Vishal Sharma (Student CA Final) (45 Points)
24 February 2016
Ramesh
(Student)
(90 Points)
Replied 25 February 2016
In most of the questions, of taxation; income computation is major part for IPC level. You may refer the suggested answers, for format of computation. At IPC level, students are always concerned to income regnition in taxation. You have 5 heads of income and you learn these income heads at this level.
At IPC, Income Computation is base for tax calculation.
Likewise, Standards are most important for accounting purpose.
You should study it well.
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