CA Inter Paper 4 study guide
CA Inter Paper 4 · Work through your exam, one topic at a time.
CA Inter Paper 4 is the taxation paper of the Chartered Accountancy Intermediate level, delivered by ICAI, the Institute of Chartered Accountants of India. The paper is split into two equal halves: Part I covers Income-tax Law and Part II covers Goods and Services Tax, and each half carries roughly half the paper's marks. The syllabus is aimed at candidates who have cleared the CA Foundation or entered through the Direct Entry route and are now building the technical base they will need in the CA Final taxation papers and in practice. You are expected to command the charging provisions, residential status, heads of income, deductions, computation of total income and tax liability, assessment procedure, appeals and penalties on the income-tax side, and the GST levy, supply, place of supply, time of supply, valuation, input tax credit, registration, returns and refunds on the indirect-tax side. Topics on this exam: Paper 4 - Part I: Income-tax Law and Paper 4 - Part II: Goods and Services Tax. The CA Inter Paper 4 study guide has 2 sections and about 854 words.
01Income-tax Law: Residential Status, Computation and Procedure
Paper 4 Part I tests the Income-tax Act, 1961 as applied to individuals and other assessees: residential status, computation under the five heads, Chapter VI-A deductions, rates and rebate, TDS/TCS, and procedural compliance. The exam favours computation with reasoning on classification. An individual is resident if in India at least 182 days in the previous year, or at least 60 days in the previous year and 365 days in the four preceding years. The 60-day limb becomes 120 days for an Indian citizen or PIO visiting India whose Indian income exceeds ₹15 lakh and who is not liable to tax elsewhere.
418 words, about 2 min02Goods and Services Tax: Registration, ITC and Compliance
Part II examines the CGST Act, 2017 read with IGST and compensation cess: levy and collection, supply, exemptions, registration, time and place of supply, input tax credit, invoicing, returns and payment. Questions typically combine classification, ITC eligibility and procedural dates. Threshold is ₹40 lakh aggregate turnover for goods (₹20 lakh in special category states) and ₹20 lakh for services (₹10 lakh). Application is due within 30 days of becoming liable; casual and non-resident taxable persons apply at least 5 days before commencement.
436 words, about 2 min