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Doubt regarding tax

ANURADHA (CA Final) (108 Points)

08 November 2010

Do PCC Students need to remember cost of inflation rates??? Or they will be given in the exam??

If we have to remember....Can anyone share some tricks to memorize them???

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9 Replies

CA.Subhankar (Accounts & Finance) (65 Points)
Replied 08 November 2010

You can never be sure about what CANNOT come in C.A.exams.

It is always advisable to learn/memorise them.

I used a clue/shortcut :

Do not try to remember the exact indexes,instead try to remember the differences.

For example :

The Base figure is : 100

The next one is 109

remember their differences = 109 - 100 = 9

This way it could come like :

and so on...

Hope this helps...

Max Payne (employed) (2569 Points)
Replied 08 November 2010

Here is a legitimate way to solve your problem.

Buy a calculator with step checker.

Just before the exam starts,

Add all the indices step by step... like 100+109+.......582

Do not erase the calculator memory. In the hall, see if you need the indices for any question.

The index of each year will be in the corresponding step, starting year 1981-82 as 100, 1982-83 as 109 etc....

ANURADHA (CA Final) (108 Points)
Replied 08 November 2010

Even i did the same thing......97987......but i m a bit poor in memorising things......so a no. here or there will be a prob for me......

ANURADHA (CA Final) (108 Points)
Replied 08 November 2010

the calculator trick will work i guess :)

thanx :)

M .K. Jha (CA Final) (484 Points)
Replied 08 November 2010

Yaar inflation index always given in question paper..........

Don't worry..........

Manoj Khandelwal (Practice) (347 Points)
Replied 08 November 2010

It will be given in exam.

Azim Khan ACA,CS,CMA*,LLB* (Proprietor) (1312 Points)
Replied 08 November 2010

DONT BE CONFUSED AND DONT MAKE OTHER ALSO CONFUSED..

C I I will always be given in the exam....

so spend time in learning the provisions rather wasting time in memorizing this....

1 Like

CA PRABHAKAR JHA (ACA) (313 Points)
Replied 09 November 2010

Originally posted by : CA Azim Khan
	DONT BE CONFUSED AND DONT MAKE OTHER ALSO CONFUSED.. C I I will always be given in the exam.... so spend time in learning the provisions rather wasting time in memorizing this....