CA Inter Amendments For May 2026

Within an environment where laws and regulations are always changing, Chartered Accountancy students need to stay updated with the developments. The ICAI helps students by issuing CA Inter Amendments through Revision Test Papers (RTPs) before each exam. These CA Inter Amendments are directly relevant to the exams.

The CA Inter Amendments are pivotal for the CA students. It helps them to build a strong academic base and be ready for their professional journey as Chartered Accountants. The ICAI ensures that students are aware of the changes. Chartered Accountancy students must focus on these CA Inter amendments for their exams. Also, you can get updated CA Notes for Inter, Final, and Foundation on the CAtestseries.org.

CA Inter Amendments

Amendments are changes made to existing laws, rules, or standards. These changes can be updates or modifications.

In CA Intermediate:

When we talk about amendments, we mean changes made in areas like:

Corporate Laws: For example, changes in the Companies Act rules. These changes are important.
Tax Laws: This includes Income Tax and GST updates that come through the Finance Act.
Accounting Standards.
Auditing Standards.

Amendments help you stay updated. They are crucial for the CA Intermediate exam.

1. Accounting Amendments for May 2026 Exams

Applicable accounting standards
Disclosure of accounting policies.
Valuation of inventories.
Cash flow statements.
Contingencies and events occurring after the balance sheet date.
Net profit or loss for the period, prior period items, and changes in accounting policies.
Property, plant, and equipment.
The effects of changes in foreign exchange rates.
Accounting for investments.
Borrowing costs.
Segment reporting.
Accounting for taxes on income.

Partnership, AS – 4,5,17,20 has been removed from Group 1 and shifted into Group 2, Advanced Accounting. Redemption of debenture will be asked as per the topics of the new study material applicable for the May 2026 exams.

AS - 1,2,3,10,14,14,13, and 16 are only applicable for CA Inter May 2026 Exams.

2. Corporate and other laws Amendments for May 2026

From the Companies Act, various important sections have been removed. Sec 24, 30,33,38 and 41 from chapter 3 of the Companies Act – Prospectus and allotment of securities.

Section 44,45,60,65 and 72 of Share capital and debenture, Chapter – 4

Section 75 from Acceptance of deposits by companies, chapter 5

Sections 81 and 85 of the Registration of Charges, chapter 6

There is only a little exclusion in the Indian Contract Act. Questions based on Sec 1 to 142 will not be asked in exams. But there are certain inclusions that are given in the latest study material of ICAI.

Company law :

Inclusions - The entire syllabus is included in the revised July 2019 edition of the study material and the legislative amendments given in the RTP of May 2020.

Exclusions - Except for the relevant rules as covered in the revised July 2019 edition of the study material and the RTP, all the rules of the Companies Act 2013 are excluded.

Other laws:

Inclusions - The Indian Contract Act, The Negotiable Instruments Act 1881, the General Clauses Act 1897, and the Interpretation of Statutes cover significant provisions extensively. The entire syllabus is included in the revised July 2017 edition.

Exclusion - Questions that involve the reference or arise from sections 1 to 142 of the Indian Contract Act, 1872, may be avoided.

Students should refer to the new study material Available here for the May 2026 exams

3. Taxation A

The provisions of the income tax law, as amended by the Finance Act, 2019, including significant circulars and notifications issued up to 31st October 2019. The relevant assessment year for income tax is A.Y. 2020-21.

CA Inter Taxation – Income Tax Amendments for May 20 26 Exams

RESIDENTIAL STATUS

Note AY 2020-2021 means PY 2019-2020. The month of February will fall in 2020. It is a leap year. We will take 29 days and not 28 days for calculating the number of days in the determination of residential status.

INCOMES DEEMED TO ACCRUE OR ARISE IN INDIA: SECTION 9

Section 9 of the Income Tax Act deals with income that is deemed to have accrued or arisen in India even if it has been earned outside India. This section is very significant in the taxation of non-residents.

A new provision has been added to expand the tax base to include foreign transactions in India.

Section 9(1)(viii) [New Provision]

This section has been added to tax certain gifts received by non-residents from residents, even if they are received outside India.

