CA Intermediate January 2027

ICAI has not issued the January 2027 requirements notice. The rules below come from the September 2026 notices and ICAI's scheme of education and training, and the January 2027 cut-off dates may differ.

• A paper scored at 60% or more in a failed group is carried forward for the next three sittings.

Source: requirements notice (September 2026); Intermediate guidance notes (September 2026); scheme of education and training

The Intermediate exam has two groups of three papers, 600 marks in all. The details below are from the September 2026 guidance notes; the January 2027 notes are not yet published.

• Format: in every paper, 30 marks are compulsory multiple-choice questions (1 or 2 marks each, four options, no choice) and 70 marks are descriptive. There is no negative marking.
• Timings: 3 hours per paper, 2:00 pm to 5:00 pm IST.
• Groups: a candidate can take Group I, Group II or both at a sitting; the fee differs.
• Passing: at least 40% in each paper and 50% of the group's total at one sitting; a paper scored at 60% or more in a failed group is exempt for the next three sittings.
• Language: answers can be written in English or Hindi; the Hindi option is chosen in the application form and applies group by group.

Source: Intermediate guidance notes (September 2026); Intermediate syllabus

Paper 1: Advanced Accounting (100 marks)

• Formulation of Accounting Standards, including Indian Accounting Standards; framework for preparing and presenting financial statements; applicability of Accounting Standards
• Accounting Standards AS 1 to AS 26 as listed by ICAI, such as cash flow statements, revenue recognition, employee benefits, leases, consolidated statements of single subsidiaries and intangible assets
• Company accounts; accounting for branches, including foreign branches

Paper 2: Corporate and Other Laws (100 marks)

• Company law: preliminary; incorporation; prospectus and allotment of securities; share capital and debentures; deposits; registration of charges; management and administration; dividends; accounts of companies; audit and auditors; companies incorporated outside India
• Other laws: General Clauses Act, 1897; interpretation of statutes; Foreign Exchange Management Act, 1999

Paper 3: Taxation (100 marks)

• Section A, Income-tax Law (50 marks): basic concepts; residential status and scope of total income; heads of income; clubbing, set-off and carry forward of losses; advance tax, TDS and TCS; return filing and self-assessment; computation of total income and tax of an individual
• Section B, GST (50 marks): introduction and constitutional aspects; levy and collection of CGST and IGST; computation of GST liability; registration; tax invoice, credit and debit notes, e-way bill; accounts and records; returns; payment of tax

Paper 4: Cost and Management Accounting (100 marks)

• Overview of cost and management accounting; ascertainment of cost and cost accounting system; methods of costing; cost control and analysis

Paper 5: Auditing and Ethics (100 marks)

• Nature, objective and scope of audit; audit strategy, planning and programme; risk assessment and internal control; audit evidence; audit of items of financial statements
• Audit documentation; completion and review; audit report; audit of different types of entities and of banks; ethics and terms of audit engagements

Paper 6: Financial Management and Strategic Management (100 marks)

• Section A, Financial Management (50 marks): financial analysis; financing decisions and cost of capital; capital investment and dividend decisions; working capital management
• Section B, Strategic Management (50 marks): introduction; strategic analysis of the external and internal environment; strategic choices; strategy implementation and evaluation

Source: ICAI Intermediate course syllabus