ICAI CA final May 2021 examination which was about to happen in May is now rescheduled to July month. It starts on the 5th of June and ends on the 11th of July for Group – I. For the Group – II students New ICAI CA Date sheet shows that the exam starts on the 13th and ends by the 19th of July. This is for the students appearing for the old syllabus and new syllabus. There is no negative marking in this examination and each paper carries a hundred marks. Old syllabus students and new syllabus students need to write eight subjects. Subjects like international tax, Economics, corporate law, Global financial reporting standards, direct tax and indirect tax are the subjects that require updated knowledge. It is gauged based on the year 2021 to 2022. Let us evaluate the question paper pattern for CA final examination. As students need to understand the pulse of the examiner, as academicians we give a rehearsal about the examination to the students through this blog.
Question paper pattern of 2021 CA exam
Complete the subjects which require less time first and then start the subjects which demand more time. If the preparation strategy is as per the marks and the difficulty level then it becomes easy to score high marks. Objective type questions increase the marks with less effort. So, focusing on multiple-choice questions first is good to score the required marks. Advanced auditing and professional ethics, risk management, financial services and capital markets, international taxation, economic law, global financial reporting standards, multidisciplinary case study, direct tax laws and international taxation exam, and indirect tax law are the papers with MCQ pattern. So, preparing these increase marks but is valued with negative marking.
International tax, economics and indirect tax are the subjects that require knowledge and application of knowledge. Corporate law, Global financial reporting standards, and direct tax are the subject which requires knowledge, application and analysis. Let me check the details of these papers as they require more time for preparation. Transfer price, Indian statutory regime Rule 44g, nonresident taxation, double taxation, e-commerce with Indian scenario and global scenario, Levy, anti-avoidance measures, Action plan 15, and MLI are some of the topics which have amendments. So, it is easy to understand the changes with the help of the old books and new books.
Under Economic law topics added as per the new syllabus are World trade organization, competition act, Real estate act, prevention of money laundering act, insolvency and bankruptcy code, foreign exchange management, and property act. These topics need to be revised with the updated syllabus for the ICAI CA final examination 2021. Under direct tax amalgamations, foreign collaboration agreements, tax management, TDS, TCS, personnel compensation, inter-relationship of taxation, compliances with taxation laws, and tax relief are topics that require more focus. In Global financial reporting standards topis which require focus as per the new syllabus are IFRS, GAAPs, and international financial reporting standards. Under indirect tax topics such as GST, CGST, IGST, penalties, other provisions, revision, recovery, time and value of supply, and input tax credit need to be revised with a new syllabus. The question paper will be based on the new syllabus as the amendments are incorporated with the new syllabus.
Students who want to change the centre for CA foundation, Intermediate and final can apply till June 11th 2021. ICAI exam 2021 CA final is to be held on July 5th. This arrangement is to mitigate the anxiety of the students for the centre based examination. Consistency and continuity are the qualities that bring success to the CA candidates. As the article ship period take students to the practical world it becomes difficult for them to clear CA final examination in the first attempt. Practicing more times provide a serious mind to the student which enhances the focus during CA final examination.