Taxmann’s Cracker – Business Laws & Ethics (Law/BLE) (CMA-Inter) (New Syllabus) by Leena Lalit Parakh for Dec 2026 Exams – 7th Edition June 2026.

Taxmann’s CRACKER for Business Laws & Ethics (CMA-Intermediate | Group I – Paper 5) is a dedicated, exam-oriented question bank. Instead of reteaching the syllabus, this 7th Edition (June 2026) uses the ICMAI’s own examination history to create a structured practice system. Every chapter opens with a quick conceptual review followed by a graded set of questions—both objective and descriptive—answered exactly the way the examiner expects.

Key Exam Preparation Features

• Authentic Examination Material: Practice on a topic-wise archive of real CMA questions spanning more than a decade (from 2013 to June 2026), updated to reflect the latest applicable provisions and amendments.

• Mixed Question Formats: Prepares you for the compulsory objective sections and descriptive halves with MCQs, Fill-in-the-Blanks, True/False, and full theory/problem questions.

• Module-wise Marks Distribution: A front-of-book table shows how marks have been spread across all 13 modules (Syllabus 2022 exams from 2023–2026). See at a glance that the Companies Act, Contract Act, and Business Ethics dominate the paper.

• Previous Exams Trend Analysis: A granular, question-by-question breakdown of every Syllabus 2022 paper reveals exactly how and where each topic is tested.

• ICMAI Material Mapping: Every module is mapped to its corresponding module number in the Institute’s official study material to ensure zero gaps in your preparation.

Complete Syllabus Coverage (Paper 5)

The book mirrors the full architecture of Paper 5, organized into 13 modules across 4 sections:

Section A: Commercial Laws (30%)

• Introduction to Law and Legal System in India

• Indian Contract Act 1872

• Sale of Goods Act 1930

• Negotiable Instruments Act 1881

• Indian Partnership Act 1932 & LLP Act 2008

Section B: Industrial Laws (15%)

• Factories Act 1948 & Payment of Gratuity Act 1972

• EPF and Miscellaneous Provisions Act 1952

• Employees State Insurance Act 1948 & The Code on Wages 2019

Section C: Corporate Laws (40%)

• Companies Act 2013 (The single highest-weightage section of the paper)

Section D: Business Ethics (15%)

• Business Ethics and Emotional Intelligence

About the Author: CA Leena Lalit Parakh

CA Leena Lalit Parakh is a practicing Chartered Accountant with over eleven years of academic experience, specializing in law, audit, strategic management, and economics. Renowned for her practical teaching approach, she has developed extensive educational resources and currently mentors CMA students at all levels in Surat. Her expert guidance has contributed to the success of numerous students, including over 25 All-India Rank holders.

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