04-16-2008, 11:14 PM
Dear Shahbaz,
In my B. Com. I was practicing this approach to memorize the law word to word with section references, for the papers of Income Tax, Wealth Tax etc. This helped me securing 80 percent marks in "TAXATION" from University of the Punjab at that stage and helped getting a position in the college.
However, with the passage of time, and by coming to the advanced stage, rather professional stage, I came to realize that it was never a good practice. Extreme of attention (even un-necessary one) on one subject can affect the preparation of other subjects and one must create a balance in his studies.
Therefore, throughout my CA, I never memorized any law word-to-word. Rather, I always got to understand the concepts and the factual intentions behind of the legislators in framing such laws and regulations. I always reproduced the things in my own words and this always helped me getting success.
Yes, there are certain things which we have to memorize. Section references are always very good to memorize and interpret. Exact penalties, tax rates, duties, time limits, due dates, and other such references have to be learnt and memorized.
I don't recommend Synopsis to students of CA. In my view one should read PETTIWALA's book on taxation. This is far better than Synopsis. I found so many glaring mistakes in Synopsis. However, it is always better to read the original approved text of law (along with short commentary, if it is possible). This can give more professional understanding than simply to treat with the examination papers.
I hope this can help you.
Regards,
KAMRAN.
In my B. Com. I was practicing this approach to memorize the law word to word with section references, for the papers of Income Tax, Wealth Tax etc. This helped me securing 80 percent marks in "TAXATION" from University of the Punjab at that stage and helped getting a position in the college.
However, with the passage of time, and by coming to the advanced stage, rather professional stage, I came to realize that it was never a good practice. Extreme of attention (even un-necessary one) on one subject can affect the preparation of other subjects and one must create a balance in his studies.
Therefore, throughout my CA, I never memorized any law word-to-word. Rather, I always got to understand the concepts and the factual intentions behind of the legislators in framing such laws and regulations. I always reproduced the things in my own words and this always helped me getting success.
Yes, there are certain things which we have to memorize. Section references are always very good to memorize and interpret. Exact penalties, tax rates, duties, time limits, due dates, and other such references have to be learnt and memorized.
I don't recommend Synopsis to students of CA. In my view one should read PETTIWALA's book on taxation. This is far better than Synopsis. I found so many glaring mistakes in Synopsis. However, it is always better to read the original approved text of law (along with short commentary, if it is possible). This can give more professional understanding than simply to treat with the examination papers.
I hope this can help you.
Regards,
KAMRAN.
