Taxation preparation tips
Paper 4: Taxation
1.Without any doubt and hesitation start
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 lots 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 away from Practice Manual (recently issued on ICAI website
as well). Marks covered by this two
topics are around 50 marks.
2.In Income tax start with Business &
Profession because as early as you finish
this chapter you will feel relaxed. Now do Salary, House Property, Capital Gain..
Do questions of Capital Gain & Other
sources from Practice Manual. This topic
cover around 30 marks out of 50 marks
portion of Income-tax.
3.Now do small & easy topics like Deductions, TDS, Procedure of filing
returns etc. there will we 8-12 marks
questions from this topics.
4.Now do Set-off & Carry forward & other
small topics, theory questions may be
asked from this topics so read it properly.
1.Without any doubt and hesitation start
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 lots 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 away from Practice Manual (recently issued on ICAI website
as well). Marks covered by this two
topics are around 50 marks.
2.In Income tax start with Business &
Profession because as early as you finish
this chapter you will feel relaxed. Now do Salary, House Property, Capital Gain..
Do questions of Capital Gain & Other
sources from Practice Manual. This topic
cover around 30 marks out of 50 marks
portion of Income-tax.
3.Now do small & easy topics like Deductions, TDS, Procedure of filing
returns etc. there will we 8-12 marks
questions from this topics.
4.Now do Set-off & Carry forward & other
small topics, theory questions may be
asked from this topics so read it properly.
Taxation preparation tips
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