Query regarding chapter 3 income tax (section 10)

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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!

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