CA IPCC TAXATION PAPER TIPS FOR MAY 2015 EXAMS

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CA IPCC TAXATION PAPER TIPS FOR MAY 2015 EXAMS

CA IPC – Paper 4 – Taxation 

 

In order to ensure clarity as regards the applicability of provisions of income-tax and indirect taxes for May, 2015 Intermediate (IPC) Examination, as well as the BOS publications relevant for the said examination, the details regarding the same are briefed hereunder:

Applicability of Finance Act, Assessment Year for May, 2015 Examination

  • The amendments made by the Finance (No.2) Act, 2014 in income-tax and indirect taxes;CA IPCC TAXATION PAPER TIPS FOR MAY 2015 EXAMS
  • The provisions of income-tax law as applicable for the assessment year 2015-16;
  • The significant notifications and circulars issued upto 31stOctober, 2014 (income-tax and indirect taxes).

Study Plan

 

 

Steps in Preparation

Objective of study

Relevant Publication

Step I Study each topic of your syllabus thoroughly for conceptual clarity Study Material, as amended by the Finance (No.2) Act, 2014, relevant for May 2015 and November
2015 examinations. [October, 2014 edition]
Step II Understand the rationale and impact of amendments made by the Finance (No.2) Act, 2014 and recent Notifications and Circulars issued by CBDT and CBEC Supplementary Study Paper – 2014
Step III Work out the problems and solve the questions after completing Practice Manual October 2014 edition
study of each chapter in the Study Material to test your level of
understanding of concepts explained in the said chapter.
Note – After you complete study of the entire syllabus content,
solve all the problems in the Practice Manual once again to make
sure there are no grey areas.
Step IV Update yourself with the latest developments on the legislative front and self-assess your preparation. Revision Test Paper (RTP) for May 2015 examination
Step V Test your level of preparation by solving past question papers within the given time frame of three hours and compare your answers with the Suggested Answers published by the BOS. However, remember that Suggested Answers are prepared on the basis of the provisions applicable for the assessment year and Finance Act relevant for that particular examination. For example, the Suggested Answers for May, 2014 examination are based on the provisions of law as amended by Finance Act, 2013. In case you are appearing for the examination in May, 2015 or November, 2015, the relevant Finance Act would be Finance (No. 2) Act, 2014. Therefore, while checking your answers with the answers given in the Suggested Answers, you should keep in mind that your answer would vary to the extent of amendments made by the Finance (No.2) Act, 2014 and notifications and circulars issued after 31.10.2013. Suggested Answers
Also, be aware of the mistakes students commit while answering the questions by reading the subject-wise compilation of Examiners’ Comments published with the Suggested Answers.
You can also check your progress by solving the Mock Test Papers hosted on the Institute’s website. Mock tests are also held at the various regional offices and branches of the Institute. Mock Test Papers

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CA IPCC Question Papers Nov 14


 

Credits – ICAI

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