Archive for the ‘FINAL’ Category


TIMING OF EXAMINATIONS: 02:00 PM to 05:00 PM (IST) on all days.

Reading time( for Question paper) starts at 1.45 P.M (IST).

Click here to download- Instructions to May 2012 Examinees.
[No. of Pages- 3], {Size- 46.5 KB}, (Format- PDF).

Source: The Institute of Chartered Accountants of India.


IMPORTANT ANNOUNCEMENT

April 11, 2012

Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Delhi, Indore, Mumbai and Kolkatta, some of the candidates have been allotted examinations centres in other zones of the said cities where the accommodation is available. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular zone of the city opted by them.

While inconvenience caused in the matter is deeply regretted, we seek the valuable cooperation from the ICAI students and other stakeholders in the regard.

(G.Somasekhar)
Additional Secretary (Exams)

Source: The Institute of Chartered Accountants of India.


March 12, 2012

Candidates who have applied for May 2012 Chartered Accountants exams are requested to note that admit cards with photographs and signatures of the candidates will be hosted on http://www.icai.nic.in generally 21 days prior to the commencement of the examination. Candidates may print their admit cards from the website, which will be valid for admission to the examination.

For downloading/printing of the admit cards from the website, candidates will be required to enter the following:

  • Student registration number or the bar code on the examination form and
  • Personal Identification Number (PIN) indicated by them in their application form.

Upon printing of admit cards, candidates are advised to verify the name, registration number, centre, medium, Group opted for accuracy.

In case of difficulty in printing of admit cards or any discrepancy in the data on the admit card so printed, candidates are advised to contact the Helpline of the Examination Department immediately, quoting their registration number, bar code number of their examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.

Help Line Telephone numbers: 0120 3054 851, 852, 853 or 835

Fax 0120 3054 841, 843

E-mail:
PCE candidates: pce_examhelpline@icai.in

IPCE candidates: ipce_examhelpline@icai.in

Final candidates: final_examhelpline@icai.in

CPT candidates: cpt_exam@icai.in

Errors if any, reported to the examination dept., in the data on the admit card, printed from the website, will be rectified and a letter by speed post/courier/email indicating the relevant change/correction etc will be sent to the respective candidates. However, such candidates may note that such corrections will not appear in the website.

It is seen that some candidates who submitted their exam forms on-line, did not send a print-out of their online exam forms, with their photographs and signatures duly affixed thereon. Admit cards of such candidates, hosted on the website, will not contain their photographs and signatures.

Such candidates are required to carry a photo identification i.e. voter’s card, driving licence, passport, identity card issued by College etc, failing which they will not be allowed entry into the examination centre. In case they do not have any of the abovementioned photo identity cards, they may get their photos attested by a Chartered Accountant or a Gazetted Officer and carry the same to the examination centre, as proof of their identity.

However, candidates may note that physical admit cards for May 2012 examination will also be sent to the candidates, by post. In case a candidate does not receive the physical admit card by post, for whatsoever reason, they can carry the admit card printed from website, which is also equally valid.

Examination Department

Source: The Institute of Chartered Accountants of India.


Frequency Norms of Audit for Service Tax Assessees

Director General of Audit, New Delhi has prepared Service Tax Audit Manual, 2010.

As per the guidelines, tax payers whose annual service tax payment (including cash and CENVAT) was Rs.3 crore or more in the preceding financial year may be subjected to mandatory audit each year.

It is preferable that Audit of all such Units is done by using Computer Assisted Audit Program (CAAP) techniques.

The frequency of audit for other taxpayers would be as per following norms:-

i. Taxpayers with Service Tax payment above Rs.3 crores (Cash + CENVAT) (MANDATORY UNITS) – to be audited every year.

ii. Taxpayers with Service Tax payment between Rs.1 crore and Rs.3 crores (Cash + CENVAT) – to be audited once every two years.

iii. Taxpayers with Service Tax payment between Rs.25 lakhs and Rs.1 crore (Cash + CENVAT) – to be audited once every five years.

iv. Taxpayers with Service Tax payment upto Rs.25 lakhs (Cash + CENVAT) – 2% of taxpayers to be audited every year.

The Audit selection guidelines, therefore, would apply to the non-mandatory taxpayers, forming part of the discretionary workload.  These taxpayers should be selected on the basis of assessment of the risk potential to revenue.  This process, which is an essential feature of audit selection, is known as Risk Assessment.  It involves the ranking of taxpayers according to a quantitative indicator of risk known as a “risk parameter”.  It is also suggested that the taxpayers whose returns were selected for detailed scrutiny, may not be taken up for Audit that year, to avoid duplication of work.  Similarly, the taxpayers who have been selected for Audit, may not be taken up for detailed scrutiny of their ST-3 Returns during that year.

The Service Tax Audit Manual, 2010 is in the process of finalization and publication by D.G. Audit, New Delhi. In the circumstances, till the same is published, the existing instructions on audit shall continue.

Source: http://www.servicetax.gov.in


25th January 2012

Candidates of November 2011 CA examinations Final, IPCE and PCE can submit their application for verification of answer books and also make payment of verification fees, on-line at http://icaiexam.icai.org.

This facility will be in addition to the existing option for submission of application for verification of answer books, physically by Speed/Registered Post, along with a demand draft.

They can log on to the above mentioned site and click on the “Verification” tab for submitting a verification application.

Verification fees will be the same, in both the modes of submission, i.e physical or on-line.

The on-line window for submission of verification application will be open for a period of one month from the date of declaration of results.

Candidates can visit the Frequently Asked Questions (FAQs) section of www.icai.org for more details.

Examination Department

Source: The Institute of Chartered Accountants of India.