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Direct tax may 2015

ItsMePrarthana (CA final) (78 Points)

11 February 2015

how to handle DT syllabus for exams in may 2015?

i have taken classes frm VG but im still finding it soo difficult to study all the 6 modules for the exam in may 2015 as i have other 7 subjects as well... is there any other way how i can study & complete the syllabus of DT to get good marks? is going through all the modules a necessity? please help

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Kishor Bhat (CA final CS executive (from Bangalore)) (1881 Points)
Replied 11 February 2015

From VG modules, it difficult to revise even if u have three months in hand. See, vg's summary book. It comes in a week. Along with this, new pm, icai supplementary mtrl and case law book. Total 130 cases are there from DT case law book. So pick 5 cases per day n finish off. Now see, it takes max 30 days I.e by march 10th. See next, again u got revision for cases. Like this, allot time..u wil get time to complete rest of the stuffs in dt.

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Kishor Bhat (CA final CS executive (from Bangalore)) (1881 Points)
Replied 11 February 2015

If u cant even with vg new summary book. Try with dt modules(institute stdy mtrl).Some of the chapters is gud. Am referring G.Shekar padhuka plus dt modules n new pm. At a time u cant read cases. Per day basis pick that n complete. According to me, better u go with vg summary book because have done with vg modules only. Later, allot the time as like I shown for DT cases above.

Kishor Bhat (CA final CS executive (from Bangalore)) (1881 Points)
Replied 11 February 2015

See, from case law book.. Surely minimum 3 or 4 cases. Around 12 to 15 marks. U got this by reading just 5 per day. Next, supplementary book, it fetch marks of minimum 20 to max 35 or it may come more than this. Supplementary dt content around 110 pages...4 or 5 pages per day. Required 22 days. See, by this already u got 40 to 50 marks. Wealth tax 10 to 15 marks. Rest of the things, u have to see how can I complete n al.

(Guest)

There are two types of CA Final Direct Tax Laws papers:

1. Static : Where no major amendments come, no new case laws come. This paper makes Case studies booklet, RTP, Supplementary Material : Amendments less useful.This is a shocker from ICAI, if the Advanced Management Accounting Paper is not too difficult and not too lengthy.Nov 2014 : Group 1 pass percentage =20%, Group 2 = 7%. This was due to Lengthy AMA paper and also a static DT paper. Infact the IDT paper was also a static one.

2. Dynamic : Where major amendments,new case laws cover about 40% paper. This paper is a cakewalk to pass.If a student revises Amendments, Case laws before the exam, he can easily pass. In the dynamic paper, only new issues are asked.Major focus is on the taxation of Companies.

Till May 2013, ICAI was giving the dynamic paper. The available tips on the caclubindia have become oudated from Nov 2013.

As the Question paper gets more and more predictable, ICAI shifts from the dynamic paper to the static one.The first predictable paper was (the first New Course paper)May 2010.May 2013 was the last dynamic paper.This was also the period of high result percentage.

But as the results have dropped, the pattern has changed drastically.

Recent Changes:

1. No new case laws from the Case Compilation book.Only old case laws are coming. At maximum 2 case laws can be expected. The Question where 4 new case laws used to come has changed into 2 contemporary provisions related Questions and 2 Case laws. One will definitely will be old and one new.

2. No major amendments are coming. This is a shocker by the ICAI. Only A Multiple times Failed CA Final student can spot this.

3. ICAI is going the 90s way, where every topic will be covered including Salaries, House property. Nov 2014 was a good example of Static Paper.Till May 2013, the focus used to be on Companies, now it is shifting towards general Taxation.

So, ICAI is directly targeting VG and others who focus on selective areas. The coaching institutes deliberately omitt many relevant topics.They cover specific case laws, specific topics. The are still giving preference to Dynamic pattern.Sadly, ICAI has changed the pattern.

So, you should follow the book, which covers static and Dynamic both.It should be comprehensive but relevant with the changes in trend.

I would recommend : Bangar Quick Referencer cum Compiler

It has a comprehensive summary. It has all the past Questions. It has all the amendments.

All above in 500 pages.

You can also go for the Practice Manual+ RTP+ Supplementary Material : Amendments+ case Laws.

