Wednesday 15 March 2017

Indirect Tax Amendments for IPCC May 2017

The Taxation paper of IPCC comprises of two parts - direct tax and indirect tax. Both sections are of 50 marks. However, there is no segregation in their questions. This means that the question paper contains mixed questions from both DT and IDT.

There have been some amendments in Indirect Taxation for CA IPCC. The latest amendments are asked by ICAI in every attempt. For a subject like Tax it is important to be updated with the relevant amendments.

In one of my previous post, I provided Direct Tax Amendment Notes for IPCC May 2017. Be sure to check that link out too.

In this post, I am giving you the notes on IDT Amendments applicable for May 2017 attempt. These notes have been compiled by CA. Vinesh R. Savla. He has covered the supplementary paper by ICAI and the latest RTP in the PDF file.

The broad index of the topics are as follows:
  1. Basic Concepts of Indirect Taxes
  2. Basic Concepts of Service Tax
  3. Point of Taxation
  4. Valuation of Taxable Service
  5. Exemptions and Abatements
  6. Service Tax Procedures
  7. CENVAT Credit
To download the notes, please click on the link dropped down below:


I hope that you can easily cover the amended portion using the above provided file. Please share this post with as many of your friends as possible.

Saturday 11 March 2017

AS 10 PPE Handwritten Notes for IPCC & Final

The old AS 6 - 'Depreciation' and AS 10 - 'Fixed Assets' has been scrapped and replaced with all new AS 10 - Property, Plant and Equipment.

The Revised AS 10 is applicable for May 2017 attempt.

I am providing you handwritten notes on AS 10 - PPE. These notes have been written by Rajavardhan. A. He has wonderfully represented AS 10 in a short and concise manner. He has also used pictorial representations which will definitely help the students.

I personally find these notes provided by him extremely beneficial.

The link to his file in PDF, has been provided below:

Download AS 10 (Revised) Handwritten Notes

I hope the above file will help you in understanding the all new Accounting Standard. Do share this file with your friends.

Thursday 9 March 2017

Amendments in Income Tax for IPCC May 2017

The Finance Act applicable for your attempt is Finance Act, 2016. So you need to be updated with the amendments which have been made in Income Tax due to the FA, 2016. These become important for May 2017 IPCC Tax Paper.

The Direct Tax portion of the paper comprises of 50 marks. The amendments also carry a considerable weightage each attempt. So it is important that you cover these before the exam.

ICAI issues a supplementary covering the relevant amendments. However, it becomes difficult to study from it if you have not studied ICAI's material before.

To help you out in covering the latest amendments, I am provident you notes which cover all the relevant changes in Income Tax for May 2017. These are provided by Aarish Sir.

Download the file from the link that has been given below:

IPCC Income Tax Amendments for May 2017

The above given file will surely help you out in preparing for Paper 4: Taxation.

Place of Provision of Services Rules Summary CA Final

The weightage of SRT in CA Final IDT is of 50 marks. Place of Provision of Services Rules, 2012 is one of the essential topics in Service Tax. Download the summary notes (in one page) for the same:

Place of Provision of Services Rules Summary Download

Sharing is caring. So do share the 1 page PDF of PoPoSR with your friends in CA Final.

Service Tax Memory Codes Notes for IPCC & Final

Service tax comes for 50 marks in the CA Final exams and for around 25-30 marks in CA IPCC. This shows how important service tax is for the IDT paper. It is also considered a make or break portion of Indirect Taxes.

Summary notes are a must for SRT because if done properly, it is one of the most scoring topics in the IDT exam.

To help you score better, I am providing you Mnemonic Notes for Service Tax which will help you to retain the tax law better. These notes are the one of the best resources I have found.

Name of the booklet is 'Service Tax Decoded'. The author of this booklet is CA. Samiksha Jain. She has prepared this file wonderfully using pictorial representations. She has used many interesting memory codes for effective retention.

You may also want to look at short summary notes on declared service and negative list.

