CMA Intermediate
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1Chapter 1 – Basic Concepts
In this lecture, we cover Income Tax – Chapter 1: Basic Concepts of Taxation, which is one of the most important and scoring chapters for students of:
✔️ CA Intermediate
✔️ CMA Intermediate
✔️ CS Executive
✔️ B.Com
This session is designed to build your strong foundation in Income Taxation for upcoming exams.
📚 Topics Covered in this Lecture: • Introduction to Income Tax • Scope of Total Income
• Previous Year & Assessment Year
• Residential Status
• Assessee
• Person
• Income
• Gross Total Income
• Key Definitions & Practical Examples
This class will help you understand the basic framework of taxation, which is essential for further chapters in Income Tax.
🎯 Perfect for: CA Inter | CMA Inter | CS Executive | B.Com Students
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2Chapter-2 Residential Status and scope of total income
Residential Status
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3chapter -3 Agricultural Income
Agricultural Income
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4chapter- 4 Income, Which Do Not Form Part Of Total Income
Income, Which Do Not Form Part Of Total Income
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5Chapter 2 Heads of Income [ salaries]
Income from Salaries
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6Chapter-3 salary [ part -1 ]
📘 INCOME TAX – CHAPTER 3: HEADS OF INCOME Unit 1: Salaries | CA Intermediate & CMA Intermediate | Part 1 Welcome to this detailed lecture on Chapter 3 – Heads of Income, focusing on Unit 1: Salaries for CA Intermediate and CMA Intermediate students.
In this class, we will cover:
✔ Meaning and scope of Salary under the Income Tax Act
✔ Basis of Charge (Section 15)
✔ Components of Salary (Section 17)
✔ Allowances – Taxable & Exempt
✔ Perquisites – Meaning and Valuation Basics
✔ Provident Funds – Types and Tax Treatment (Introduction)
✔ Important exam-oriented concepts and practical adjustments
This session is specially designed for Regular Batch students with a clear, structured, and conceptual approach along with practical examples for better exam performance.
🎯 Focus: Concept clarity + Exam-oriented preparation
📌 Applicable for: CA Intermediate & CMA Intermediate
📚 Part 1 – Foundation concepts of Salary
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7Chapter-3 salary [ Part - 2]
In this session, Prof. Raj Kumar covers the important Income Tax Chapter – Heads of Income: Salary for CA Intermediate and CMA Intermediate students.
This video is a part of the Regular Batch – Part 2, specially designed to help students understand salary income concepts in a simple and practical manner for upcoming exams.
📚 Covered in this Lecture:
• Income from Salary Concept
• Allowances
• Perquisites
• Profit in Lieu of Salary
• Salary Deductions
• Exam Oriented Questions
This lecture will help you build strong conceptual clarity for both CA Inter and CMA Inter Income Tax Syllabus.
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8Chapter-3 salary [ Part -3 ]
In this session, Prof. Raj Kumar covers the important Income Tax Chapter – Heads of Income: Salary for CA Intermediate and CMA Intermediate students.
This video is a part of the Regular Batch – Part 2, specially designed to help students understand salary income concepts in a simple and practical manner for upcoming exams.
📚 Covered in this Lecture:
• Income from Salary Concept
• Allowances
• Perquisites
• Profit in Lieu of Salary
• Salary Deductions
• Exam Oriented Questions
This lecture will help you build strong conceptual clarity for both CA Inter and CMA Inter Income Tax Syllabus.
