Dear Friends,

I have made an application to the ICAI under the Right to Information Act, 2005 to know the amount received by the ICAI by providing certified copies to the students by charging Rs. 500 per subject.

One can see from the below figures, students contributed an amount of Rs. 33 Crores (Thirty Three Crores) lion’s share to the revenue of ICAI in the past 6.5 years only by paying fee for certified copies.

But, With the landmark judgement passed by the supreme court in the case of ICSI Vs. Paras Jain, now CA Students and Members can access certified copies of the Answer sheets at FREE OF COST under the Right to Information Act, 2005. And the same was mentioned by the ICAI in their RTI reply, below is the extract of the same for your reference.

ICSI Vs. Paras Jain Judgment Extract

So, utilize the opportunity given by the law laid down by the supreme court and get your certified copies of the answer sheets under the RTI at free of cost. And I have published an article briefing the RTI process, you may read the same from the below link:

https://taxguru.in/chartered-accountant/get-ca-exam-answer-sheet-copies-rs-2-per-page-rti.html

I have reproduced the figures from the data received under the RTI, you can download the official copy of the ICAI’s reply under the RTI Act, 2005 from the below link

Download Reply by ICAI on RTI related to ICAI Revenue through Certified Copies

Revenue of ICAI through Certified Copies

Year CA Final CA IPCC Total Amount
(in Rs.)
% Change
May 2013 58,16,050 45,88,816 1,04,04,866
Nov 2013 65,97,200 47,63,200 1,13,60,400 ▲9% 
May 2014 1,12,29,910 63,25,677 1,75,55,587 ▲55%
Nov 2014 1,00,06,500 52,69,300 1,52,75,800 ▼13% 
May 2015 1,57,20,100 70,80,450 2,28,00,550 ▲49% 
Nov 2015 1,51,48,500 86,93,525 2,38,42,025 ▲5% 
May 2016 1,77,71,500 88,27,300 2,65,98,800 ▲12% 
Nov 2016 1,86,51,450 91,04,500 2,77,55,950 ▲4% 
May 2017 2,14,42,300 1,41,31,900 3,55,74,200 ▲28%

 

Nov 2017 2,04,60,000 1,30,23,500 3,34,83,500 ▼6% 
May 2018 2,28,91,500 1,62,96,000 3,91,87,500 ▲17% 
Nov 2018 1,93,80,700 1,90,78,000 3,84,58,700 ▼2%

 

May 2019 2,29,53,500 1,32,40,300 3,61,93,800 ▼6% 
Total 20,80,69,210 13,04,22,468 33,84,91,678

*Source: Information received from the ICAI through the RTI Act, 2005

 By- Vinay Reddy

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Qualification: Student - CA/CS/CMA
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Location: Hyderabad, Telangana, IN
Member Since: 11 Jan 2020 | Total Posts: 19
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