CAG Revenue Audit Examination Syllabus : Comptroller and Auditor General of India

Organisation : Comptroller and Auditor General of India CAG
Recruitment Exam : Revenue Audit Examination
Document Type : Syllabus
Website : https://cag.gov.in/en/examination/examination-books

CAG Revenue Audit Examination Syllabus

The following will be the syllabus and subjects:
a) Basic concepts :
Chapter I – Sections 1, 2 and 3 and
Chapter II – Sections 4, 5, 5A, 6, 7, 8 & 9
Assessment year, Previous year, Person, Assessee, Charge of income-tax, Income, Gross Total Income, Total income and tax liability, Agricultural Income, Difference between exemption and deduction, Definition of Manufacture, Capital Asset, Company, Fair market value, Capital receipts vs Revenue receipts, Capital expenditure vs Revenue Expenditure, Method of accounting, Residential status of Individual & Company, Relation between residential status and incidence of tax, Receipt & Accrual of income, Income deemed to accrue or arise in India

b) Income of Charitable or Religious Trusts and Institutions :
Chapter III – Sections 11, 12, 12A & 13

Income Computation and Disclosure Standards (ICDS) :
ICDS I Accounting Policies
ICDS II Valuation of Inventories
ICDS III Construction contracts
ICDS IV Revenue Recognition
ICDS V Tangible Fixed Assets
ICDS VI Effects of Changes in Foreign Exchange Rates
ICDS VII Government Grants
ICDS VIII Securities
ICDS IX Borrowing Costs
ICDS X Provisions, Contingent Liabilities and Contingent Assets

Profits and gains of business or profession – Principles and Computation :
Chapter IV (D)
Chargeability, General principles governing assessment of business income, Method of accounting, Scheme of deductions and allowances, Depreciation

Capital gains – Principles and Computation :
Chapter IV (E)
Meaning of capital asset, Transfer of capital asset, Computation of capital gain, Full value of consideration, Expenditure on transfer, Cost of acquisition, Cost of improvement, indexed cost of acquisition and indexed cost of improvement, Problems on computation of Long Term Capital Gains (LTCG) Tax

Income from other sources :
Chapter IV (F)
Dividend, Interest on securities

Set-off and Carry forward of losses :
Chapter VI – Sections 70 to 80

International Taxation :
Chapter IX – Sections 90, 90A & 91
Double Taxation Relief
Chapter X – Sections 92 to 92CD and 92F
Transfer Pricing & Other Anti-Avoidance Measures
Definitions of certain terms relevant to computation of arm’s length price, etc.
Chapter XII-A
Special Provisions relating to certain incomes of Non-Residents

Special Provisions relating to certain companies :
Chapter XII B
Concepts of Minimum alternate Tax (MAT) and MAT credit, etc.

Pattern of Revenue Audit Examination

** There will be only two papers as mentioned below
Paper 1 – RAE 1 Income Tax (common for all candidates) 100 marks
Paper 2 – RAE 2 Goods and Services Tax and Branch Specific Revenues 100 marks
– Section I Goods and Services Tax 40%
– Section II Branch Specific Revenues 60%

** Income Tax (RAE I) paper will be common for all braches, as under existing pattern.
** Section I of RAE 2 Goods & Services Tax will also be common for all branches.
** Section II Branch Specific Revenues of RAE 2 for each separate branch of audit.

Revised pattern and syllabus of Revenue Audit Examination :
** There will be only two papers as mentioned below
Paper 1 – RAE 1 Income Tax (common for all candidates) 100 marks
Paper 2 – RAE 2 Goods and Services Tax and Branch Specific Revenues 100 marks
– Section I Goods and Services Tax 40%
– Section II Branch Specific Revenues 60%
** Income Tax (RAE I) paper will be common for all braches, as under existing pattern.
** Section I of RAE 2 Goods & Services Tax will also be common for all branches.

** Section II Branch Specific Revenues of RAE 2 for each separate branch of audit, as given below
Name of the Section | Title of Section | Branches of audit to which applicable
Section II A Central and State Revenues Audit For candidates from all Commercial Audit offices and all Civil Audit offices
Section II B Railway Revenues Audit For all candidates from Railway Audit Offices
Section II C Post and Telecommunications Revenues Audit For all candidates from P&T Audit Offices
Section II D Defence Revenues Audit For all candidates from Defence Audit Offices

Download Syllabus

Syllabus for Revenue Audit Examination – http://www.syllabus.gen.in/uploads/pdf2024/3576-s.pdf