CA Final Direct Tax Notes Study tips and Important topics for Nov 16
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CA Final Direct Tax Notes Study Tips
How to prepare for Direct Taxes?
Ans: Direct Tax is a vast subject and requires practical approach to solve real life problems faced by us in dealing with day-to-day income tax and wealth tax queries. In author’s opinion along with this book one should use following tools in obtaining skill to appear this paper for scoring good marks:
- a) Bare Act
- b) Complier /Suggested Answers issued by the Board of
- c) Other publications issued by Board of Studies like RTP, Amendments & Case
What should a read for direct taxes subject one day before examination?
Ans: You may read following material:
a) Board of Studies publication on Case Laws on Direct Taxes
b) Amendments booklet issued by Board of Studies with practical examples
c) Revisionary Test Paper published by Board of Studies for relevant d) Author’s notes issued on the subject. Apart from above if time permits you may read the text book for important topics like PGBP, Non-Resident, Transfer Pricing, Capital Gains etc.
How much importance should be given to case laws?
Ans: The case laws decided by various courts are really important to understand the real intention of law but from the point of view of an exam oriented approach, the author suggests to focus only on those case laws which are published by the Board of Studies.
Are there some must to do topics to be covered or can one do selective study in direct taxes?
Ans: This paper is quiet comprehensive and needs practical approach to solve queries. A common sense approach combined with knowledge of law can give you the edge to attempt the paper at your best. Remember as compared to other papers in direct taxes the queries never repeat, thus every time you will find some new queries in the exam. Therefore your approach to such kind of paper can’t be based on just reading the suggested answers rather author suggests that you should follow flow-chart & tabular approach to revise the provisions for your reference. Remember before attempting a query please read it carefully, think which is the right section to be connected to the answer and then be straight and precise in writing the answer.
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CA Final Direct Tax Notes Study Tips and important topics
CA Final Direct Tax Notes Study Tips Important topics:
Profits & Gains of Business & Profession (PGBP), Capital Gains, Assessment Procedure (including appeals, revision, penalties, Income Tax Settlement Commission & Authority for Advance Ruling), Non-Resident, Transfer Pricing, Double Taxation Relief, Taxation of Trust, Companies, Firms jLLPs and of course Wealth Tax.
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