Radhika (CA-ipcc & CS-foundation) (41 Points)
05 April 2011i m a student of ipcc nd needs smeone's help in income tax..i m not gettin anything in income tax i dont know wat to do wid dat means jus less than a month left 4 da xams nd i hadn't prepared anythng in tax...wat can i do now anyone please help me...
siddharth jain
(ca- ipcc)
(197 Points)
Replied 05 April 2011
agree with chetan : must do vat and service tax. they are small chapters and cover 50% marks of taxation.
Krish
(CA Final )
(3331 Points)
Replied 05 April 2011
Chapter 2 - Scope of total income & Residential Status - (Important for Theoretical purpose)
Chapter 3 - Incomes which do not form parrt of Total Income. - (Important for Theoretical purpose)
Chapter 4 -
Unit 2 - Income from HP - (Individual question may be asked)
Unit 4 - Capital Gain - (Individual question may be asked)
Chapter - 10 - Provision for filing of return for income. (Important for Theoretical purpose)
and obviously Service tax and VAT- From Study material (if possible)
(this time study mat has included all the services (114 services) applicable in india, no need to do all, Just do only 8 services which is applicable for May 2011 and you may ignore remaining services)
Sumit Bhargava
(CA Student)
(326 Points)
Replied 08 April 2011
Go with the suggestion of Mr. Krish.. It'll really help U to get marks in exam...
Y@$#u
(ipcc group 2, article)
(683 Points)
Replied 10 April 2011
i agree.. give more time to st n vat.. in it complete small topics like house property. tds and advance tax, return and d imp one SET OFF AND CARRY FORWARD OF LOSSES... den go for residential status... dnt avoid small topics like deemed dividend.. dnt leave any question blank in exam... and try to practice as much as u can in service tax and vat.. i mean practical questions.
CA.ViVeK M ACA
(ACCOUNTS DEPARTMENT)
(28544 Points)
Replied 10 April 2011
Dont worry first. Income tax have 3 equal segment (1) Income tax (2) Service tax (3) Vat segment. i hope there are only 8 taxable service which is relevant for this may exam. learn VAt aspect well. For taxation, i had prepared a simple note which can speed up your study process.
Regain your confidence and carry out your studies, you can clear
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