Particulars	Provision
Nature of Income	Gift covered under section 56(2)(x)
Place of transaction	Paid or given outside India
Applicable date	On or after 5/7/2019
Person giving a gift	Resident
Recipient	Non-resident or foreign company
Tax implication	Deemed to accrue or arise in India

This section ensures that gifts given by residents to non-residents are liable to taxation in India. Students need to understand this concept, as it is often included as part of international taxation questions.

CALCULATION OF TAX LIABILITY

The slab rates have remained the same, but there have been significant changes to the rebate under Section 87A, which affected taxpayers in lower tax brackets.

REBATE UNDER SECTION 87A

This section offers relief to taxpayers by reducing their overall tax liability.

Particulars	May 2019–2020	May 2020–2021
Eligibility	Resident Individual	Resident Individual
Total Income Limit	Up to ₹3,50,000	Up to ₹5,00,000
Rebate Amount	Lower of tax payable or ₹2,500	Lower of tax payable or ₹12,500
Objective	Relief to small taxpayers	Increased tax relief

Note: Imposition of Health and Education Cess shall take place after allowing rebate under Section 87A.

The amendment considerably raised the tax-free income limit. Income up to ₹5,00,000 can be considered tax-free for resident individuals.

INCOME FROM SALARY – STANDARD DEDUCTION u/s 16(ia)

A standard deduction is a flat amount allowed on salary income to ease taxation.

Particulars	AY2019–2020	AY 2020–2021
Deduction Amount	₹40,000 or Gross Salary (whichever is lower)	₹50,000 or Gross Salary (whichever is lower)
Applicability	All salaried taxpayers	All salaried taxpayers

The increase in the standard deduction reduces taxable salary income, hence providing relief to taxpayers.

For more details on amendments, please refer to the official site of ICAI:

4. Taxation B

The provisions of the CGST Act 2017 and IGST Act 2017, including significant circulars and notifications issued up to 31st October 2019.

CA Inter GST Amendments for May 2026 Exams

The table below points out some of the key inclusions and exclusions in the GST syllabus for the May 2026 exams.

(1)	(2)	(3)
S.No. in the syllabus	Topics of the syllabus	Exclusions (Provisions which are excluded from the corresponding topic of the syllabus)
2(ii)(c)	Charge of tax, including reverse charge	CGST Act, 2017 Rate of tax prescribed for the supply of goods* Rate of tax prescribed for supply of services* Categories of supply of goods, tax on which is payable on a reverse charge basis under section 9(3) IGST Act, 2017 The rate of tax prescribed for the sale of goods Rate of tax prescribed for supply services Categories of supply of goods, tax on which is payable on a reverse charge basis under section 5(3) Determination of nature of supply – Inter-State supply; Intra-State supply; Supplies in territorial waters (viii)Special provision for payment of tax by a supplier of online information and database access or retrieval [OIDAR] services
2(ii)(d)	Exemption from tax	CGST Act, 2017 & IGST Act, 2017 (i) Exemptions for the supply of goods
2(iii)	Basic concepts of time and the value of supply	CGST Act, 2017 & CGST Rules, 2017 Provisions relating to a change in the rate of tax in respect of the supply of goods or services Chapter IV: Determination of Value of Supply [Rules 27- 35] of CGST Rules, 2017
2(iv)	Input tax credit	CGST Act, 2017, read with CGST Rules, 2017 Input tax credit provisions in respect of inputs and capital goods sent for job work Input tax credit provisions relating to the distribution of credit by the Input Service Distributor [ISD] Manner of recovery of credit distributed in excess Manner of reversal of credit of additional duty of customs in respect of Gold dore bar Manner of determination of input tax credit in respect of inputs, input services, and capital goods, and reversal thereof in respect of real estate projects
2(viii)	Returns	CGST Act, 2017, read with CGST Rules, 2017 Furnishing of GSTR-2, GSTR-1A, GSTR-3 Matching, reversal & reclaim of input tax credit Matching, reversal & reclaim of reduction in output tax liability
2(ix)	Payment of tax	CGST Act, 2017 Tax deduction at source Collection of tax at source

*Rates specified for computing the tax payable under composition levy and special rate of tax prescribed under Notification 2/2019 CT (R) dated 07.03.2019 [Effective rate 6% - CGST 3% & SGST 3%] are included in the syllabus.