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9Income from House Property
Income from House Property
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10Profits and Gains from Business or Profession
Profits and Gains from Business or Profession
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11Capital Gains
Capital Gains
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12Income from Other Sources
Income from Other Sources
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13Chapter 3 Total Income and Tax Liability of Individuals & HUF
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14Clubbing of Income
Clubbing of Income
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15Set-Off or Carry Forward of Losses
Set-Off or Carry Forward of Losses
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16Deductions, Rebate, and Reliefs
Deductions, Rebate, and Reliefs
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17Advance Tax, TDS and TCS
Advance Tax, TDS and TCS
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18Return and PAN
Return and PAN
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19Provision for Filing of Return of Income and Self-Assessment
Provision for Filing of Return of Income and Self-Assessment
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20GST in India – An Introduction
GST in India – An Introduction
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21Levy & Collection of tax
Levy & Collection of tax
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22BASIC CONCEPTS OF TIME , PLACE AND VALUE OF SUPPLY
BASIC CONCEPTS OF TIME , PLACE AND VALUE OF SUPPLY
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23Input Tax Credit
Input Tax Credit
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24REGISTRATION
REGISTRATION
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25Tax Invoice, Credit and Debit Notes And E-Way Bill
Tax Invoice, Credit and Debit Notes And E-Way Bill
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26Payment of Tax And Returns
Payment of Tax And Returns
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27Chapter 1 Introduction To Law And Legal System In India
Introduction To Law And Legal System In India
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28Chapter 2 Indian Contracts Act ,1872
Indian Contracts Act ,1872
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29Chapter 3 Sale Of Goods Act , 1930
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30Chapter 4 Negotiable Instruments Act, 1881
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31Chapter 5 Indian Partnership Act, 1932
Chapter 5 Indian Partnership Act, 1932
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32Chapter 6 Limited Liability Partnership Act, 2008
Chapter 6 Limited Liability Partnership Act, 2008
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33Chapter 7 Factories Act, 1948
Chapter 7 Factories Act, 1948
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34Chapter 8 Payment of Gratuity Act, 1972
Payment of Gratuity Act, 1972
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35Chapter 9 Employees Provident Fund and Miscellaneous Provisions Act, 1952
Employees Provident Fund and Miscellaneous Provisions Act, 1952
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36Chapter 10 Employees State Insurance Act, 1948
Chapter 10 Employees State Insurance Act, 1948
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37Chapter 11 The Code on Wages, 2019
The Code on Wages, 2019
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38Chapter 12 Companies Act, 2013
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39Chapter 13 Business Ethics and Emotional Intelligence
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40Chapter- 1 Accounting Fundamentals
Accounting Fundamentals
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41Chapter - 2 Bills of Exchange, Consignment, Joint Venture
Bills of Exchange, Consignment, Joint Venture
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42Chapter 3. PREPARATION OF FINAL ACCOUNTS OF COMMERCIAL ORGANISATION , NOT FOR PROFIT ORGANISATION AND FROM INCOMPLETE RECORDS
PREPARATION OF FINAL ACCOUNTS OF COMMERCIAL ORGANISATION , NOT FOR PROFIT ORGANISATION AND FROM INCOMPLETE RECORDS
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43Chapter 4 Partnership Accounting
Partnership Accounting
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44Chapter - 5 LEASE ACCOUNTING
LEASE ACCOUNTING
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45Chapter - 6 Branch (including Foreign Branch) and Departmental Accounts
Branch (including Foreign Branch) and Departmental Accounts
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46Chapter 7 Insurance Claim for Loss of Stock and Loss of Profit
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47Chapter 8 Hire Purchase and Installment Sale Transactions
Hire Purchase and Installment Sale Transactions
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48Chapter 9 Accounting standards
Chapter 9 Accounting standards
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49Chapter 1 - Introduction to Cost & Management Accounting
In this lecture, we cover Cost Accounting – Chapter 1: Introduction to Cost and Management Accounting, which is one of the most important foundation chapters for:
✔️ CA Intermediate
✔️ CMA Intermediate
This session will help you understand the basic concepts of Cost and Management Accounting in a simple and exam-oriented manner
👨🏫 By Prof. Nitish Saini
📚 Chapter 1 Covers the Following Topics:
• Meaning of Cost Accounting
• Objectives of Cost Accounting
• Scope of Cost Accounting
• Evolution of Cost Accounting
• Cost Accounting vs Management Accounting
• Importance & Applications of Cost Accounting
• Functions of Cost Accountant
🎯 This lecture is useful for:
CA Inter Students
CMA Inter Students
Commerce Background Students
Build your strong conceptual base for upcoming exams with this complete chapter lecture
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50Chapter 2–Material Cost [ part-1]
In this lecture, Prof. Nitish Saini explains Cost Accounting Chapter 2 – Material Cost in a simple and conceptual way for CA Intermediate and CMA Intermediate students. This class is part of our Regular Batch Series designed to build strong conceptual understanding for exams as well as practical application in accounting and costing.
