Is it important to have neat handwriting and presentation?

Dear Satish,

Let me tell you it is very important to have good and legible handwriting for the exam purpose. Reason being if you keep your exam copy neat and clean without any cutting then this would certainly create good impression on the examiner. It’s a physiological fact.

Revert if there is any doubt.

All the Best & Regards

Focus on legible and understandable handwriting rather than very good handwriting. There are various other tricks to perform well in the theory paper. Refer my 2 articles:

SOME PRESENTATION SKILL FOR WRITING PROFESSIONAL EXAMINATIONS

TIPS TO DEAL WITH THEORY PAPER: AUDIT AND LAW    

TIPS TO DEAL WITH PRACTICAL PAPER: ACCOUNT & COST