But Bangar beautifully arranges the above ICAI material in its 500 page book.

VG modules have 1400 pages in total with incomplete coverage of many relevant issues.

1 Like

Soham (Learning ) (534 Points)
Replied 11 February 2015

After Proper reading of all other modules of VG .. Much Focus shall be on Summary module and ICAI Latest case studies and amendment

All the Best !

Rahul Rana (xyz) (27 Points)
Replied 11 February 2015

Vg sir summary module cover all the syllabus .

Ashutosh Ganotra (Executive-Assurance at EY Qualified CA CS and B.com(H)) (138 Points)
Replied 11 February 2015

Originally posted by : Prarthana Bhowmik

how to handle DT syllabus for exams in may 2015?

i have taken classes frm VG but im still finding it soo difficult to study all the 6 modules for the exam in may 2015 as i have other 7 subjects as well... is there any other way how i can study & complete the syllabus of DT to get good marks? is going through all the modules a necessity? please help

Well Prarthana, i was also in the same situation, but the only difference is that i had tasted Failure in Nov'13 attempt and only then i realised that 7 modules can't be done.

So, for May'14, i had done only the VG Summary Module, ICAI case law book and ICAI supplementary and i got 60 in DT

You can also give it a try, but it can backfire also..

All the Best.

1 Like

Saurabh Toshniwal (ca final) (2358 Points)
Replied 11 February 2015

refer paractice mannual & supplementry sudy paper & select cases issued by icai its enough..

Saurabh Toshniwal (ca final) (2358 Points)
Replied 11 February 2015

refer paractice mannual & supplementry sudy paper & select cases issued by icai its enough..

nikhil (student) (27 Points)
Replied 11 February 2015

hi,

can anyone suggest me a good book for Indirect Tax other than Bangar...Thanx in advance.

ItsMePrarthana (CA final) (78 Points)
Replied 11 February 2015

Originally posted by : Kishor Bhat
	From VG modules, it difficult to revise even if u have three months in hand. See, vg's summary book. It comes in a week. Along with this, new pm, icai supplementary mtrl and case law book. Total 130 cases are there from DT case law book. So pick 5 cases per day n finish off. Now see, it takes max 30 days I.e by march 10th. See next, again u got revision for cases. Like this, allot time..u wil get time to complete rest of the stuffs in dt.

i am yet to get the summary module of VG...when i do i was thinking il do that & get the bangar compiler too...isnt reading these 2 books enough? & vg has case laws in d modules with d past yr ques too so shud i do dem instead of getting the supplemntary mtrl of ICAI?

ItsMePrarthana (CA final) (78 Points)
Replied 11 February 2015

Originally posted by : Ashutosh Ganotra
	Originally posted by : Prarthana Bhowmik how to handle DT syllabus for exams in may 2015? i have taken classes frm VG but im still finding it soo difficult to study all the 6 modules for the exam in may 2015 as i have other 7 subjects as well... is there any other way how i can study & complete the syllabus of DT to get good marks? is going through all the modules a necessity? please help Well Prarthana, i was also in the same situation, but the only difference is that i had tasted Failure in Nov'13 attempt and only then i realised that 7 modules can't be done. So, for May'14, i had done only the VG Summary Module, ICAI case law book and ICAI supplementary and i got 60 in DT You can also give it a try, but it can backfire also.. All the Best.

i guess VG modules has all the case laws already! so y buy supplemntary case laws? it evn has all the past yr ques at d back i saw....but the inner content is what takes the max time...how can sumone remember soo many sections!

Ashutosh Ganotra (Executive-Assurance at EY Qualified CA CS and B.com(H)) (138 Points)
Replied 11 February 2015

Prarthana, vg modules does contain the case laws n stuff.. But the books i mentioned is like the "IMPORTANT STUFF" that must be ticked on your to do list b4 exams coz its of icai, point a and secondly rather than turning pages of 7 modules, its better no to have a handy, "ALL IN ONE" material and Just to correct, supplementary study material is like the amendment book and not the case law book and finally the name of the case or section no. does fetch you a half or one more mark, but as they say the content remains the king.. So try and undestand the content and not the sec no./name resp. Ashutosh

1 Like