Notes:

Applicability of the Finance (No. 2) Act, 2019
1. Part: GST – The amendments made by the Finance (No. 2) Act, 2019 in the provisions of the Central Goods and Services Act, 2017 [hereinafter referred to as CGST Act, 2017] and Integrated Goods and Services Tax, 2017 [hereinafter referred to as IGST Act, 2017], to the extent included in the syllabus read with the Study Guidelines, have not become effective till 31.10.2019.

Therefore, the amendments made by the Finance (No. 2) Act, 2019, in the CGST Act, 201, and the IGST Act, 2017 are not applicable for May 2026 examinations. It may be noted that since the rate of tax on goods is specifically excluded from the syllabus, retrospective amendments made in the rate Notification Nos. 2/2017 CT (R) & 2/2017 IT (R) both dated 28.06.2017 are also excluded from the syllabus.

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019, introduced vide Chapter V of the Finance (No. 2) Act, 2019, is not applicable for May 2026 examinations.
The old State of Jammu & Kashmir is not the same anymore. It has been changed into two places. We now have the Union Territory of Jammu and Kashmir and the new Union Territory of Ladakh. This change happened on 31st October 2019. Such reorganisation, to the extent relevant in the context of GST law, shall not be applicable for the May 2026 examination.
The syllabus includes select provisions of the CGST Act, 2017, and the IGST Act, 2017, and not the entire CGST Act, 2017, and the IGST Act, 2017. The provisions covered in any topic(s) of the syllabus that are related to or correspond to the topics not covered in the syllabus shall also be excluded.
In the above table, with respect to the topics of the syllabus specified in column (2), the related exclusion is given in column (3). Where an exclusion has been so specified in any topic of the syllabus, the provisions corresponding to such exclusions, covered in other topic(s) forming part of the syllabus, shall also be excluded. For example, since provisions relating to ISD and tax collection at urce are excluded from the topics “Input tax credit” and “Payment of tax inc luding reverse charge” respectively, the provisions relating to (i) registration of ISD and person required to collect tax at source and (ii) filing of returns by an ISD and submission of TCS statement by an electronic commerce operator required to collect tax at source are also excluded from the topics “Registration” and “Returns” respectively.
The August 2019 edition of the Study Material is relevant for September 2026 and May 2026 examinations. The amendments in the GST law - made after the issuance of this Study Material - to the extent covered in the Statutory Update for May 2026 examination alone shall be relevant for the said examination. The Statutory Update will be hosted on the BoS Knowledge Portal.
The provisions of the CGST Act, 2017, and the rules issued thereunder, and the IGST Act, 2017, and the rules issued thereunder, to the extent included in the August 2019 edition of the Study Material (except the exclusions mentioned herein) and the Statutory Update for May 2026 examination, shall alone be relevant for the said examination

5. Advanced Accounting Amendments in May 2026 Exams

Construction Contracts.
Revenue recognition.
Accounting for amalgamations.
Related party disclosures.
Leases.
Earnings per share.
Discontinuing operations.
Intangible assets.
Provisions, contingent liabilities, and contingent assets.

Partnership and AS – 4,5,17,20 have been inserted in the CA Inter advanced accounting syllabus for May 2026

AS 4,5,7,9,14,17,18,19,20,22,24,26 and 29 are applicable for May 2026 CA Inter exams

Underwriting, guidance notes, valuation of goodwill, insurance company, and mutual fund are removed from the CA Inter advanced accounting.

6. Auditing and Assurance Amendments for May 2026 Exams

List of applicable statements and standards for the May 2026 examination.
Statement on reporting under section 227(1A) of the Companies Act 1956, section 143 of the Companies Act 2013.
Engagements and quality control standards on auditing for the May 2026 examination.
Guidance note on the audit of inventories.
Guidance note on the audit of debtors, loans, and advances.
Guidance note on the audit of investments.
Guidance note on the audit of cash and bank balances.
Guidance note on audit of liabilities.
Guidance note on the audit of revenue.
Guidance note on reporting under section 143(3) (f) and (h) of the Companies Act 2013.
Applicability of the Companies Act 2013 and other Legislative Amendments for the May 2026 examination.

