How to prepare income tax for p.c.c?

Mr.Varun ....

understand the provisions clearly and try to solve problems after reading provisons thoroughly....

try to do more problems that will definitely help you...

no problem...

Hello Varun,

Study from preliminaries, basis of charge, taxation of trusts, thjose are important lessons for understanding concepts, even though it will take more time.

Then study the different heads of income. If u read the case laws mentioned, u will get clarity on the subject..  no need at this point  to remember assessee's name for quoting in the exam hall.. chances are that the questions will not revolve around a case law, but its good to impress the examiner with any new developments in judiciary.

Once u r done with heads, go to clubbing, set on set off, carry forward, exempt incomes and ch VI A deductions.

Then do return filing, interests, and most important, TDS Lesson.. develp deep knowledge in PGBP and capital gains, as also TDS...

You can impress examiner with remembering sections and rates, circulars, especially rates and circulars.. even knowing that there is a circular is sufficient, just tell examiner that it is as per a cricular, thats fine.

Service tax and VAT u can expect direct Qs in may... so just rush thru in half day....

DONT SKIP ANY LESSON. i just told u what are more risk areas.... DONT SKIP THEORY POTIONS AT ALL, ESP FROM IMPORTANT LESSONS

Do problems for revision.. Its better to do lesson specific problems that to solve 40 questions on computation of GTI... cos smaller problems will give deeper understanding... All the best

basis of charge, residential status, Assessment of Company & Partnership, Time period in Assessment procedure, TDS are the important area to cover overall. In addition mention the Case Law, Cirecular, section & other to show the examinar that u have deep knowledge. Very important to go through the amendments, it is must. Try to solve more practical solu. Evan though u do not have much time then also go through the basic of all chapter, do not skip anything.

All the best.

first of all learn and understand all the provisions and concepts and

solve as much practicle problems as you can..

bCoz in income tax the speed to solve a problem is very important

and yes don't forget to grasp all the latest ammendments and practicle problems based on them.

the paper will be 90% practicle oriented so the que will be tricky and just pattering the section will not help you ... so give more time to understand the concepts and possible que about them

best regards,