📌 Topics Covered in This Lecture
• Introduction to Material Cost
• Direct Material & Indirect Material
• Purchase Procedure of Materials
• Inventory Control Concepts
• Material Cost Management
• Practical Examples for Exams
This lecture will help students understand important costing concepts which are frequently asked in CA & CMA Intermediate examinations.
🎓 Faculty: Prof. Nitish Saini
📘 Course: Cost Accounting (Group 2)
📍 Chapter: Material Cost
📖 Batch: Regular Batch
▶ Part: 1
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51Chapter 2 – Material Cost [ part-2]
In this lecture, Prof. Nitish Saini explains Cost Accounting Chapter 2 – Material Cost (Part 2) in a simple and conceptual way for CA Intermediate and CMA Intermediate students.
This session is part of our Regular Batch Cost Accounting Series, designed to build strong conceptual clarity and help students perform well in examinations.
📌 Topics Covered in This Lecture
• Material Cost Concepts
• Inventory Control Techniques
• EOQ (Economic Order Quantity)
• Stock Levels (Minimum, Maximum, Reorder Level)
• Material Issue Pricing Methods
• Practical Questions and Exam Approach
This lecture will help students understand important costing concepts that are frequently asked in CA & CMA Intermediate examinations.
👨🏫 Faculty: Prof. Nitish Saini
📘 Course: Cost Accounting (Group 2)
📖 Chapter: Material Cost
🎓 Batch: Regular Batch
▶ Part: 2
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52Chapter 1 (introduction of cost accounting)
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53Chapter - 2 (Material costing )
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54Chapter 3 (labour costing )
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55Chapter 4 (overheads)
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56Chapter 5 (cost sheet)
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57Chapter - 6 (cost accounting system )
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58Chapter 7 (process costing )
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59Chapter 8 (service costing)
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60Chapter 9 (job and batch costing )
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61Chapter 10 (contract costing )
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62Chapter 11 (budgetary costing )
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63Chapter 12 (standard costing )
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64Chapter 13 (marginal costing )
[for every student having registered for the intermediate course on
or after 11th February, 2020]
apply theoretical knowledge of cost and management accounting to
practical situations in various professional fields
▪ Providing practical exposure to the eco-system under which
different organizations operate
▪ Providing on-job experience of practical and contemporary aspects
of cost and management accounting arena
▪ Developing a nd nourishing pool o f employable and future - ready
professionals
▪ Developing disciplined attitude required to grow as a professional
▪ Creating awareness and consciousness on ethical values in the
professional journey
or after 11th February, 2020 shall be required to undergo practical
training for a period of 15 months before the date of declaration of
examination result of both or remaining group of final examination
to the satisfaction of Council in any one or more of the organization(s)
specified in ‘Appendix A’, and in areas as specified in ‘Appendix B’ for
the recognition for training [UDIN is mandatory wherever applicable].
However, a student t o become eligible t o appear i n the final
e x a m i n a t i o n must satisfy the criteria on such cut -off date a s
ma y be specified from time to time. The cut -off date for certification
of Form T -5 shall b e 3 1 set August for appearing i n December e x a m i
n a t i o n w h i c h s h a l l s p e c i f y completion of at least 10 months
of training a s on t hat date .The cut-off date for
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examination which shall specify completion of at least 10 months of
training as on that date.
Course at the Intermediate Level.
(1) Practicing Cost Accountant or
(2) a firm of Cost Accountants or
(3) in any of the following organizations:
i. Central/State Government / Semi-Government / Public Utilities.
ii. Banks/Insurance/ other Financial Institution
iii. Public Sector Undertakings
iv. Universities, Ma na g eme nt Ins titut es a nd a n y o t h e r
r e c o g n i z e d educational institute
v. Co-operative societies and NGOs
vi. If the firm of Chartered Accountants/ Company Secretaries has
separate Management Consultancy Division and if the applicant has
exclusively worked in that division, credence to such service is given on
percentage basis depending on the nature of job related with cost/
management accounting/ financial accounting/ taxation/ MIS or of
similar nature, size of the firm, nature of duties handled by the applicant,
size of the client companies etc.
