How was today's direct tax paper of ca final?

Page no : 3

Raunak (CA Final) (227 Points)
Replied 15 May 2012

ok the paper was actually 60% good..it was kinda tricky..ppl who had studied pcc well could get good marks..

10AA was fine bt that 10(23BC) was way too technical

7th question ..except tcs, it was scoring..2nd question only about case laws..direct questions from that ..!

some questions were outright practical like should there be 234b when no tds deducted on salary

one new amendement question mixed with tp

yes..amendement hardly any questions....

1 Like

CA SHAFI SIDDIQUI (Ca in Practice) (228 Points)
Replied 15 May 2012

Guyz..papaer was basically pointed on everything that is tend to be unimportant.......
And also question were case study types...
Paper was tough, not easy to answer, specially theory...
My chances r good i think....but 10AA question went straight wrong...i didnt knew about TCS question.
So hoping good...
Also as in grp 2, till now Costing and iSCA were easy...so it was expected.....its their toooollll...DT
Hoping on thursday v all right here good....n nothing which is regretable...

CA SHAFI SIDDIQUI (Ca in Practice) (228 Points)
Replied 15 May 2012

IDT ..best of luck

CA Sahil Singla.. (Service Tax ) (3746 Points)
Replied 15 May 2012

of course it's not an easy paper. Arre bahi CA FInal ka xam hai tough to hoga hi. But paper was not too practical as well. Whosoever has covered 100% syylabus could manage good score.

Joey Tribbiani (fdg) (2010 Points)
Replied 15 May 2012

all chapters covered except CAP gains.

CA Sahil Singla.. (Service Tax ) (3746 Points)
Replied 15 May 2012

Originally posted by : Mohd Atir Siddique
	all chapters covered except CAP gains.

7 mark question was there from cap gains

shashi (article assistant) (35 Points)
Replied 15 May 2012

Theoritical. Answers very short. How to calculate marks

Joey Tribbiani (fdg) (2010 Points)
Replied 15 May 2012

Originally posted by : sahil singla..
	Originally posted by : Mohd Atir Siddique all chapters covered except CAP gains. 7 mark question was there from cap gains

what part in that??? Interest was to be taxable in IOS only

Jagannadh (CA ) (38 Points)
Replied 15 May 2012

more than 50 questions from recent amendments and case laws. one who thourough with these can get easily 50 marks.

Sri Ramya Peketi (CA Final) (299 Points)
Replied 15 May 2012

Paper's good..... One need not be a master but shud have an overall grip of all recent amendments, recent cases n the linkages of sections

Jagannadh (CA ) (38 Points)
Replied 15 May 2012

More than 50 marks from Recent amendments and recent case laws.

CA Sahil Singla.. (Service Tax ) (3746 Points)
Replied 15 May 2012

Originally posted by : Mohd Atir Siddique
	Originally posted by : sahil singla.. Originally posted by : Mohd Atir Siddique all chapters covered except CAP gains. 7 mark question was there from cap gains what part in that??? Interest was to be taxable in IOS only

Question was on Indexation Benefit

CA Raviteja (Risk Management) (585 Points)
Replied 15 May 2012

Friends, one can't expect paper to be full of amendments... Today's paper was a mix of Both amendments and some basic Theory questions... Practical probs were very few... Also, a big dissapointing thing is almost nothing came from Asst Procedures. Only Sec.133 and Settlement Commission given... One who prepared Asst Procedures well will be bit dissappointed.

Overall, one who does average Preparation + Case Laws Can easily Score 50-60.

However, Valuation rules must be considered....

Hope IDT paper will be similar....