this was my first tym I appeared for ipcc exam
My tax paper was not up to THE mark. I attempted all questions , but did mistakes in all.
Theory ques are also not attempted by me
is there any chance that I get passed on THE basis of step marking????
steps marking always there for evaluating the answer.
but depending upon the mistake if it is in first step all the following steps will be wrong so when process is same but mark may not get. However if starting steps is upto mark but last steps is wrong than until correct steps candidate will get the marks.
for example while calculating tax candidate may forget to add surcharge or cess but its taxable income is correct. so till the calculation of taxable income marks may be allotted.
however if we take the example of capital gain calculation and candidate taken wrong indexation or calculated wrong cost of Acquisition than resulting capital gain also wrong in this may be marks not awarded.
hope for best..
this is based on own experience and information received from teacher not any absolute opinion.
CAclubindia
