Skip to main content

Chartered Accountant Course Procedure in India

The Indian Chartered Accountancy Course is the ICAI membership qualification course, which is conducted by the Institute of Chartered Accountant of India. If you want to become the member of ICAI then you have to qualify all the exams, which are conducted by the ICAI’s bodies. It consists of three levels of examinations, namely CPT, IPCC & Final and three years of practical training under a practicing Chartered Accountant.
ca course india

If you have passed the senior secondary examination (10+2) and Common Proficiency Test (CPT) and want to make career in Chartered Accountant then you have to qualify the entry level Common Proficiency Test (CPT), which is conducted by an examination body constituted by Low in India. Moreover, even you are a graduate and post graduate in commerce stream and having secured minimum marks of 55% aggregate then you can directly apply for Intermediate Course.
After passing the Common Proficiency Test (CPT), a candidate is eligible for enrollment in any of the levels of the Intermediate (IPC) course.

CPT is the entry-level exam for the Chartered Accountancy Course, after passing the class 10th examination from a recognized state board and central board of India. After that, the student can register with Board of Studies for Common Proficiency Test after appearing in the senior secondary 10+2 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent.

After registration the course, the student is required to complete the course within a specified period (60days) from the date of registration to as on the first day of the month in which the examination is to be held. Where, the student who is graduating or post graduates and secured a minimum mark of 55% aggregate or its equivalent grade in the examination conducted by any recognized University or its equivalent by studying any three papers of 100marks each out of Accounting, Corporate Laws, Taxation (including Direct and Indirect Tax Laws), Auditing, Economics, Business Organization, Business Administration,  Management (including financial management), Coasting and Management Accounting or, those candidate are eligible for second level intermediate (IPC) course on clear the Common Proficiency Test.

A candidates who was already passed Examination-I, those student are eligible for enrolment to IPC course.

Intermediate (Integrated Professional Competence) Course:


This is the final stage of the chartered accountancy in which the working knowledge of allied subject is moist, while during the final course, the student has complete knowledge of core subject during the training of final course. The theoretical education of the Chartered Accountancy is the complimentary and completed during the practical training. After that, the student undergoes three year practical training before they can sit for the final exam is compulsory during the chartered accountant course, in which the students are tested on two groups of four papers each.

Final Exam

- The final exam is held twice every year in the months of May and November. It comprises in two groups. The candidate can appear for that, such as group I and group II.

Eligibility


  • The candidate must have passed the Intermediate/ PE-II/IPCC Examination.
  • The candidate must have obtained Final Course registration number.
  • The candidate must have completed the practical training as required.

The Free Structure of CPT

  • Total Fee of CPT Exam is Rs 6600 Including Prospectus, Registration and Exam fees.
  • Registration Fee- Rs 6000/-
  • CPT Exam Fee- Rs 500/-
  • Cost of CPT Prospectus – RS 100/-

Fees Structure for IPCC :

  • Module I & II fees Rs.18,500/-
  • Module I fees Rs.13,000/-
  • Module II fees Rs.9,000/-

Registration Process:

A student should submit the complete registration form with accurate details of Intermediate Course and send it to the Regional Office in consonance with the address. The student can get the prospectus of all level exams and course from decentralized office and branches of the institution. The student can download the registration form from the institute’s website www.icai.org. On receipt of filled-in form, the centralized office will issue the study material for the intermediate course. Before submitting the application form, the student have ensures for the following document with application form of intermediate course such as
  • Demand Draft or pay receipt towards Intermediate course registration fee.
  • Attested copy of 12th mark sheet or its equivalent central government examination pass mark sheet.
  • Graduate/Post graduate score card for direct entry to Intermediate (IPC) Course.
  • A copy of CPT marks statement, if applicable

Comments

Popular posts from this blog

Why Small Firms Should Consider Gen Payroll Software?

Businesses in this competitive era would be required to manage the payroll. Payroll software has multiple operations such as paying employees, following tax laws, managing employee benefits, filing important documents, and keeping accurate records. Businesses that manage tasks manually or with spreadsheets can result in inappropriate compliance and issues, wasting time in doing operations. Gen Payroll software arrives to manage payroll with accuracy and resolve the issues that come therein. The merits and demerits of Gen Payroll software are mentioned below. Gen Payroll Software Gen Payroll is a payroll management software made by SAG Infotech . It eases and automates the process of payroll. The software’s features are tracking employee attendance, calculating salaries, ensuring compliance with laws like PF (Provident Fund), ESI (Employee State Insurance), and TDS (Tax Deducted at Source), as well as generating payslips. Businesses, whether small or large, can use this software. ...

How ITR Software Assists Individuals in Filing Tax Returns

Every assessee's process of income tax return (ITR) filing is significant, as it contributes to Indian's economy. The Income Tax Department has made efforts to facilitate this approach in recent years, but numerous people still see themselves steering a difficult financial system, multiple tax deductions, miscellaneous exemptions, and changing tax laws. This complexity can turn what must be an easy task into a significant challenge. In this context, income tax software evolves into an important partner, presenting a useful variety of accuracy, efficiency, and reassurance. The software enables return filing that permits taxpayers to handle their financial responsibilities when complying with the law. 1. Accurate Tax Calculations An incorrect income tax calculation of taxes could result in messages from the Income Tax Department or missed refunds. The tax software helps in finding taxable income and tax deductions that you may be allowed, like insurance or home loans. The co...

A List of Top Chartered Accountant Software in India

Here, we introduce Genius as a helpful tax compliance software for chartered accountants in India. As we know, the taxation system is vast, with several taxes levied by the Indian government in the form of income tax, TDS, wealth tax, etc. So, instead of e-filing that many taxes, the need for software arises, which can e-file several taxes at once. SAG Infotech's developer team always gives new updates to the taxation industry. Genius Tax Software It is a complete package with facilities like Gen BAL, Gen IT, Gen CMA, Gen Form Manager, Gen e-TDS and AIR. Also, It provides maintenance aids of the database containing information of clients such as their address and telephone directory, partner’s details and signatory details. With Genius, one can also grow with your business.  Genius is an unlimited tax return filing software for clients in such a way that one can backup, restore data set passwords, etc. While the help option gives a solution for any of your problems. Another fa...