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Urgent help needed

Darshit (CA Final) (964 Points)

09 June 2009

Dear Friends,

I want to know that how should i remember the sections in case of income tax and corporate laws.

Please suggest me some tips.

Thanks in advance

Darsh*t

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9 Replies

Puja Modi (CS Qualified & CA Final Student) (48 Points)
Replied 09 June 2009

Hi Darsh*t,

There is no such clue i guess in order to learn the sections of Tax and corporate laws. But yes you will learn them automatically once you get hold on the topic and by revising them frequently. Topics like Listing Agreement, SEBI, Setions 295, 297, 299, 301, 401, etc of the Companies ACt are very important and you will get hold of them on frequent revision. Best of Luck

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CA Madhumita Binani (Executive Accounts (SERVICE)) (389 Points)
Replied 09 June 2009

If you remember, its always good.. But if you are confused, don't write the sections at all for law..

Well, i beleive, that after reading the same thing so many times in income tax, all the provisions are already by heart..

Anyway, i would say that it is important if you remember the Sections of Income tax Act, and also Cahpter on Directors in corporate laws... because many practical questions come in paper to which you may have to give the reference of the sections.

Regards

Madhumita

Rahul Chobdar (Chartered Accountant (Financial Management)) (561 Points)
Replied 09 June 2009

hi darsh*t!

Try to find the structure of the Income Tax Act i.e. how many chapters it is divided into, how many sections each chapters contains like it contains some 23 chapters divided into some 298 sections in the entire ACT.

This will help u.

Opt for same technique for law also.

if u find the structure plz tell me too abt it.

Regards

Rahul Chobdar

RAMANJU (here to updating the knowledge) (485 Points)
Replied 09 June 2009

Revisions gets you the familiarity with the sections

Manmohan ACA, CS (Chartered Accountant ) (14243 Points)
Replied 09 June 2009

No, better to first concentrate on provision and section comes along with. Means once you remember the provision -you will automatically able to recall all important sections.

good luck