It is worth mentioning that these notes are not amended as per Finance Act, 2016 which is applicable for May 2017 examination. Although, it has been amended as per FA, 2015. So majority of the portions can still be revised using these pictorial Service Tax notes.

This file has been primarily made for CA Final. Although, IPCC students can make use of these notes by skipping the irrelevant portions.

To download the PDF Booklet, please click on the link provided under:

Download Service Tax Memory Codes Notes

I hope that this file provided above will serve its purpose very well. Don't forget to share this with your friends.

Wednesday 8 March 2017

Negative List - Sec. 66D Summary for IPCC & Final

Negative List is one of the most important sections of Service Tax. Often students find it kind of difficult to cover it along with Mega Exemption Notification.

To remove such difficulty, I am providing a link of summary notes containing Negative List along with the related Mega Exemptions.

These notes are made by Kaival Shah. He is the same author whose summary on declared service was provided in my previous post.

The 3 page summary is amazing. Kaival has compiled negative list and related mega exemption notification along with abatements wherever applicable.This file will be very beneficial to IPCC and Final students giving exams in May 17.

I am sure that a lot of use can be made out of this compiled summary of section 66D.

The download link for the PDF has been dropped below:


The Indirect Tax (IDT) portion can be quickly revised using the above provided negative list notes.

Tuesday 7 March 2017

Declared Services (Sec. 66E) Summary for CA Final

Download summary notes on declared services. Students who are giving CA final examination in May 2017 are required to have knowledge of Section 66E which deals with declared service.

Around 8 marks in every attempt is from this topic. The summary of this section is provided by Kaival Shah who is a CA Finalist.

Download the PDF file of summary from the link given under. It is of only 1 page.


Help other CA Finalists by sharing the above provided file.

ISCA Quick Revision Notes for CA Final

ISCA is a complete theoretical subject. Hence, it requires constant revisions to retain. To facilitate this I am making available quick revision notes for ISCA.

These notes will prove to be very beneficial for last day revision too. The ISCA revision notes are provided by Nishan Thakkar. He has published ISCA notes for the important chapters. In his notes, he has covered the important topics from exam point of view.

I would suggest the CA Final students to not consider these as a substitute for regular studies. Comprehensive coverage will help you in getting good marks and even an exemption.

In one of my previous posts I have provided a file of Important RTP Questions for ISCA. Ensure that you check that out as well.

CA Final ISCA comprises of 8 Chapters in totality. They are listed below:
  1. CONCEPTS OF GOVERNANCE AND MANAGEMENT OF INFORMATION SYSTEMS
  2. INFORMATION SYSTEMS CONCEPTS
  3. PROTECTION OF INFORMATION SYSTEMS
  4. BUSINESS CONTINUITY PLANNING AND DISASTER RECOVERY PLANNING
  5. ACQUISITION, DEVELOPMENT AND IMPLEMENTATION OF INFORMATION SYSTEMS
  6. AUDITING OF INFORMATION SYSTEMS
  7. INFORMATION TECHNOLOGY REGULATORY ISSUES
  8. EMERGING TECHNOLOGIES
The chapter-wise quick revision notes for ISCA are given below. Click on the download link beside the chapter number or name to download the PDF file for the relevant chapter.

ParticularsDownload Link
Chapter 1Download
Chapter 2Download
Chapter 3Download
Chapter 4Download
Chapter 6Download
Chapter 8Download
IT Governance & GEITDownload
The above provided ISCA revision notes will help you to a great extent in your CA Final preparation.

Monday 6 March 2017

DT Amendment Notes for CA Final May 2017

The amendments which happen in Direct Taxes (DT) carry a lot of weightage in CA Final examination. Around 30 marks in the DT paper is generally from the amendments only. This is the reason that many CA Final Rankers consider them to be of the utmost importance.

So keeping these things in your mind you need to cover the DT amendments well. To help you with this, I am providing you relevant amendment notes. These handwritten notes are provided by CA. Bhanwar Borana. The notes are in presented in a very clear and crisp way.

Relevant tax rates for A.Y. 17-18 and all the amendments applicable for May 2017 attempt has been covered by the author. These notes are colourful and fully illustrative. Bhanwar Sir has also given examples wherever required to help the students.

