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CA Intermediate Jan 2027 and May 2027: Applicable Amendments

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CA Intermediate · what changed for your attempt

CA Intermediate January 2027 and May 2027: applicable amendments and notifications

Checked against ICAI's official announcements, as of 12 October 2026. Each item links the official notice; read it before you rely on it.

ICAI's Board of Studies (Academic) announces before each attempt which study material editions apply and publishes paper-wise amendment notes and statutory updates that fix the cut-off date for law changes. These appear on the BoS portal and as PDFs on resource.cdn.icai.org.

At a glance

UpdateTypeApplies to
January 2027 Paper 3A: Income-tax Act, 1961 as amended by Finance Act, 2025 (A.Y. 2026-27)Tax lawJanuary 2027
Study material editions applicable for the January 2027 Intermediate examApplicability noticeJanuary 2027
Small company limits raised to Rs 10 crore capital and Rs 100 crore turnoverCompanies ActJanuary 2027
Company law changes on board report, CSR and fraud reporting for January 2027Companies ActJanuary 2027
Income-tax Act, 2025 replaces the 1961 Act in Paper 3A from May 2027Tax lawMay 2027

Tax law · notice of 9 Oct 2026

January 2027 Paper 3A: Income-tax Act, 1961 as amended by Finance Act, 2025 (A.Y. 2026-27)

For January 2027, Paper 3A is examined under the Income-tax Act, 1961 as amended by the Finance Act, 2025, with A.Y. 2026-27 as the relevant assessment year. The July 2025 study material must be read with ICAI's Statutory Update, which covers changes made up to 30 June 2026: a new salary limit for specified employees and a gross total income limit for the foreign medical perquisite exemption, tax treatment of the Unified Pension Scheme, and relief from higher TDS/TCS where an inoperative PAN is relinked with Aadhaar in time.

What to do: Use the July 2025 study material plus the January 2027 Statutory Update, and solve computational questions for A.Y. 2026-27.

Effective: Applicable for the January 2027 examination · Attempts: January 2027

Chapters affected: Salaries (Taxation); Deductions from Gross Total Income (Taxation); Provisions for filing Return of Income and Self Assessment (Taxation)

Official source: ICAI BoS - Paper 3A Income-tax Law, Statutory Update for January 2027 Examination (PDF)

Applicability notice · notice of 16 Sept 2026

Study material editions applicable for the January 2027 Intermediate exam

ICAI's Board of Studies lists the July 2024 edition (August 2025 reprint and later) plus the January 2027 RTP for Advanced Accounting, Corporate and Other Laws, Cost and Management Accounting, Auditing and Ethics, Financial Management and Strategic Management. Both sections of Paper 3 Taxation use the July 2025 edition together with the January 2027 RTP and Statutory Update.

What to do: Check your book editions against this list before starting revision; for Taxation, add the January 2027 Statutory Update.

Effective: Applicable for the January 2027 examination · Attempts: January 2027

Scope: the whole exam, not one chapter.

Official source: ICAI BoS - BOS Study Material applicable for Foundation and Intermediate Course, January 2027 Exam · ICAI BoS - Study material applicability list, January 2027 (PDF)

Companies Act · notice of 15 Sept 2026

Small company limits raised to Rs 10 crore capital and Rs 100 crore turnover

ICAI's January 2027 amendment note for Paper 2 includes the MCA notification of 1 December 2025 that raises the prescribed limits for a small company. A private company now qualifies if its paid-up capital does not exceed Rs 10 crore and its turnover does not exceed Rs 100 crore, up from Rs 4 crore and Rs 40 crore.

What to do: Update the small company definition in your notes and recheck any practice questions that test whether a company is small.

Effective: Applicable for the January 2027 examination · Attempts: January 2027

Chapters affected: Preliminary (Corporate and Other Laws)

Official source: ICAI BoS - Paper 2 Corporate and Other Laws, Amendments for January 2027 Examinations (PDF)

Companies Act · notice of 15 Sept 2026

Company law changes on board report, CSR and fraud reporting for January 2027

ICAI's Paper 2 amendment note covers MCA changes from 1 May 2025 to 30 June 2026 on top of the July 2024 study material (reprint August 2025). The board report must now give sexual harassment complaint figures and a Maternity Benefit Act compliance statement, AOC forms become e-forms, companies may spend up to 10% of CSR money on zero coupon zero principal instruments of the Social Stock Exchange (also added to Schedule VII), and auditors file fraud reports in e-form ADT-4.

What to do: Read the amendment note alongside the Accounts of Companies and Audit and Auditors chapters; these are typical short-answer and MCQ topics.

Effective: Applicable for the January 2027 examination · Attempts: January 2027

Chapters affected: Accounts of Companies (Corporate and Other Laws); Audit and Auditors (Corporate and Other Laws)

Official source: ICAI BoS - Paper 2 Corporate and Other Laws, Amendments for January 2027 Examinations (PDF)

Tax law · notice of 5 Dec 2025

Income-tax Act, 2025 replaces the 1961 Act in Paper 3A from May 2027

ICAI has decided that Intermediate Paper 3A (Income-tax Law) will be examined under the new Income-tax Act, 2025 from the May 2027 attempt onwards. The new Act received Presidential assent on 21 August 2025 and takes effect from 1 April 2026, so tax year 2026-27 is the first year it governs. Attempts before May 2027 stay on the Income-tax Act, 1961.

What to do: If you are targeting May 2027 or later, study Paper 3A from material based on the Income-tax Act, 2025 (new section numbers and the tax year concept), not the 1961 Act.

Effective: From the May 2027 CA examination onwards (1 Apr 2026) · Attempts: May 2027

Chapters affected: Basic Concepts (Taxation); Residential Status and Scope of Total Income (Taxation); Salaries (Taxation); Income from House Property (Taxation); Profits and Gains of Business or Profession (Taxation); Capital Gains (Taxation); Income from Other Sources (Taxation); Income of Other Persons included in Total Income of Assessee (Taxation); Set-Off or Carry Forward and Set-off of Losses (Taxation); Deductions from Gross Total Income (Taxation); Tax Deduction or Collection at Source and Advance Tax (Taxation); Provisions for filing Return of Income and Self Assessment (Taxation); Income Tax Liability - Computation and Optimisation (Taxation)

Official source: ICAI BoS - Applicability of the Income-tax Act, 2025 from May 2027 CA Exams Onwards · ICAI BoS announcement (PDF, 5 December 2025)

Chapters to revise with these changes in mind

This page lists only items we could verify on ICAI's or the regulator's own website, summarised in our words. If ICAI publishes a newer applicability notice, it overrides this page. Check for new notices: ICAI Board of Studies - BOS announcements.

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