge Portal.

Though the Statutory Update for November 2021 examination shall provide the precise scope and coverage of the amendments, for the sake of clarity, it may be noted that the amendments made in the various provisions of the GST law for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19) shall not be applicable for November 2021 examinations.

The entire content included in the October 2020 edition of the Study Material (except the exclusions mentioned herein) and the Statutory Update for November 2021 examination shall be relevant for the said examination.

Advanced Accounting

SM (Module 1, 2 and3)October, 2020 edition of Study Material +Amendments given in RTP November, 2021
Accounting PronouncementJuly, 2019 (Reprint October, 2020)

List of Applicable Accounting Standards

AS 4 : Contingencies and Events Occurring After the Balance Sheet Date

AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies AS 7 : Construction Contracts

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AS 9 : Revenue Recognition

AS 14 : Accounting for Amalgamations AS 17 : Segment Reporting

AS 18 : Related Party Disclosures

AS 19 : Leases

AS 20 : Earnings Per Share

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AS 22: Accounting for Taxes on Income AS 24 : Discontinuing Operations

CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 5 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 6 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 7 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 8

AS 26 : Intangible Assets

AS 29 : Provisions, Contingent Liabilities and Contingent Assets.

Applicability of the Companies Act, 2013 and other Legislative Amendments for November, 2021 Examination :

The relevant notified Sections of the Companies Act, 2013 and legislative amendments including  relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities up to 30th April, 2021 (Refer Note*) will be applicable for November, 2021 Examination.

*Note:

Non-Applicability of the Amendments to Schedule III to the Companies Act, 2013 :

The Central Government made certain amendments in Schedule III to the Companies Act, 2013 (vide Notification dated 24th March, 2021), with effect from 1st day of April, 2021.These amendments to Schedule III are not applicable for November, 2021 Examination.

Non-Applicability of Ind AS :

The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2015 on 16th February, 2015, for compliance by certain class of companies. T hese Ind AS do not form part of the syllabus and hence are not applicable.

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Auditing & Assurance

SM – Module 1 and 2October, 2020 + Academic Update
RTP Nov 2021
Auditing PronouncementJuly, 2019

List of topic-wise inclusion in the syllabus

I. List of applicable Engagements and Quality Control Standards on Auditing

S.NoSATitle of Standard on Auditing
1SQC 1Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements
2SA 200Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
3SA 210Agreeing the Terms of Audit Engagements
4SA 220Quality Control for Audit of Financial Statements
5SA 230Audit Documentation
6SA 240The Auditor’s responsibilities Relating to Fraud in an Audit of FinancialStatements
7SA 250Consideration of Laws and Regulations in An Audit of Financial Statements
8SA 299Joint Audit of Financial Statements(Revised)
9SA 300Planning an Audit of Financial Statements
10SA 315Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
11SA 320Materiality in Planning and Performing an Audit
12SA 500Audit Evidence
13SA 501Audit Evidence – Specific Considerations for Selected Items
14SA 505External Confirmations
15SA 510Initial Audit Engagements-Opening Balances
16SA 520Analytical Procedures
17SA 530Audit Sampling
18SA 550Related Parties
19SA 560Subsequent Events
20SA 570Going Concern (Revised)
21SA 580Written Representations
22SA 610Using the Work of Internal Auditors (Revised)
23SA 700Forming an Opinion and Reporting on Financial Statements(Revised)
24SA 701Communicating Key Audit Matters in the Independent Auditor’s Report(New)
25SA 705Modifications to the Opinion in the Independent Auditor’s Report (Revised)
26SA 706Emphasis of Matter Paragraphs and Other Matter Paragraphs in theIndependent Auditor’s Report (Revised)
27SA 710Comparative Information – Corresponding Figures and Comparative Financial Statements

II Applicability of the Companies Act, 2013 and other Legislative Amendments

CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 1 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 2 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 3 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 4

The October 2020 Edition of the Study Material on Intermediate Paper 6: Auditing and Assurance [comprising of 2 Modules – Modules 1 – 2] is relevant for November, 2021 Examinations. This is an integrated Study Material cum Practice Manual.

Students are expected to be updated with the notifications, circulars and other legislative amendments made upto 6 months prior to the examination. For instance, for November, 2021 examination, significant notifications and circulars issued upto 30th April, 2021 would be relevant.

The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authority up to 30th April, 2021 (refer note) will be applicable for November, 2021 Examination. It may be  noted  that the significant notifications and circulars issued up to 30th April, 2021, which are not covered in the October 2020 Edition of the Study Material, would be given as Academic Update in the Revision Test Paper for November, 2021 Examination.

NOTE:

Non-Applicability of the Amendments to Schedule III to the Companies Act, 2013 :

The Central Government made certain amendments in Schedule III to the Companies Act, 2013 (vide Notification dated 24th March, 2021), with effect from 1st day of April, 2021.These amendments to Schedule III are not applicable for November, 2021 Examination.

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Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate Affairs is applicable for

November, 2021 Examination.

List of topic-wise exclusion in the syllabus

Statement on Reporting under Section 227(1A) of the Companies Act, 1956 (Section 143(1) of the Companies Act, 2013) excluded.

Following Engagements and Quality Control Standards on Auditing excluded:

(1)(2)(3)
S.NoSAExclusions
1SA 260Communication with Those Charged with Governance (Revised)
2SA 265Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
3SA 330The Auditor’s Responses to Assessed Risks
4SA 402Audit Considerations Relating to an Entity Using a Service Organization
5SA 450Evaluation of Misstatements Identified during the Audits
6SA 540Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
7SA 600Using the Work of Another Auditor
8SA 620Using the Work of an Auditor’s Expert
9SA 720The Auditor’s Responsibilities Relating to Other Information

Following Guidance Notes are excluded:

Guidance Note on Audit of Inventories.

Guidance Note on Audit of Debtors, Loans and Advances.

Guidance Note on Audit of Investments.

Guidance Note on Audit of Cash and Bank Balances.

Guidance Note on Audit of  Liabilities.

Guidance Note on Audit of  Revenue.

CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 9 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 10 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 11 CA Intermediate study material and amendments (with link to download) applicable for Dec 2021 CA Exams 12

Guidance Note on Audit of Expenses.

Guidance Note on Reporting under section 143(3)(f) and (h) of the Companies Act, 2013

EIS SM

Enterprises Information Sys. SMOctober 2020 edition of study material
RTP (Nov 2021 examination)
MCQS and Case Scenario Booklet (December, 2020 edition)
Paper 7B: Strategic Management
Study Material
Booklet on MCQs and Case Scenarios
October, 2020
December 2020

FM Eco

Section A: Financial Management –
SM Module 1 and 2
October, 2020
RTP Nov 2021
Section B: Economics for Fin. SMOctober 2020


Official Link of CA Intermediate study material and amendments applicable for Dec 2021 CA Exams notification can be accessed from below –

https://resource.cdn.icai.org/66405bos53668.pdf

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