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Offline Mr. Patel

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Taxation
« on: November 01, 2011, 10:46:35 PM »
ICWAI Inter
Paper 7; Direct tax



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First of all let me tell you I had not included all the tips that are available for the taxation papers easily form other website and even I don’t like the practical subject, but Somewhere I managed to clear my ICWAI taxation paper.

Before moving on the tips I would like to share some  mistake that I had made in my paper and I want that you all don’t repeat it again,

After giving first two papers of ICWAI,  I was not in position to  Revise for the taxation paper. So if possible then try to maintain your Stamina till last date of examination.

Remember the entire papers asked in the examination are similar to example given in the module book but the only thing to note is then had made is complicated…

When I was preparing for  Taxation paper,  I was sure that I will not able to score high in the taxation paper, but one thing was sure that there are some chapter in which one can score…..

My theory portion was strong enough so I prepare so well for the theory  that I was sure that I will score well in the objectives question. Then, I prepared for good scoring chapter {from the view point of me, I never mark the chapter imp, unless it make be assure that I will score good in that chapter} that is Resident Status, House property, and other sources.

So I want to tell you that, try to  know your plus point and prepare some around 4 to 5 chapter so well that no one can defeat you in it.
“First of all secure yourself with some chapter so well that no one can fail you”

Here are some tips for the taxation papers;


First of all for the purpose of the taxation, you should not forget to go through the RTP

Spare your Sunday for  one whole chapter of taxation, I hope you can prepare one chapter in one day
{Still one month is left out so you can prepare 4 chapter well through for the exam that is 4 Sunday*1 that is four chapter}

In above section I mention to revise daily in the morning, now try to make a habit  that you will revise the taxation subject before going for the sleep, So I’m sure that at the end you will able to revise around five chapter, that is five head of the tax.

If you had seen the paper then you will find the “wealth tax is very important chapter from the view point of both theory and practical. Just check last few year paper, you will find the first two Fill in the blanks or true or false from the wealth, moreover there will be around 10 marks question from the wealth tax.

Keep on revising the chapter of the subject that you don’t like, because this will increase your confidence and attitude and you will start thinking positive,
Start preparing notes for the exam quick review.
For the purpose of objective question  First of all read the Module properly and then go for the scanner  to check your  preparation.
Following are the some chapter that you should not skip.
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Five head
Tax return and procedure for taxation
Wealth tax

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Every Sunday ---- prepare for the one whole chapter that you like and sure that you can score well in this chapter, dnt think about the weighted of the same.

Every  Night---Revise the five head again and again so that your get assure that you will score good mark in it.No problem even if you take 3 day to revise one head,because if you take three day to revise the head then in one month you will able to revise the all five head twice

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SO FINALLY YOU WILL BE PREPARE WITH FIVE HEAD AND SOME GOOD CHAPTER TO GET PASSED.....
Remember you cn't be master in all the subject if you don't like the subject the n try to get passed in the subject while you can score good marks in the other subjects.......
Just planning matters



Some important notes for the ICWAI
http://www.techshristi.com/1148/importa ... -taxation/
http://www.techshristi.com/911/importan ... irect-tax/
http://www.techshristi.com/1273/income- ... ay-201112/
http://www.techshristi.com/746/objectiv ... june-2011/
« Last Edit: July 26, 2013, 10:53:05 PM by TechShristi »

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Taxation
« on: November 01, 2011, 10:46:35 PM »

 
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