Few important tips & suggestions for Paper 4 - Taxation ( IPCC )

Posted Date : 26-Feb-2013 , 07:50:40 pm | Posted By CASANSAAR print

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Few important tips & suggestions for Paper 4 - Taxation ( IPCC )

1. Do All Amendments First. Dont Leave any Amendments as there will be lot of Question From Amenments in May term. And Do Rtp Questions also

2. Without any doubt and hesitation start wid VAT & Service Tax. VAT is easiest topic just read it properly and do practical questions also. After reading from book in last just go through the Practice Manual. In service tax do properly as there are lot of amendments and please do buy new Practice Manual of Tax from ICAI Branch and do all questions properly from it i am sure there will be many questions straight forward from Practice Manual ( Nov. 2012 edition ). Marks covered by this two topics are around 60 marks out of 120.

3. In Income tax start with Business & Profession because as early as u finish this chapter you will feel relaxed. Now do Salary , House Property, Capital Gain & Gift. Do questions of Capital Gain & other sources from Practice Manual. This topic cover around 30 marks.

4. Now do small & easy topics like deductions, TDS, Procedure of filing returns etc. there will we 8-12 marks questions from this topics.

5. Now do Set-off & Carry forward & other small topics, theory questions may be asked from this topics so read it properly.

*** Friends if you get time in last than just go through Practice Manual because many times theory questions get repeated in exams so may be it works.