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book

namrata (student) (153 Points)

02 March 2009

does one need to buy new book for tax for the coming PE II Income tax exam?

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4 Replies

CA.Tarun Maheshwari (CA, DISA) (7150 Points)
Replied 02 March 2009

Income Tax book should always be new for every attempt.

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KoolCapricorn (Student) (600 Points)
Replied 02 March 2009

Mr. Tarun is partially right.

IT books serve for 2 attempts. i.e May & Nov.

So 1 book in 1 year is rqd

CMA KNVV Sri Vidya - Sri Kanth (C.A.Final (New) ICWAI FINAL (New)) (11269 Points)
Replied 02 March 2009

Its always required to purchase new book for every attempt

as there would be many amendments in the act

so its better

or else u can even go through the recent amendments in income tax act instead of

purchasing a new one

CA.Tarun Maheshwari (CA, DISA) (7150 Points)
Replied 02 March 2009

Originally posted by :KoolCapricorn
"	Mr. Tarun is partially right. IT books serve for 2 attempts. i.e May & Nov. So 1 book in 1 year is rqd	"

I suggest new book for every attempt because when the Act is amended, it may happen that in first edition after amendment, the author may not properly interpret it or give proper examples. But by the time second edition comes for next attempt, most of the provisions becomes clear. SO its better to always have a new book for every attempt in case of Income Tax.