Friday, March 27, 2009

CA PCC - Inputs for exams - Paper 5 – Income Tax, Service Tax & VAT

Hi Frenz,

I'm just putting down the points that my friend Poonam followed for the CA - PCC exams. The books referred in the note below need not necessarily be followed. You can always follow other books.


Paper 5 – Income Tax, Service Tax & VAT


1. The pattern of the question paper is as follows

a. Income Tax (75 marks)

i. State with reasons – True/False – 5x2=10marks (5 out of 6)
ii. 20 marks
iii. 15 marks
iv. 14 marks
v. 4x4=16 marks (4 out of 5)

b. Service Tax, VAT (25 marks)

i. 5x2=10 marks (5 out of 6)
ii. 3x2=6 marks
iii. 3x3=9marks (3 out of 4)


2. Padhuka publications book will suffice for exams both probs & theory. The book has Fast Track Referencer (FTR). It is very good for revision. And get the latest book, i.e the A.Y applicable for your exam.

3. Please focus on recent amendments as many questions will be based on recent amendments. Get the supplementary material from the institute for this purpose.

4. If you have attended the class, please go through the class notes first and then read the book.

5. Please go through the RTP prescribed for your attempt, as sometimes the exam problem is one of the RTP questions.

6. Your answer to the problem should include as many working notes as possible including assumptions.

7. Theory covers more than 25 marks in IT & 12 marks in ST, VAT. Theory are of 2 types.

i. Direct Theory – give relevant points and precise answers
ii. Application oriented – answer as follows

a. The facts of the case
b. The provisions of the law
c. Analysis of the case
d. Conclusion

8. Time will be a constraint so plan your time well in advance

9. Keep practising the problems during your preparations. It will give you momentum and will let you know which problem will take how much time in exams.

10. There is no compulsion to remember the section nos. You will not lose any mark for not quoting the Sections

11. Try to go through the past question papers and the feel of the type of questions asked in the exams.

12. Read the provisions deeply because the questions will be very tricky.

13. Do not leave any topic as the paper will cover the entire syllabus and almost no choices

14. In Padhuka book – Chapter 15 – Taxation of individuals – 20 marks problems are given. Practice them as the exam problem will be on similar lines.

Further Suggestions / Inputs / Comments are invited.

Thank You

3 comments:

ram said...

can i get the latest cs laws for may 10

suraj said...

pls provide all amendments in income tax for May pcc Exam

dileep said...
This comment has been removed by the author.