In CA IPCC Paper 4 is of Taxation. Paper 4 of IPCC Taxation is divided in to two parts. Part I is of Income Tax which contain 50 Marks while Part II is of Indirect Tax which contain 50 Marks. For CA IPCC Student Paper 4 Taxation is proven a scoring subject as many students have obtained more than 95 marks in subject. Before starting how to prepare for CA IPCC paper 4 Taxation let me explained rough idea about both parts of subject part I as well as part II
Part I is of Introductory type in which from basic subject like what is Income, what is Assessment year and what is Previous year, Rate applicable for particular applicable A.Y., Residential status, and very lengthy income from five heads along with deduction and set off, Advance tax liability, TDS , and lastly provision for filling of Income tax return has been covered. while in
Part II Introduction of Excise duty, Custom duty, CST, VAT, and basic concept of levy of tax, taxable event and other relevant provisions have covered. Along with that significant portion of service tax has been covered in IPCC.
If you observed detailed syllabus than you will definitely feel that part I is too big than part II with equal distribution of marks. Now let me move to my main topic How to prepare for CA IPCC Paper 4 Taxation?
If you have joined coaching for CA IPCC than you are suppose to study this subject from materials provided by your coaching institute but along with you don't forget to have a practice from Institute's Practice Manual. If you had not joined any coaching for you CA IPCC than no need to worry Institute's study materials along with practice manual will be sufficient for scoring more than 80 marks,
Study Tips
- Whenever you preparing for your subject keep a book with you in which you pointed out all summary point in a such a way that by reading just such summary point you can recall entire provision.
- Majority of student refers Singhania's book on Income tax this book is very good with beautiful example on completion of provision with sum for exercise, but on the reverse side it is too much lengthy to complete a day before examination, at this time your summary book will be useful to you.
- Another reference book that CA IPCC student refers for Taxation is T.N. Manoharan. which book is a point to point provision explained along with superb presentation and diagram or graph whenever is required.
- While you start preparing Income Tax start reading from starting eve though you are having primary knowledge of subject.
- Start preparing summary book from starting without failing.
- Some days before staring of examination institute issued RTP ( Revision Test Paper ) which contain some important sums, and another booklet named Supplimentary which contains amendments applicable for particular examination.
- It is found that in every May month examination institute ask from amendments for at least 30 to 40 Marks.
- Over here it is also importantly to be noted that they are so many times CA Institute asking sums from module or practice manual, even institute not bother to change name of party or even figure too.
- Last but not least prepare yourself in such way and in such manner so nothing can be escaped and you score more than 80 marks.
The above details are based on my personal experience. If you are having any questions or suggestions than please write below in comment box.And if you like this article than please like our
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All the best for your examinaiton
