CMA Inter Amendments for December 2026 and June 2027: Paper-wise Supplementary List

The CMA Inter amendments for December 2026 stop at 31 May 2026: ICMAI's clarification of 15 September 2026 sets that cut-off for every Inter paper it names. Paper 7 is on the Finance Act 2025, with GST changes to the same date. Supplementaries exist for Papers 5, 6, 7A and 7B only.

If an amendment came after 31 May 2026, it is not in your December 2026 paper. If it came before and sits in ICMAI's supplementary, it is.

TL;DR

• Cut-off: 31 May 2026 for Papers 5, 6, 7, 8 and 10.
• Paper 7: Finance Act 2025; the 7A supplementary cites the Income-tax Rules, 1962.
• As on 13 November 2026, ICMAI's student circulars page listed no June 2027 clarification and no Income-tax Act, 2025 notice.

Which amendments apply to CMA Inter December 2026?

Paper, what applies, cut-off and December 2026 supplementary (my page count, with cover):

• Paper 5 Business Laws and Ethics: Companies Act and MCA rules; 31 May 2026; 8 pages.
• Paper 6 Financial Accounting: Ind AS comparative provisions; 31 May 2026; 3 pages.
• Paper 7 Direct and Indirect Taxation: Finance Act 2025 and GST; 31 May 2026; 7A 2 pages, 7B 2 pages.
• Paper 8 Cost Accounting: CAS 1 to 24; 31 May 2026; none.
• Paper 10 Corporate Accounting and Auditing: Companies Act, Cost Records Rules, Ind AS; 31 May 2026; none.
• Papers 9, 11 and 12: not named.

Source: ICMAI clarification DoS-Academics/09/2026 and ICMAI's December 2026 supplementary page, Gradehunt page count.

Five of the eight Inter papers carry a 31 May 2026 cut-off; three are not named.

What changed in Paper 7 Direct and Indirect Taxation?

Paper 7 is on Monday 14 December, 2 pm to 5 pm, as our CMA Inter December 2026 time table shows.

Section A, Direct Taxation (50%)

The 7A file has one item: Notification 45/2026 of 30 March 2026 amends Rule 12, so ITR-1 and ITR-4 can now carry two house properties.

The rates are in the June 2026 7A file: section 115BAC slabs from nil up to Rs 4 lakh to 30% above Rs 24 lakh, and a section 87A rebate up to Rs 60,000 for income to Rs 12 lakh (marginal relief to Rs 12,70,587).

Section B, Indirect Taxation (50%)

The 7B file has three items:

• Rule 31D of the CGST Rules (Notifications 19 and 20/2025-Central Tax, 31 December 2025): tobacco and pan masala valued at retail sale price less tax.
• Intermediary services leave section 13(8)(b) of the IGST Act from 30 March 2026, so the default rule in section 13(2) makes the recipient's location the place of supply.
• Compensation cess is not payable on any item after 1 February 2026.

From the June 2026 7B file: section 17(5)(d) reads 'plant and machinery' from 1 July 2017, and the voucher time-of-supply rules went on 1 October 2025.

December adds one direct and three indirect tax items to the June 2026 base.

What is in the Paper 5 and Paper 6 supplementaries?

Paper 5 has 12 Companies Act items (corporate laws are 40% of its syllabus), in ICMAI's order:

• Small company, GSR 880(E), 1 December 2025: Rs 10 crore capital and Rs 100 crore turnover (was Rs 4 crore and Rs 40 crore).
• Form RD-1 revised, 15 September 2025.
• Government company strike-off, GSR 940(E), 1 January 2026: an Under Secretary-level officer may give the STK-3A bond.
• Form LEAP-1 for overseas listing revised, 4 July 2025.
• CSR through zero coupon zero principal (ZCZP) instruments, GSR 415(E), 27 May 2026: up to 10% of CSR spend.
• Schedule VII, GSR 416(E), 27 May 2026: ZCZP subscription on the Social Stock Exchange becomes a CSR activity.
• Director KYC, GSR 943(E), 31 March 2026: once in three financial years.
• DIR-3 KYC fees, GSR 300(E), 21 April 2026: nil on time, Rs 5,000 late, Rs 500 per change.
• Form CSR-1 revised, 14 July 2025.
• Auditor fraud reporting on Form ADT-4, 14 July 2025.
• New Rule 11(2) on 'business of financing industrial enterprises' for section 186, 3 November 2025.
• POSH and Maternity Benefit Act disclosures in the Board's report, 14 July 2025.

Source: ICMAI Paper 5 supplementary, December 2026.

Items 5 and 6, dated 27 May 2026, sit four days inside the cut-off. I would learn them together.

Paper 6: AS 22 and Pillar Two

GSR 169(E) of 10 March 2026 amends AS 22 for OECD Pillar Two. Under new paragraph 2A, no deferred tax is recognised or disclosed for Pillar Two income taxes; paragraphs 32A to 32D add the disclosures.

Paper 5 adds 12 items, two from 27 May 2026; Paper 6 adds one.

Do Paper 8 and Paper 10 have amendments this term?

Paper 8 follows CAS 1 to 24 as amended to 31 May 2026. The clarification links an updated study material file for it, not a supplementary.

Paper 10 has no December file either. The June 2026 file covers Ind AS 1 (right to defer settlement, covenants) and Ind AS 10, notified 13 August 2025. ICMAI has not said whether it carries over to December 2026, so check its applicability notice before you rely on it.

Neither paper has a December file. For Paper 10, keep the June 2026 one.

How has ICMAI's cut-off moved over the last six terms?

My compilation (term, DoS reference, issued, Finance Act, cut-off):

• June 2024: 03/2024, 13 March 2024, FA 2023, 30 November 2023.
• December 2024: 09/2024, 3 September 2024, FA 2023, 31 May 2024.
• June 2025: 03/2025, 13 March 2025, FA 2024, 30 November 2024.
• December 2025: 09/2025, 17 September 2025, FA 2024, 31 May 2025.
• June 2026: 03/2026, 16 March 2026, FA 2025, 30 November 2025.
• December 2026: 09/2026, 15 September 2026, FA 2025, 31 May 2026.
• June 2027: not on ICMAI's student circulars page as on 13 November 2026.

My page count for the June 2026 files is 37 (Paper 5: 5, 7A: 16, 7B: 10, Paper 10: 6) against 15 for December.

In all six terms, June used a 30 November cut-off and December used 31 May.

Will the Income-tax Act, 2025 apply to CMA Inter June 2027?

As on 13 November 2026, ICMAI's student circulars listed no notice on when the Income-tax Act, 2025 enters CMA Inter Paper 7. I checked that page, not every ICMAI page.

For comparison, ICAI's 5 December 2025 announcement applies the 2025 Act to CA Inter Paper 3A from the May 2027 exams.

Study the 1961 Act for December. For June 2027, switch only after ICMAI's notice.

ICMAI's own December 2026 files keep Paper 7 on the Finance Act 2025 and the 1962 Rules.

How I would use the supplementaries before 14 December

1. Download the four December files and the June 2026 7A, 7B and 10 files.
2. Mark each item in its module chapter, notification number in the margin.
3. Write and answer one question per Paper 7 item, citing the section.
4. Check every answer against the 31 May 2026 cut-off.

In tax copies I check, marks go most often where no section is quoted. Practise with CMA Inter chapter-wise weightage and CMA Inter past papers and suggested answers.

Write one full Paper 7 under exam timing and get it checked by ex-examiners within 48 hours of upload on our CMA Inter test series. Full Syllabus Mock Tests start at Rs 199 per subject, and the first paper is checked free.