Query regarding chapter 3 income tax (section 10)

Hey...

I'm preparing for the coming November 2011 IPCC exams. 

Not going for coaching or anything, doing it through self-study (ICAI material). Just started preparing for it, hope I'm able to finish it in time...

Anyway, to the point, I was studying Chapter 3 of Income Tax which is Section 10 (Incomes which do not form part of total Income)... There were a lot of stuff to remember and not all the parts had illustrations. And, looking at the different forums and notes available on the net, this chapter isn't discussed much. So, I was just wondering how important is this chapter?! Should I concentrate a lot on this chapter and is it necessary to by-heart each and every point and limit for exemption? Or, just a few important ones...? 

Thanks in advance... :)

Take care.

Replies (3)

Bro to be very frank this chapter is very important. I can understand your position.

what you can do is go through all the chapters first and at the end what you will notice is your 90% of chapter 3 will already be done.

As most of the concepts in it are already discussed in all the chapters.

All the best and make cci proud.

Sanyam Arora

No need to study the whole chapter in depth. But do one reading of all sections. And briefly remember the concept of the section and its applicability in the problems. Mostly, theory question may not come from that chapter, but those sections will be useful in practical problems. One short question may come.

Hey, Thanks a tonne Sanyam and Krishna for the quick as well as perfect replies! ;)

Your answers have made me feel a lot more calm now...!

Thanks once again, and will definitely try and make CCI proud! :D

Cheers!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 August 2026
International Corporate Tax Advisory

Shulke

Bengaluru

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 08 August 2026
CA Articleship

RSAG & CO LLP

New Delhi

CA Inter

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details