CA Foundation June 2026 Exam: Last Month Current Affairs Compilation You Must Know

<h2>CA Foundation June 2026 Exam: Last Month Current Affairs Compilation You Must Know</h2>

<p>With only one month left for your CA Foundation exam in June 2026, current affairs preparation becomes crucial. The ICAI CA Foundation exam includes questions on recent economic policies, accounting developments, and regulatory changes. Let's compile the most important topics you need to focus on.</p>

<h3>1. GST Rate Changes and Tax Compliance Updates (May 2026)</h3>

<p>The most recent GST policy updates are always examination material. As of May 2026, keep track of:</p>

<ul>

<li><strong>GST Council Decisions:</strong> Any new rate changes or clarifications issued in April-May 2026</li>

<li><strong>Section 15 of CGST Act, 2017:</strong> Know how GST is calculated and applicable on different goods/services</li>

<li><strong>ITC (Input Tax Credit) Rules:</strong> Recent amendments or notifications about claiming ITC under Section 16</li>

<li><strong>E-way Bill Updates:</strong> Any changes in threshold limits or compliance procedures</li>

</ul>

<p><strong>What to remember:</strong> GST questions in CA Foundation usually test your understanding of tax computation. Focus on practical scenarios involving calculation of SGST, CGST, and IGST.</p>

<h3>2. RBI Monetary Policy and Banking Sector Developments</h3>

<p>The Reserve Bank of India's June 2026 monetary policy announcement will be fresh news during your exam period. Important topics include:</p>

<ul>

<li><strong>Repo Rate & Reverse Repo Rate:</strong> Current rates and their impact on inflation (Check RBI official website)</li>

<li><strong>Banking Regulation Act, 1949:</strong> Section 45-IA regarding RBI's regulatory powers</li>

<li><strong>Digital Payment Initiatives:</strong> UPI, CBDC (Central Bank Digital Currency) progress</li>

<li><strong>Capital Adequacy Ratios:</strong> Basel III norms for Indian banks</li>

</ul>

<p><strong>Exam tip:</strong> Questions often ask about the current Repo Rate and its effect on lending rates. Keep the latest RBI rate handy.</p>

<h3>3. Union Budget 2026-27 Implications (February 2026 context still relevant)</h3>

<p>While the budget was in February, its implementation impacts are still relevant in May-June:</p>

<ul>

<li><strong>Corporate Tax Rates:</strong> Section 115BAA (new tax regime) and Section 115BAB (optional new tax regime)</li>

<li><strong>Dividend Distribution Tax:</strong> Current position and exemptions</li>

<li><strong>Infrastructure Investment:</strong> Government's focus areas and related financial incentives</li>

<li><strong>Startup Provisions:</strong> Section 80-IAC benefits for startups</li>

</ul>

<p>The exam might ask: "What is the current corporate tax rate under Section 115BAA?" Know the exact percentage and conditions.</p>

<h3>4. Accounting Standards and ICAI Updates</h3>

<p>By May 2026, check ICAI's recent pronouncements:</p>

<ul>

<li><strong>Ind AS (Indian Accounting Standards):</strong> Any new amendments or clarifications issued</li>

<li><strong>Depreciation Method Changes:</strong> Recent guidance on Section 32 of Income Tax Act</li>

<li><strong>Fraud and Error Reporting:</strong> Standards on detection and reporting requirements</li>

<li><strong>Going Concern Assumption:</strong> Recent updates on financial statement preparation</li>

</ul>

<p>These topics connect directly to <strong>Accounts Module 2 & 3</strong> of CA Foundation syllabus.</p>

<h3>5. Corporate Governance and Regulatory Compliance</h3>

<p>Recent updates on corporate accountability:</p>

<ul>

<li><strong>Companies Act, 2013 – Section 177:</strong> Audit Committee composition and responsibilities</li>

<li><strong>SEBI Listing Regulations:</strong> Recent amendments on disclosure requirements</li>

<li><strong>Whistleblower Protection:</strong> Section 177(9) and (10) requirements for listed companies</li>

<li><strong>CSR Spending:</strong> Section 135 updates on Corporate Social Responsibility percentage</li>

</ul>

<h3>6. Inflation and Economic Indicators (May 2026 Data)</h3>

<p>Current inflation rates, GDP growth figures, and employment data are likely exam material:</p>

