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- VITAL - 09-23-2010
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by zahid 13456</i>
<br />1.senior is the student of mod E in the institution from where i have done my mod b and also tax teacher of 'SKANS Institution ' said that whole mod c is on 'RATTA' (he is ACA).
2.numerical type question like 'computation of tax income and tax liability of members' and 'sales tax liability computation'(l have seen in past paper spring 2010)
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
1. SKANS of which city??
and can you name that teacher?
2. Synopsis and K Petiwala are the books from where you should practice.
For any subject of CA, past papers are essential.
One more thing
Use proper terminology and write correct English.
You wrote, "tax income".
"Taxable income" is correct.
- VITAL - 09-24-2010
This is what expected from untrained teaching faculty. A Chartered Accountant may have all the technical skills and knowledge to provide professional services to his employers and clients but it does not mean that he is good educator. ICAP should ensure that all RAETs have properly trained teaching faculty to provide quality education to students.
A good educator always discourages cramming and rote learning because it impairs creativity, verbal reasoning and logical thinking.
Yes, a student needs to memorize different sections. For example, sections relating to tax credits and different percentages and amounts involved in those sections should be in the mind but it does not mean that there is no need to develop an understanding of those sections. ICAP tests your understanding of the subject by setting scenario-based questions. I don't think anyone can find questions in past papers which require students to write a note on tax credits. In fact, ICAP examiner will test your knowledge about tax credits as part of computation of tax liability of tax payers. So you need to practice questions to develop an understanding of the subject rather than finish your job by memorizing different sections.
You need to develop strong interpretation skills for subjects involving Laws and for it you need to develop good reading skills.
Secondly, ICAP waives the requirement of taking coaching classes from different RAETs. The purpose behind this action is to attract students of smaller cities, not to allow others to imply that CA can be done by sitting at home and by cramming all the recommended books.
My teacher said, "Brain is the hardware while mind is the software installed in it". Without software any hardware is inoperative and useless. Some people got that hardware but no software.
Examples of such people are those who say financial accounting and BCBS are ratta.
ICAP has policy of open book examinations for financial accounting and I don't know what people want to cram in BCBS.
One of examiner's comments (BCBS) which I found extremely useful is
It appears that the students learn by rote the basic explanations and concepts enunciated in the recommended Text Books without developing any insight in the rationale underlying these concepts and their applications. More intensive preparations leading to better understanding of the important concepts are essential for a good grasp of the subject.
- zahid 13456 - 09-25-2010
1.he teaches in skanz,C.A campus,lahore and it would not be better to disclose his name here.
- zahid 13456 - 09-25-2010
is there any publisher who publishes tax solved past paper?(PAC past papers are not available in market)
- VITAL - 09-26-2010
Zahid
There are two teachers in SKANS Lahore that teach Taxation.
One of them is Sir Adnan Rauf. He is truly professional, a real full-time teacher of SKANS. He did his training with A F Ferguson. He does not give these types of suggestions to his students.
The other one is Sir .... He is a carefree person. He is a partner in a small firm and did his training with Deloitte.
I do not think there are completely solved past papers for the Tax subject. Some solutions of recent exams are available from ICAP website.
Both books contain various questions and answers and they are enough for practice.
- zahid 13456 - 09-26-2010
now for spring 2011 attempt,only one of those teachers (you mentioned above) is teaching taxation.
- zahid 13456 - 09-26-2010
i have started studying income tax ordinance from
chapter 1 Preliminary
but teacher started from
chapter 5 central concepts
In what way should i study ordinance chapters, should i use teacher's way or as stated in ICAP's syllabus?
- VITAL - 09-26-2010
Start from the heads of income
First learn to determine total income, taxable income and tax liability.
These include exemptions, loses, deductions, tax credits etc.
This is the most important part of the subject.
After this, learn the theoretical portion which includes returns, assessments, authorities etc.
- Mahtab - 09-28-2010
AOA
Zahid
"is there any publisher who publishes tax solved past paper?(PAC past papers are not available in market)"
PAC is now available in Market
and you can visit ICAP's website for Suggested Solution of Tax
also visit website of ICMAP for Examiners Comments for Tax etc.
- wmahmooood - 10-27-2010
I think this might be of some help for you guys
http//www.online-home-jobs.com/2402.html