Income Tax problem.

IPCC 1069 views 6 replies
Frnds my preparation for Tax for may is ...i have completed s.tax nd vat properly....but in tax i had done only salery. H.p, residential status, clubbing, nd agriculture... Is this sufficient to get 50marks in exam...
Replies (6)

TRY TO COMPLETE THE BUSINESS AND PROFESSION.

AND REST THROUGH ON THE LUCK.

BEST OF LUCK.

Shobhit u still have 5-6 days. Just try to read tax 3 hours and u can still make it.

See in imp. chapters u r still missing PGBP and Capital Gain. Just read summary of PGBP and learn rates of STCG and LTCG.

Income from other sources is a small but imp chapter. It will just take 2-3 hours.

So this will complete ur heads of income and it will make u feel comfortable .

In I.tax there r 2 more imp. chapters i.e. set-off and Deduction.

There is a summary of set-off of around 2 pages. Ye yaad kar le ki kaunsa loss kisse aur kitna tym mein set-off ho sakta hai aur deductions mein main deductions ki limit aur eligibility yaad kar le like 80C,80D,80E,80U,80G.

Advance tax mein 2 topic imp. hai - rate aur period. Tds mein sirf rate. Kul milake 4-5 pages.

Ye jitna kaha hai maine ye total 16 hours lenge i.e. 5 days.

Iske baad u can attempt for 80-85 maks and can easily score 50+.

It's not so easy but itna difficult bhi nahin hai...

Un chapters jo nahin karein unki summary yahan se padh sakte ho

/forum/income-tax-notes-easy-way-to-learn-140273.asp

But tumhara service tax aur Vat strong points hai isliye uspe jyada focus karna.

Best of luck and nw don't come ol on CCI.  

its lyk lil difficult to say if u can secure 50, but if u're completely thorough with wat u've done, guess, u can actually, though its a VERY BIG GAMBLE.  though i'll suggest u to atleast go thru the provisions of PGBP as well.......

;-)

I hope not enough since first one is a Gross total income problem and without having an idea about 5 head of income and deduction, you may find it difficult to solve the problem. 

Capital gain and business is important chapter. House property segment also important since there are practial question from these areas. 

 

Please find the attached file for a good note of Income tax.  This is a good revisionary tax notes. Any one can download this. this will surely help you for your income tax exam and it is a Crux of TN manoharan..

 

Click here 

Disturbance Allowance paid to judges. When judges are transferred from one station to another station, they are paid with one month basic pay (to compensate their disturbanc)plus actual shifting charges from one station to another for their luggage. Whether the basic pay paid is liable to tax?

well no time fr u to do anything new at the moment...can prove disastrous......keep on revising whatver u have done till now and hope fr the best.......better not to dig ur brain into an untouched topic....u will get 50 if u do well whatever u did until now...


fingers crossed...!!


best wishes.


CCI Pro

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