Check It, Sec 143(3) Audit Report Amendment For May 2026

7. EnterprInformation Systemstem and Strategic Management (EIS-SM) Amendments for May 2026 Exams

Ch - AUTOMATED BUSINESS PROCESS

a) New point added in Risks and Its Management

b) Types of risks – Strategic Risk, Financial Risk, Regulatory Risk, operational risk, Hazard Risk, Residual Risk, and technology risks.

c) Risk management strategies

d) Additional points in the Enterprise Risk Management Framework

Ch - FINANCIAL AND ACCOUNTING SYSTEMS

a) Installed v/s web Applications – this point is to be added under Installed Applications V/s Cloud-based Applications

b) Instead of the Advantages of an ERP system, new points in the Benefits of an ERP System are included.

c) Instead of point - Risk in an ERP Environment & Point - Risk Associated & control required, Risks and Controls in an ERP Environment point is to be added

d) Instead of the explanation to the Point – Controlling Module, the explanation is to be replaced with new points.

e) Production Planning (PP) Module - Material Requirements planning relies on demand and supply elements, with the calculation parameters to calculate the net requirements from the planning run. Is newly added

f) Quality Management Module – additional points like Quality control, Quality improvement, Quality assurance, and quality planning have been included.

g) Plant Maintenance Module - Objectives of Plant Maintenance Module, new points included

h) New points included in the Project system module, Supply chain module, and business intelligence.

Ch - INFORMATION SYSTEMS AND ITS COMPONENTS

Additional points included in Big Data – Benefits of Big Data Processing are as follows:

i) Ability to process Big Data brings in multiple benefits, such as-

- Businesses can utilize outside intelligence while making decisions.

- Access to social data from search engines and sites like Facebook and Twitter is enabling organizations to fine-tune their business strategies.

- Early identification of risk to the product/services, if any

ii) Improved customer service - Traditional customer feedback systems are getting replaced by new systems designed with Big Data technologies. In these new systems, Big Data and natural language processing technologies are being used to read and evaluate consumer responses.

iii) Better operational efficiency - Integration of Big Data technologies and data warehouse helps an organization to offload infrequently accessed data, leading to better operational efficiency.

Ch - E-COMMERCE, M-COMMERCE AND EMERGING TECHNOLOGY

Additional points included in the introduction to e-commerce and its application

Ch - CORE BANKING SYSTEM

Additional points included in the Key modules of CBS, Risks associated with CBS, Prevention of Money Laundering Act, Information Technology Act, Section 43: Penalty and compensation for damage to computer, computer system, etc., and Section 43A: Compensation for failure to protect data. The relevant notified Sections of the Companies Act 2013, and legislative amendments, including relevant notifications/ circulars/ rules/ guidelines issued by the regulating authority up to 31st October 2018, will be applicable for the May 2026 examination. It may be noted that significant notifications and circulars issued between 01.05.2017 and 31.10.2018, which are not covered in the July 2017 edition of the study material, would be given as a statutory update in the revision test paper for the May 2026 examination.

How important are amendments in the CA Exams?

One should never even ask this question. Amendments are very important for the CA exams. A good chunk of marks can be achieved by preparing the amendments. With the onset of multiple-choice questions, the amendments become all the more important. In CA exams, it is very important to be detail-oriented. If you have not studied thoroughly, then you might be tricked by the questions, especially in the theory subjects like law.

Preparing for CA Inter is not a cup of tea for everyone. But if you have made up your mind that you want to do it, add that CA prefix to your name. Focus on your goal and stay determined. Practice as much as you can with the CA mock test series. Never try skipping any topic from the syllabus, thinking it is not that important or it might not appear in the examination, because these competitive exams are so unpredictable. You never know what question they might ask with what logic.

