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IPCC 341 views 3 replies
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????
Replies (3)
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.
And if I gets fail in tax , will whole group of mine be considered fail?
And as you said that if there is mistake in the starting of the question , marks will not be alloted ..
I give you an example of my mistake, just tell me what will be its impact
example- the very first ques was to calculate taxable income , adjustments were basically on pgpb,, I did all of that, but at the end I forgot to add income from other sources , and computed tax liability without that..
then will I get step marking??
as per rule of ICAI if you get less than 40 it is termed as fail. but if your rest paper was good I'm sure you will pass . and regarding your questions you will get steps marking because in pgbp type questions there is marking for each adjustment so you will get steps marking.


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