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Ca final may 2014 query

Ritzz (CA Final - Article ) (365 Points)

08 August 2013

Hi Friends

My CA Final attempt is due in May 2014. I have the following queries, kindly spare few minutes to resolve the same :

1. I am currently studying LAW from the Module. However as per the advice, I wish to study from Munish Bhandari's Book. But I don't know if I should buy the book now or after few months, as I dont know when will the book for May 2014 will be available. Please guide what should I do?

2. Similarly for DT and IDT, when should I buy the reference books? (applicable for CA Final MAy 2014 attempt)

Regards

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7 Replies

Aman (Finance Professional) (604 Points)
Replied 08 August 2013

I think u should purchae immediately.....for better preparation... the amendments can be incorporated further also....

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Sathish M (Management Accountant) (40581 Points)
Replied 08 August 2013

Answer to your 1st Query

One is not sure whether the Rajya Sabha will pass the Companies Bill 2012 in the current monsoon session of the Parliament. If it does then you may have to wait for ICAI's Notification regarding its applicability and purchase the book accordingly.

However, if the Parliament were unable to pass the Bill in this session, then everyone would be keenly watching again for the winter session of the Parliament. If in case it gets pushed for the winter session, you can safely bet that it is most unlikely that the Companies Bill 2012 will be made applicable for May 2014 Examination.

I suggest you to continue studying from the existing material for the time being and at the mean time watch out for ICAI’s Notification on the same.

Answer to your 2nd Query

Usually the books in DT and IDT for May 2014 attempt are available in the market by end of December 2013 or by Early January 2014. At the meantime, you can cover the Wealth Tax portion (10 Marks question asked in the examination) and also buy the ICAI's Supplementary material of Amendments in DT and IDT which is available at the sales counter at a branch / chapter near you. Also, keep yourself in touch with the subject from the ICAI's study material to get yourself familiarized with the topics / syllabus.

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ashisha (Practising CA) (261 Points)
Replied 08 August 2013

Since the companies bill 2012 has been passed and sent for presidential assent we should wait for law prep. Until then, the allied laws can be prepared from module itself.

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Ritzz (CA Final - Article ) (365 Points)
Replied 08 August 2013

Thanks for the replies friends! :)

Sathish M (Management Accountant) (40581 Points)
Replied 08 August 2013

As the Companies Bill is passed by the Rajya Sabha today and it is only a formality before it becomes an Act on obtaining the President's assent now, it is better to check for ICAI's Notification at any time regarding the Applicability / Non- applicability of the New Companies Act for May 2014 Examination and onwards.

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