CA/CS articleship will not be set off/entertained / not be recognized
for CMA Practical Trainingvii. Management Consultant in individual capacity depending on the
size of the firm, nature of duties handled by the applicant related with
cost and management accounting/ financial accounting/ taxation/ MIS or
of similar nature, size of the client companies etc.
viii. Any other organization(s) with a turnover of `25 Lakhs in case
service sector or `50 Lakhs in case of other than service sector.
ix. MSME/ Start-Up organizations
x. Any other organization(s) as approved by the Council
ii. Cost Accounting
iii. Financial Accounting
iv. Financial Management
v. Auditing
vi. Regulatory compliances
vii. Direct Taxation
viii. Indirect taxation
ix. Corporate Laws, Industrial Laws, Commercial Laws
x. Systems Analysis, Information Technology (including ERP system)
xi. Project Management
xii. Banking Operation
xiii. Insurance
xiv. Insolvency & Valuation
xv. Financial Services
xvi. Teaching in Finance, Accounts, Costing, Taxation and Management.
xvii. Management Consultancy Services as defined in appendix 6 under
Regulation 111 of CWA Regulation, 1959.
xviii. Engineering Services involved in production of power or any
manufacturing activities, Project Planning & Management, Quality
Assessment, and Supply Chain Management.
xix. Any other areas approved by the Council.
of the recognized Organizations as given in ‘Appendix A’ and in any
of the recognized areas as given in ‘Appendix B’, can claim exemption from
Practical Training by following the procedures given below:
▪ Submission of Online Form T-3 to Directorate of Training and
Placement of the Institute along with a Payment for `2000/-.
▪ The students whose applications are received and found eligible on or
before 31st May will be eligible to appear for June Examination and
30th November will be eligible to appear for December Examination
respectively.
▪ A student can seek exemption from Practical Training immediately
after joining the Intermediate course, or at any time during the
course of studies subject to dates given above if the student is
otherwise eligible.
Practicing Chartered Accountants/ Company Secretaries are
exempted from the Practical Training Scheme and they will have
to seek exemption after duly following the procedures on payment of
exemption fee as prescribed above.
Organizations as defined in ‘Appendix A’ or Practicing Cost Accountants.
A student after joining an Organization/ Practicing Cost Accountants
has to intimate the Institute within 30 days from the date of joining
about the fact of his/her Training by following the below mentioned
procedures:
a. Online Submission o f Form No. T-1 (with UDIN) i n case o f
PCMA/firm of Cost Accountants.
b. The documents that need to be submitted along with Form T-3 are as
follows:
▪ Scan copy of Experience certificate (stating designation, area of
work & duration), duly signed by the Competent Authority of the
organization in which employed/were employed.
▪ Scan Copy of Audited balance sheet of employers or any other proof
of turnover, wherever required (A letter mentioning the turnover of
the company on the letterhead of the company, signed with seal)
▪ Scan Copy of current salary slip duly attested by employer.
c. Online Submis s io n o f T-4 in case of training with recognized
Organizations as specified in ‘Appendix A’.d. Online Submission of Form T-5 before applying for both or
remaining group in Final Examination.
e. All the forms T-1, T-4, T-5, relating to Practical Training can be
downloaded from the link http://eicmai.org/training-forms-new/
f. In order to help the students. Institute will also maintain database
of organizations and firms interested to impart practical training to
the students, in its website www.icmai.in
Training Scheme is online.
No Offline Forms/Hard Copies related to the Practical Training is
entertained.
The required link for the same is as follows:
https://eicmai.in/Training-forms-new/login.aspx
follows:
▪ Scan copy of Experience certificate (stating designation, area of work
& duration), duly signed by the Competent Authority of the
organization in which employed/were employed.
▪ Scan Copy of Audited balance sheet of employers or any other
proof of turnover, wherever required (A letter mentioning the turnover
of the company on the letterhead of the company, signed
with seal)
for CMA Practical Training.
