My Tips -My Tricks- My Rank- Taxation

Page no : 4

CMA Sameer Epari (CA Final Student) (409 Points)
Replied 14 February 2011

THANKS FOR SHARING ....I WILL WAIT FOR YOUR NEXT ARTICLE

1 Like

Rahul Bansal (Finalist) (35929 Points)
Replied 14 February 2011

Congrats

1 Like

sandy (Student,Employee) (191 Points)
Replied 14 February 2011

congrates :) and thanks for thie TiPS:)

1 Like

surekha nayak (article) (95 Points)
Replied 14 February 2011

congrats.. actually taxation is really easy one.. plz share abt other subjects.. thank u

1 Like

RAJESH SACHDEVA (Artical) (79 Points)
Replied 14 February 2011

Appreciable Article and remember more articles are needed from your end,

1 Like


CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN")   (114225 Points)
Replied 14 February 2011

Simply Fantastic.....Really appreciate your effort and your article to help fellow students....

Wish you continue on your Merry way and will keep making all of us proud again and again.....

1 Like

pavithra (CA and CS student) (350 Points)
Replied 14 February 2011

Thanks a lottt.......


Rao UN (SR. STENO) (105 Points)
Replied 14 February 2011

Thanks for sharing, It is really helpful

 

NAAG

 

Originally posted by : Sunshine

 
Dear all,
Very happy to score all India 4th Rank and i owe a lot to CCI. So i have started a series of articles to help PCC/IPCC students in all subjects.This is the 1st of the lot.
.I thought of starting it with my favourite subject TAXATION. Bit of horror for some students but its a source of pleasure for me and i am immensly greatful to my teacher C.A Binay Bharti for this. I scored a cool 87 in Taxation and here is what i made out-



PREPARATION-
 
1.Notes are a strict requirement . Make a separate notebook and write down various section numbers along with its provision. It will be a boon for you at the time of revision coz you wont need to get back to the book at all.



2. It would be preferable if you can memorise the section numbers.No matter what people say but the truth is it boosts your score.But quote a section number only and only if you are 200% sure about it.Wrong section number can prove fatal to your answer.



3.Better not go for digging into too many questions at this level. Solve the scanner, institute's module and selected questions from a reference book (use Girish Ahuja or V.K Singhania's book).This will be more than enough.Scanner is a must.



4.Keep on revising the sections.Tax is a very slippery subect.Can slip from your mind as well as your marksheet anytime.So needs regular revision.Develop an interest , u will find the journey beautiful.



5.Use only institute's material for Indirect Tax part.Learn the theory word by word and just paste it in your answer sheets.Its very easy and scoring at the same time.






Answer sheet-



THEORY ANSWERS



1.Start with theory answers.Hope your handwritings are legible .(Handwriting need not be beautiful but decent).You might get confused in practical part if you start with it coz of nervousness.So start with some theory till your nerves settle coz its a boiling hot exam environment. Try to present the answer point wise.



2.Stretching and Shrinking-Many times in theory answers we  dont have much to write but try and learn the trick to adjusting the answer according to the marks allotted. Suppose a question is for 4 marks having just a 2 line answer.The evaluator also knows this fact but even if you write only those two lines the  he might give you juyst 2 or 2.5 marks.So learn how to stretch and shrink an answer giving no scope to the evaluator.



PRACTIAL ANSWERS- 



1.Solve it neatly.Working notes must be clear - as clear as possible.No need of decoration but cleanliness is always preferred.



2.Try and solve 100 marks paper. The evaluator is in a completely different mindset when he sees a 100% solved answer sheet.Possibility of failing is almost washed away.



PROVISIONS- MY REASON OF SCORING 87.



The practical questions designed by ICAI have high probability to make us fall into into trap. Its tricky and even the best of the best dont get 100% correct solution on most ocassions.



In Practical answers--if you have time then mention the provision along with the section number in working notes.It will work wonders. Even if your solution si 50% wrong your provisions can fetch you 90% marks.It works and it works wonders.Coz the teacher is assured that the students has the knowledge.



I did it in each of my answers.I was so scared of it working but we all have the result in front of us.So give it your best shot.Good luck.



Regards,
Sunshine

 

ROHIT CHATURVEDI (CA Final Student ) (2298 Points)
Replied 14 February 2011

hey congrats sneha...

n thanks a lot for sharing your tricks with us


Sakshi (Chartered Accountant) (44 Points)
Replied 14 February 2011

hey.. 

thanks a lot ...:D .......seriously..!!

can you please tell that the same thing is required in law also... i mean "craming of sections"...!!?!?!?




gautam.k.r (PCC) (78 Points)
Replied 14 February 2011

Congratz Sneha great achivement!!!...


neha (-) (232 Points)
Replied 14 February 2011

nice post sneha.....

n congo :)


Pragati Pasayat ( B.COM.(A/c)(H) IPCC)   (292 Points)
Replied 14 February 2011

thanx... its really helpful.!!!!!!!!

 

n congrats


CA. Abhishek K. Pandey (Manager (Advance)) (901 Points)
Replied 14 February 2011

Nice tips sharing. Keep it up !!!!!


Sourabh (Student) (360 Points)
Replied 14 February 2011

awesome.some simple n new tricks,rather than cliches like'work hard' n conceptual clarity we keep hearing.fantastic.

please tell me which reference book you used,n how many hours u gave to taxation everyday.I have just 5 months as I'm also doing MCOM so really confused how to go about it.I belong to the other group which finds  taxation tough,so very nervous.

 

thanx



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