income tax

Income Tax and Central Sales Tax:

            To gain knowledge of the basic principles and understanding of the substantive provisions of the Income Tax law and their application in the computation of income of an individual under various heads of income and to gain working knowledge of the basic principles of Central Sales Tax also.

Information Technology

             To develop understanding and appreciation of broad nature and application of information technology.

 Theoretical Education

            For Professional Education Course –II, the requirements of Theoretical Course-II, the requirements of Theoretical Education are similar to those applicable for Professional Education (Course-I).

            Students of this course are covered by Sunday Test/Postal Test Scheme depending upon their place of stay.  Students covered by both Schemes are required:

 i)         answer ten papers, choosing at least one test paper in each of the eight subjects and two additional papers of their choice.

   ii)  the qualifying percentage of marks is 45% for each subjects.

 iii)  to pass Professional Education (Examination-II) within five consecutive

     attempts.

 

PROFESSIONAL EDUCATION (EXAMINATION –II )

 For passing this examination a student

 i)        Can appear either in both groups simultaneously or one group  in one examination and in the other group at any subsequent examination but he has to pass both the groups.

  ii)  Securing at one attempt a minimum of 40% in each paper of the group and 50% in the aggregate of all the papers of that group will be declared  to have passed in one group.

 iii) Similarly declared to have passed in both groups simultaneously if he secures at one sitting, a minimum 40% marks in each paper of each of the group and an aggregate of 50% of all the papers of each of the     groups or a minimum of 40% in each paper of both the groups and 50% in the aggregate of all the papers of both groups taken together.

ACCREDITATION:

             There is a scheme of accreditation of colleges affiliated to recognized Universities and Schools affiliated to CBSE or other equivalent State Boards.  Several Colleges, Schools and other institutions in different parts of the country have been accredited.   Under this Scheme, such institutions organize classes for the benefit of Professional Education (Courses I & II) students.

             Students attending such classes are exempted from answering test papers under the postal tuition Scheme but (i) they have to satisfy the requirements of minimum attendance of 75% of the classes in each subject and (ii) secure a minimum of 45% marks in each subject in the final test conducted by such institutions.

 Medium of Examination:

             Students are allowed to opt for Hindi Medium for answering question papers.  The option is available for all the papers of the examination.  Paper-wise option is not allowed.

 

Registration for Professional Education Course:

            Students of the Professional Education (Course-I) and (Course-II) have to forward their applications in the prescribed form along with the prescribed fee through Demand Draft drawn in favour of The Secretary, Institute of Chartered Accountants of India payable at New Delhi, Mumbai, Kolkata, Chennai, Kanpur as the case may be.  The different offices of the Institute are located in different regions as shown in Annexure-I.

 

Computer Training:

             Students are required to attend and successfully complete at least 250 hours of Computer training prior to the commencement of practical training of three years.  One can undergo such a training along with his Professional Education (Course-I) and/or (Course-II).

 Registration of Articled Clerk

             The Articled Clerk is a trainee attached to a practicing Chartered Accountant.

 

            After passing the Professional Education (Examination-II)  one can register as an ‘Articled Clerk’ for practical training and for admission to the Final Course of the Chartered Accountancy.

 

Eligibility for Articled Clerk:

   A candidate is eligible for admission to articleship  if

 - he is not less than 18 years of age on the date of commencement of articleship.

 - he has passed the Professional Education Examination –II and

 - has successfully completed the computer training programmes as prescribed in the earlier paragraph.

         A candidate who has passed the Foundation Examination (as per the old scheme) is also eligible for registration as an Articled Clerk till 31^st December, 2003.  Such candidates are required to pass Professional Education –II)  during the practical training and are entitled to appear in the Final Examination during last six months of practical training.

         An Articled Clerk who has completed the practical training and passed the Final Examination is also required to attend a Programme on General Management and Communication Skills.