Hello Future Chartered Accountant 👋
Believe you all are in good health.
This article will cover all required materials, classes, and notes to score good marks in the CA Intermediate(New) Taxation subject of Group 1.
Read: CA INTERMEDIATE(NEW) SYLLABUS NOV/DEC 2021
👀CA Intermediate(NEW) Taxation consists of 2 sections.
- Section A: Income Tax Law and covers 10 chapters (60 marks)
- Section B: Indirect Taxes and covers 10 chapters. (40 marks)
Taxation subject carries 100 marks.
30 marks allocated as MCQs and the rest 70 marks as a subjective format.
SECTION A: INCOME TAX LAWS has 3 modules
| Module I | Module II | Module III |
|---|---|---|
| Basic Concepts | Heads of Income | Income of Other Persons included in Assessee’s Total Income |
| Residence and Scope of Total Income | I)Salaries | Aggregation of Income, Set-off, and Carry Forward of Losses |
| Incomes that do not form part of Total Income | II)Income from House Property | Deductions from Gross Total Income |
| III)Profits and Gains of Business or Profession | Computation of Total Income and Tax Payable | |
| IV)Capital Gains | Advance Tax, TDS,TCS | |
| V)Income from Other Sources | Provisions for filing Return of Income and Self-assessment |
SECTION B: INDIRECT TAXES has 2 modules
| Module I | Module II |
|---|---|
| GST in India - An Introduction | Input Tax Credit |
| Supply under GST | Registration |
| Charge of GST | Tax Invoice: Credit and Debit Notes; E-way Bill |
| Exemptions from GST | Payment of Tax |
| Time and Value of Supply | Returns |
💻Table of contents
✔MCQs
👉TAXATION STUDY MATERIAL: CA INTERMEDIATE NOV/DEC 2021
Though I am an ardent supporter of ICAI Study material this time I will suggest taking coaching centers materials.
The study material given here is of OCT 2020 edition and is applicable for Nov/Dec 2021 attempt.
💡SECTION A: INCOME TAX LAWS has 3 modules
💡SECTION B: INDIRECT TAXES has 2 modules
👉Taxation Classes: CA Intermediate(New) Nov/Dec 2021
💡SECTION A: INCOME TAX LAWS
| Chapter Name | Link |
|---|---|
| Tax Rates | Link |
| Residential Status | Link |
| Business Profession | Link |
| Capital Gains | Link |
| IFOS | Link |
| House Property | Link |
| Salaries | Link |
| Set off/ Carry Forward | Link |
| Clubbing Of Income | Link |
| Deduction | Link |
| TDS & TCS | Link |
Amendment Classes: Link
💡SECTION B: INDIRECT TAXES
| GST | CA Vishal Bhattad | J K Shah Classes |
💡SECTION A: INCOME TAXES
Statutory update for Nov 2021: https://resource.cdn.icai.org/65079bos52349.pdf
💡SECTION B: INDIRECT TAXES
Statutory update for Nov 2021: https://resource.cdn.icai.org/65879bos52142a.pdf
Study Guidelines for Nov 2021: https://resource.cdn.icai.org/64852bos52113.pdf
👉Marks Weightage: Taxation Subject CA Intermediate Nov/Dec 2021
💡SECTION A: INCOME TAXES (60 MARKS)
| Section | Chapter | Weightage |
|---|---|---|
| I | Basic Concepts | 15%-20% |
| Residential status & scope of total income | ||
| II | Income which does not form part of the income | 25%-30% |
| Heads of Income | ||
| i) Salaries | ||
| ii) Income from house property | ||
| iii)PGBP | ||
| iv)Capital Gains | ||
| v)Income from other sources | ||
| III | Income from other persons | 15%-20% |
| Aggregation of income set off, carry forward | ||
| Deductions | ||
| IV | Total Income & Tax liability | 15%-20% |
| V | Advance Tax, TDS,TCS | 15%-20% |
| Provision of Income Tax return |
💡SECTION B: INDIRECT TAXES (40 MARKS)
| Section | Chapter | Weightage |
|---|---|---|
| I | Levy & Collection of GST | 50%-80% |
| Time & Value of supply | ||
| Input Tax credit | ||
| Computation of GST liability | ||
| II | Registration | 25%-40% |
| Tax invoice, Debit note, Credit note | ||
| Returns | ||
| Payment of Tax | ||
| III | Concept of indirect taxes | 0-5% |
| GST laws |
👉RTP & MTP: TAXATION Subject CA Intermediate Nov/Dec 2021
RTP & MTP are important papers for the preparation of exams. RTP & MTP gives a format to present your answers and what ICAI expects from students.
💡 MTP
| SERIES I | QUESTIONS | ANSWERS |
| SERIES II | QUESTIONS | ANSWERS |
👉MCQs: TAXATION Subject CA Intermediate Nov/Dec 2021
MCQs come from the syllabus. You need not purchase additional books for the preparation of this part. ICAI published the MCQs booklet.
👉Suggested Answers: TAXATION Subject CA Intermediate Nov/Dec 2021
Attempt previous questions papers to test your concepts and exams preparations.
👉Revision: TAXATION Subject CA Intermediate Nov/Dec 2021
Revise the subject as much as you can. The number of revisions differs from person to person. Ideally, revise the subject up to three times.
ICAI published a reference for quick revision.
Link: quick revision
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 NOV/DEC 2021 GROUP 1: PAPER 4 TAXATION){kind=link}
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