Paper 7 – Direct Taxes
1. (Gurukripa - Padhuka Publications – Authored Sekar) / Manoharan / Singhania is sufficient
2. If you have attended classes than first read class notes and then read the reference material
3. Read the provisions deeply because the questions will be very tricky.
4. Time will be a constraint. You can spend at the max half an hour for each question. Always try to attend 100 marks but don't lose heart if you are not able to attend 100 marks. Attending anything between 90 to 100 marks is really good.
5. The pattern of the question paper is as follows:
a. You have to attend all the questions (There is no choice)
6. Please go through the RTP prescribed for your attempt, atleast 10 marks comes from RTP
7. Please read recent amendments & get the amendments book from the Institute relevant to your attempt. Atleast 20 marks will come amendments
8. Please get the select case laws book from the institute relevant for your attempt. Atleast 10 marks will come from the select case laws.
9. Keep practising the problems during your preparations. It will give you momentum and will let you know which problem will take how much time in exams
10. Wealth Tax – Sure 10 marks.
11. Assessment Procedure / Appeals / Refunds / Penalties – 10 marks sure
12. 10 -15 marks problem surely (Anyone from the following topics)
a. Sec 115 JB
b. Partnership
c. Computation of Taxable Business Income
d. Computation for Individual / Salary
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