If the firm of Chartered Accountants/ Company Secretaries has
separate Management Consultancy Division and if the applicant has
exclusively worked in that division, credence to such service is given on
percentage basis depending on the nature of job related with cost/
management accounting/ financial accounting/ taxation/ MIS or of
similar nature, size of the firm, nature of duties handled by the applicant,
size of the client companies etc.
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Management Consultant in individual capacity depending on the size of
the firm, nature of duties handled by the applicant related with cost
and management accounting/ financial accounting/ taxation/ MIS
or of similar nature, size of the client companies etc.
letter mentioning the turnover of the company on the letterhead
of the company, signed with seal) (Any other organization(s) with a
turnover of `25 Lakhs in case service sector or `50 Lakhs in case of
other than service secto
Training@icmai.in.
Practical Training and is the first phase. But, the process is not yet
complete.
Approved means the second phase and the process related to Practical
Training is now complete. You are now eligible to sit for the exams.
Organisations, MNCs, PSUs, Govt. Organisations, Banking, Insurance
Companies and MSME/ Start-Up organizations.
the Institute within 30 Days of such changes with all the relevant
documents i . e . New online Form T-1 (with UDIN)/T-4, experience
certificate from principal or employer along with a fee of ` 1000/-.
In case of change of Principal/Employer, i.e. students serving under
different Principal/Employer, the accumulated period of training shall
include training periods undergone with different Principal/Employers,
including the days of leave availed as per rules but leave availed, if any. Not more than three (3) changes shall be allowed
within a period of fifteen months of training
upload Form T5 in the Practical Training Portal.
http://icmai.in/studentsIbsite/Training_prac_train.php
You should immediately inform the Institute with application for reason
of delay and upload the respective forms.
Training is not applicable on you and you can appear in the final
examination without submitting any form to the institute.
may visit the website of the Institute. The List of Practicing Cost
Accountants are given at:
http://icmai.in/studentsIbsite/Training_cost_account_firm_register.
php and list of Organizations are given at
http://icmai.in/studentsIbsite/Training_org_register.php for imparting
Training you may search these PCMAs/Organizations “City wise” and
approach them with your resume for tying up for Practical Training.
Opportunities are also being uploaded in the Training Portal of the
Institute as and when it arises.
is entitled to, shall be required to undergo Training for a further period
equivalent to the excess leave taken by him.
Only one time Intimation is required for appearing in the examinations
(Form T-5).
No off line mode or e-mail communication is entertained.
No off line mode or e-mail communication is entertained.
We need the audited Balance Sheet figures stating the total revenue or
total sales or total liabilities
with pay per month excluding the normal holidays.
ii. The trainee shall be eligible for 60 days leave without pay for appearing
in the examination of the Institute in the total span of training period.
The trainees availing leave in excess of the period of leave to which
he/she is entitled to shall be required to undergo training for a further
period equivalent to the excess leave taken by him.
hours per week.
▪ Hours spent on any conference, course, seminar organized by the
Institute/Region/Chapter shall be treated as period covered under
training
a) Practicing Cost Accountant (Associate Member) 10
b) Practicing Cost Accountant (Fellow Member) 15
registered for Intermediate Course before 11th February, 2020.
for Intermediate Course before 11th February, 2020 will be continued
till further notification is released on the same.
experience of 3 years to obtain membership of the Institute.
th July 2019, for all practicing Cost &
Management Accountants (CMAs) to generate and obtain UDIN for all
Certificates issued, containing financial information or any other
contents; which are certified by them to be True and Fair.
Unique Document Identification Number (UDIN) is an 18-Digits
system generated unique number for to be entered on every document
certified/attested by Practicing Cost Accountants/CMAs. The concept
of UDIN (Unique Document Identification Number) is implemented to
enable user Authorities and Stakeholders to ensure that the
certification and/or attestation of the Costing Data / documents /
certificates is done by an eligible Practicing Cost Accountant/CMA only.
UDIN secures the certificates attested / certified by practicing CMAs
(in full time practice only).
UDIN Web Portal enables the third parties (Authorities / Regulators /
Banks / Others) to check the authenticity of the documents.
✓ https://eicmai.in/udin/Home.aspx
✓ https://icmai.in/upload/pd/FAQs_UDIN.pdf
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