HOW TO PASS FINAL 2ND GROUP OR ELSE GET EXEMPTION

Hi

Dont worry... Just do Costing from Paduka.... try to do it atleast 1 hour...

Also do M.I.C.S. from Module & Compilation.

Direct tax there are so many reference books available like Vinod Gupta, Singhania, T N Manoharan, G. Sekhar etc....

For Indirect tax Vinod Bangar & Anand Jain.

Just try to read 1 hour from today. Prepare your schdule such that U will b4 exam just go through twice for each & Every subject....

U will definately clear in exam.. Best wishes for reading & exam...

I think whtever Sumit told for refernce books is ok with me. Try ur schedule very well adn make the short plan for studies. REMEMBER NEVER TRY TO MAKE LONG PLAN coz it looks good on PAPER but while making the implementation, many fails to stick it.

Best of luck

Hi Sumit,

Thank you very much for your suggestion...

Iam from Old syllabus..I dont have ICAI module for MICS...

I want to join Spell bound for Coaching for Costing, IDT & MICS..If I go coaching I think their material I need to follow...

What will you advice..to take coaching or self study..

How best coaching helps me in getiing cofidence

My office timings are 10.30 to 6.30..I do not get daily 1hr to study at home as I have one small kid..

Please tell me how to manage all these

Thank you

Laxmi

Please advice..

Afternun laxmi, the issue u mentioned...

I think, if u can manage coaching, then u shd go for that option only.. As being married person, it wil be VERY DIFFICULT for anyone to study at home.. Coaching classes help u understanding concepts as well as can boost ur confidence regarding studies,... U should surely attain coaching classes, and can practice sums overthere....

And great that u stil continuing after marriage...

Thank you Dhirav

U have given a very gud suggestion

All the best

Laxmi

Laxmi, ur lucky to have such nice office timings...u can get up early in the mrning say at 5.00 & study for 2 hrs as during that time u will have least disturbance. be positive, u will definitely make it.

 HI,

Laxmi,

U got all details about books. I also all books which was ref. is good. It will be better if u go for classes pref. in morning. so u get sufficient time in evening also. and MOST IMP is that Ur schedule will getting more exhausted. and U have to PREPARE mentally very strong. As I feel it is all about mind game. if U loose u mentally, no one can help u. 

I had cleared my exam in Nov2008. It was altogether different Experience as i am in practice having my consultancy practice. I was not able to get the Leave as I have to complete all the work of various client.

Still I had Joined evening classes. It will help U at some extent as Ur subject and concept get clear. for COSTING and Income tax U have to go for classes. I got very less days leave and I was firm mentally that i will try whatever in my hands.

and Believe I got cleared in Both group in 1st Attempt. At One stage when i used to go to classes, some days I have to attend on morning and then going to work and in evening also I have to attend classes. I feel what  I am doing. Mentally it disturb ur life. 

So be Confident and Mentally Prepare yourself. 100% u will clear it is only a question of 6months of ur hard work.

hardwork never fails. u will get the rewards 100%

Regards

CA Girish Amrutben Devraj Maru 

Hey Laxmi,

It would be great if you get in touch with someone who is also preparing. And that can happen only if you attend classes. And do not plan to write your exams in May 2010 if you are attending classes only now. Unless your grasp is fantastic and you can remember everything that you hear in class. Since you mentioned you don't get even an hour and that is very little time for a professional exam so attend classes and use the same time for reading once you are through with classes. 

•  First you ought to freeze books that you are comfortable with and identify a calm place to settle down with your workshop (books , notebooks, toolkit) and atleast three hours of uninterrupted study. Prepare notes and keep recalling while you travel to office, and while doing any other job that does not involve much attention.
•  Practice maketh C.A perfect. So you need to atleast work out costing and OR 3 times before you sit for exams.
• Keep your mind focussed and do not be carried away when there are functions, festivals, and have somebody to support you with bringing up your child.
• Close your door have some motivating charts on the wall showing your progress and let eveyone around know that you are quite serious about clearing so get them to help you with other mediocre chores.
• You have to keep writing tests and get them evaluated only then you will be charged up to study and be able to recall.
• Keep browsing this web page and other sites to get short notes on Mics which will come in handy at the time of revision. But you need to study all. Case law digest of CA inst, RTP and other latest publications are MUST READ. So get them now and start learning as if exam is tomorrow.
• MICS requires total memory retention technique so do tax laws. So you cannot afford to belittle the preparation required in any of the subjects. So identify your strength and make that subject/s your above 60 target and go for it.

FOOTPRINTS IN THE SANDS OF TIME ARE NOT MADE BY SITTING DOWN.

BE DETERMINED! STAY FOCUSSED AND GO FOR IT!

Cheers! Best of Concentration and a successful year ahead!

Deepa

And regarding Books I felt comfortable with the following: Institute Material should be the base for all.

Costing: For practice :Reliance compiler on past questions, or Institute compilation,

fast track reading - Padhuka , esp for theory,

and practice OR atleast 3 times from compilation, Padhuka, V.K Kapoor. Steps can be easily understood from Padhuka or you may refer to your class notes.

MICS:

All the books in the market are a synopsis of the Inst Material. So no better resource than Inst Material. Prepare your own short notes or refer to some really useful ones posted on this site for revision. And keep recalling every day. Everyone can understand this subject easily but the test is on how you reproduce the same content and in correct context. So read question carefully and write the same sub headings, points as in the material.

Direct Tax

I followed Girish Ahuja split in 2 volumes making reading easier than a single volume more than 2000 pages! Good presentation and updated suitably with case laws in sequence with provisions. This is for detailed study, along with case law digest of Institute. Students Bare Act by Yogendra Bangar can be used for provision wise reading and revision.

Manoharan is recommended for fast reading and for exam oriented preparation. Do not neglect recent ammendments, case law digest, RTP. Start with that first and keep revising.

Indirect Taxes:

V.S Datey for comprehensive study. Case law digest. Institute material. Suggested Answers.

You can visit dateyvs site for ready referencer.

ALL THE BEST

Hi nagalaxmi,

i want to tell easy method for u to pass group 2 soon...

study padhukas,study material and compiler...work out every problem in these books and revise 3 times and u are good for costing.

for mics...just study study module and compiler...if u dont have time just read dinesh madhan for a few chapters but important chapters read all from study materail only...icai expects only study module language...just mugup here...dont waste time to understand.

for direct taxes...study from girish ahuja or if u have no time then just go through manoharan many times...kepe incometax ready recokoner minihand book and keep reading sections over and over again...buy latest compiler from reliance(ay2010) and also caselaws and amendment book sold by icai ..buy this last....after u have worked otu everything from girish ahuja or manoharan....at final level i would say go for girish ahuja....unless u have no time at all dont go for manoharan....dont buy vksinghania or vinodgupta...they are good books but lots and lots of time needed to study those books...revise as many times as possible because u will forget otherwise....

for indirect taxes...just buy bangar both compiler and main book and work out all the problems..revise 2 atleast times

yes i agree with priya.

U must make ur time table first n take coaching because as u stated ur situation self study is not so easy.

coaching can clear ur concepts in lesser time u can make a lot of things.

BEST OF LUCK!

Thank you all for the valuable suggestions

good