Related:

FAQs

What are the CA Inter changes for May 2026?

CA Inter changes are the updates in laws, tax rules, and syllabus. These changes are issued by ICAI before each exam. For May 2026, the changes mainly affect Taxation and Law subjects. Students must study the updated provisions.

Which subjects have changes in May 2026?

The biggest changes are in: Corporate & Other Laws, and Taxation (Income Tax + GST). There are some updates in FM & SM, and other subjects like Accounts and Audit also have changes.

Do these modifications alter the syllabus framework in the CA Inter?

The updated plan has decreased the total number of papers from 8 to 6. This simplifies the preparation for the CA Inter exams as you need to concentrate on the papers.

Will modifications influence exam difficulty?

Indeed, they will. Just a bit. If you do not get ready for the alterations, the documents can become complicated. If you adequately prepare for the GST changes, the paperwork will be simple. The ICAI frequently examines the changes in the tests.

Do these changes apply to both groups?

Indeed, the alterations primarily impact both groups. Whether you belong to Group 1, focused on Law and Taxation, or Group 2 dealing with FM/SM updates, it is essential to get ready for the changes.

Do these changes also impact MCQs?

Indeed, the changes also influence the selection questions. The multiple-choice questions might. They might directly assess the regulations.

Do the amendments apply to all attempts in 2026?

Indeed, the amendments are relevant for the entire year. The syllabus for the CA Inter exams will stay unchanged for the January, May, and September 2026 exams unless the ICAI chooses to modify it.

Which subject needs focus for changes?

The top priority is Taxation (Income Tax + GST) and Corporate & Other Laws. These subjects carry a change in weightage.

General FAQs

Q: How can I prepare for CA Inter law?

A: Law is basically all about interpretation. You cannot mug up the answers. Remember and understand sections and provisions. Solve more and more case studies. Write papers. Study material + Practice Manual - always remember, for any subject, SM and PM should be referred at least once. Past exam papers - solve past exam papers, RTPs and MTPs

Q: What is the weightage of CA inter Amendments in May 20 Exams?

A: Amendments cover around 12 to 18 marks in exams like taxation. Student must give specific focus to amendments

Q: How many papers are there in CA Inter?

A: Despite the fact that with the presentation of a new subject there will be 8 papers according to the modified schedule.The 8 papers are partitioned into two gatherings each comprising of 4 subjects

Q: Is CA Intermediate really tough?

A: CA course is abstruse as the syllabus is hefty. Clearing all the levels of CA needs average intelligence fused with plenty of hard work. CA is not difficult because of low passing %; it becomes tough because ambitious get stuck in the later stage of CA.

Q: What is the syllabus of CA Intermediate?

A: You can check the updated syllabus from this link- https://www.icai.org/post.html?post_id=13634

Q: Is CA tough for an average student?

A: As CA is a Professional course and so itâ€™s a highly demanding occupation choice. Its nothing like that the course is too rigid for the average students. Even an average student can complete the CA course and make a career in CA. You need to study hard for clearing the CA course

Q: What is direct entry in CA?

A: Direct Entry Route refers to a direct entry in the Chartered Accountancy course without appearing for the entrance level tests i.e. CA Foundation. 1st Aug 2012 according to which students can directly enroll themselves for the CA Intermediate Course if they have been graduated from B.com

Q: Is it better to do CA after B.COM?

A: C.A. (Chartered Accountancy) is a very good PG (Post Graduation) course to pursue after B.com. In fact, you can start the initial levels of C.A while doing your B.com, thereby saving some years after graduation. Overall, it takes around 5 years to complete your C.A course (all 3 stages: Competency Professional Test (CPT), Professional Competency Course (PCC) and Final Course) in first attempt. Once you become a C.A., you can gain exposure for around 2 years at a C.A. firm and then you have the option of starting your independent practice.

Q: How many attempts are allowed for CA final?

A: Initial registration for Final Course is valid for 5 years. That means 10 attempts (yearly two). After 5 years you should re-validate it for another 5 years. Fee for re-validation is Rs. 500/- for each re-validation. Each Re-validation shall be valid for 5 years.