<ul>

<li>Latest <strong>CPI (Consumer Price Index)</strong> readings</li>

<li>Current <strong>GDP growth rate</strong> for FY 2025-26</li>

<li>Unemployment rate trends</li>

<li>Foreign Direct Investment (FDI) inflows</li>

</ul>

<h3>How to Study Current Affairs for CA Foundation Exam:</h3>

<ol>

<li><strong>Read ICAI's website daily:</strong> Check www.icai.org for latest pronouncements</li>

<li><strong>Follow RBI updates:</strong> Visit www.rbi.org.in for monetary policy changes</li>

<li><strong>Track tax amendments:</strong> Monitor Income Tax Department and GST Council notifications</li>

<li><strong>Make flashcards:</strong> Note exact section numbers, percentages, and dates</li>

<li><strong>Connect to your studies:</strong> Link current affairs to specific chapters in your textbook</li>

</ol>

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<h3 style="margin:0 0 10px;color:#3A7A8E;font-size:16px;">📚 Related on CA Saarthi</h3>

<ul style="margin:0;padding-left:20px;">

<li style="margin-bottom:6px;"><a href="https://casaarthi.in/blog/fair-value-measurement-under-ind-as-113-recent-updates-every-ca-foundation-stude-2026-04-13" style="color:#4A90A4;text-decoration:none;font-weight:500;">Fair Value Measurement under Ind AS 113: Recent Updates Every CA Foundation Student Must Know</a></li>

<li style="margin-bottom:6px;"><a href="https://casaarthi.in/blog/icai-vision-2030-and-the-future-of-chartered-accountancy-what-ca-foundation-stud-2026-03-31" style="color:#4A90A4;text-decoration:none;font-weight:500;">ICAI Vision 2030 and the Future of Chartered Accountancy: What CA Foundation Students Must Know</a></li>

<li style="margin-bottom:6px;"><a href="https://casaarthi.in/blog/icai-guidance-on-cryptocurrency-accounting-for-ca-foundation-what-you-must-know-2026-04-21" style="color:#4A90A4;text-decoration:none;font-weight:500;">ICAI Guidance on Cryptocurrency Accounting for CA Foundation: What You Must Know</a></li>

<li style="margin-bottom:6px;"><a href="https://casaarthi.in/topics/ch6-9-section-138" style="color:#4A90A4;text-decoration:none;font-weight:500;">Section 138</a></li>

<li style="margin-bottom:6px;"><a href="https://casaarthi.in/topics/ch13-6-standard-deviation" style="color:#4A90A4;text-decoration:none;font-weight:500;">Standard Deviation</a></li>

</ul>

</div>

<h3>Sample MCQ Questions (Exam-Style):</h3>

<p><strong>Question 1:</strong> As per the current GST regulations (May 2026), the CGST rate on goods classified under 18% slab is:</p>

<ul>

<li>A) 9%</li>

<li>B) 10%</li>

<li>C) 12%</li>

<li>D) 18%</li>

</ul>

<p><strong>Answer: A (CGST is half of total GST rate)</strong></p>

<p><strong>Question 2:</strong> Which section of the Companies Act, 2013 mandates the formation of an Audit Committee in listed companies?</p>

<ul>

<li>A) Section 135</li>

<li>B) Section 177</li>

<li>C) Section 149</li>

<li>D) Section 178</li>

</ul>

<p><strong>Answer: B (Section 177 deals with Audit Committee composition and powers)</strong></p>

<p><strong>Question 3:</strong> The current corporate tax rate under Section 115BAA for domestic companies that have given up exemptions is:</p>

<ul>

<li>A) 30%</li>

<li>B) 22%</li>

<li>C) 25%</li>

<li>D) 20%</li>

</ul>

<p><strong>Answer: B (22% is the rate under optional new tax regime introduced in Budget 2020)</strong></p>

<h3>Final Tips for Your Exam:</h3>

<p>Give <strong>15 minutes daily</strong> in your last month to current affairs. Focus on topics that connect to your CA Foundation syllabus rather than random news. Remember, the exam tests your understanding of laws and regulations, not just news memorization. Every current affairs topic you study should strengthen your knowledge of a specific section or accounting standard.</p>

<p><strong>Good luck with your CA Foundation June 2026 exam! You've got this!</strong></p>