Must See: Negative List Quick Revision Notes

Download the DT amendments from the link that has been dropped below:

DT Amendment Notes for CA Final May 2017 Download

I hope that the file provided will be very helpful to prepare for the upcoming Direct Tax examination. For more such downloads you can like and follow our Facebook page which is updated regularly.

You may want to see the important RTP questions in ISCA for May 2017 if you are giving Group 2.

Saturday 4 March 2017

List of Amendments in Corporate & Allied Laws May 2017

There have been many amendments in CA Final Corporate and Allied Laws. This is the Paper 4 of CA Final. Sometimes it becomes difficult to keep track of all the amendments that have happened.

To help you with this, a list of amendments is being made available to you. These notes are handwritten by the author. It will will provide you a quick overview of the amendments applicable in Corporate & Allied Laws for May 2017 attempt.

Different sections which have been amended or substituted or notified for the first time are given in form of a nice list. This list has been made by the author based on supplementary material provided by ICAI for CA Final Law Paper.

I am sure that this PDF file will help you a lot.

To download the handwritten notes, click on the link that has been given down below:

Download List of Amendments in Corporate & Allied Laws for May 2017

For CA Final Law preparation, this file will be of huge help to you.

Must Read: Strategy Followed by CA Final Rank Holders

Friday 3 March 2017

ISCA Important RTP Questions Not Covered in PM

The latest Revision Test Papers (RTPs) are already released by ICAI. These are very important to do before every exam.

ISCA RTP for the May 2017 attempt contains some important questions which are not covered in the Practice Manual (PM). It is wise to do these questions as these are new questions. Hence, these will help you in exam preparation.

The author has compiled 8 important questions which are different. The file is of only 2 pages.

The author of these notes has made colourful charts of the important RTP questions. This file will be beneficial for those giving exams in the upcoming May 17 attempt.

To download the PDF file, click on the link that has been given below.

ISCA Important Questions from May 2017 RTP

You must also see the strategy followed by CA Final Rankers to crack the CA Final exams. It will help you in getting guidance. I know this because it helped me personally a lot.

Also, if you liked the content please like our Facebook Page - Notes For CA. You can stay regularly updated with such content by following us on FB.

Wednesday 1 March 2017

Standard Costing Formulas for IPCC & Final

Standard Costing is one of the most important topics in CA IPCC & Final Costing. It is good to have some short revision notes for this chapter.

This chapter contains many formulae, and it becomes important to remember these.

So I am providing you the notes for this chapter. These notes contain the Formulas of Standard Costing. The notes are given in chart form by the author.

The author of this file has also provided some text to remember the formulae. I think it will be very useful for IPCC & Final students.

The charts are colurful and are of only 3 pages. This will ensure quick revision of the formulas of standard costing.

To download the formulas chart in PDF format, click the link given below:

Download Standard Costing Formulas

Please help others by sharing this file.

CA Final Exam Strategy by Rankers

Every CA student wants to know the strategy followed by rank holders to crack CA Final. The reason for this is simple - to know the correct approach towards studies.

In the file which is being provided, many interesting questions were asked from the rankers. The answer to these questions will be very beneficial for every CA Final student. Many of the common queries of a lot of students are answered.

Some of the questions asked from the Rankers were:
  • How to utilize the 3 hours of examination
  • How to cope up with both articleship and studies during CA Final
  • How to get good marks in audit
  • How to attempt Costing and QT paper
  • How to cope up with exam stress
  • How to manage time in Financial Reporting paper
  • How many hours to study for
  • Minimum leave required from Articleship to prepare for CA Finals
  • Preparation Strategy for CA Finals
  • How to prepare the time table for examinations
  • How to present theory and practical papers
Many questions such as above were asked from the rankers. Their advice will definitely help you in formulating a strategy for CA Final.

This file is prepared by CA Mayank Kothari who is as teacher of CA Final SFM. To download the file in PDF format, click the link given below:


Please share this article with your friends and help them as much as possible.