How to pass taxation exam ( Free Live Video ) and Achieve Higher Score

If you are wondering how to crack CA INTER Taxation, this comprehensive guide will tell you everything you need to know to crack CA INTER Taxation the first time.

Whether you're approaching taxation, are considering enrolling, or want to know how to re-enter, you should keep reading.

Before we begin, it is important to know that there are two parts of CA Inter Taxation – In Indian Paper ( ICAI Insititute ) Direct tax (Income tax) and Indirect tax (GST)


The Taxation course is designed to introduce you to the tax system and provide you with a core knowledge of the underlying principles and technical areas, and how it affects the activities of individuals and businesses.
The curriculum covers a range of different taxes that an accountant needs to have detailed knowledge of. This includes how to calculate tax liabilities, explain calculations, follow rules and create plans for businesses and individuals in a variety of scenarios.
Taxation is one of the applied skill topics within CA Inter and the skills learned here will underpin the later Strategic Professional Subject Advanced Taxation (if you choose it).
Hence building a strong foundation of knowledge is essential while studying for tax courses.
tax exam format

Applied Skills papers follow the same format. All of them are assessed by Computer Based Examinations (CBE) and after up to 10 minutes of reading the CBE instructions, you have a total of three hours to complete the exam. The passing marks like all other exams in CA INTER qualification is 50%.
Tax exam consists of three sections with all compulsory questions. Their breakdown is as follows:
• Section A consists of 15 Objective Test (OT) questions of 2 marks each for a total of 30 marks. These can come from any course area.
• Section B consists of 3 OT case scenarios consisting of 5 questions each carrying 2 marks, again for a total of 30 marks. Once again these can come from any course area.
This means that 60% of the paper can come from any topic of the syllabus, so failing to cover the entire syllabus can prove to be very costly in the exam.
Think about it, if you don't cover a topic that comes up as 5 separate questions in an OT case scenario, you already risk losing 10 marks - not the start you're going to get for the exam. want to do!
Section C is the Constructed Response section and consists of one 10 mark question and two 15 marks question. These questions involve a mixture of calculation, explanation and discussion, and will typically require application to a single scenario.
Get your free interactive study plan today to crack your exam. This plan not only tells you what to study each week, it also gives you a question to practice on each topic.
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Syllabus guide

As mentioned earlier, the aim of the taxation course is to develop knowledge and skills related to the tax system and to be able to apply these to individuals, individual companies and groups of companies.
To achieve this goal CA Inter outlines 6 core competencies that candidates should be able to possess on completion of this exam:
1. Explain the operation and scope of the tax system and the obligations of taxpayers and/or their agents and the implications of non-compliance.
2. Explain and calculate the impact of National Insurance Contribution (NIC) on income tax liabilities of individuals and employees, employers and self-employed.
3. Explain and calculate the benefits chargeable to individuals.
4. Explain and calculate the inheritance tax liabilities of individuals.
5. Explain and calculate corporation tax liabilities of individual companies and groups of companies.
6. Explain and calculate the effects of Value Added Tax on corporate and unincorporated businesses.
Here's the relational diagram showing how those fields join together:
Download the Complete Taxation Study & Syllabus Guide from CA Inter Global for an in-depth review.
You may also want to read CA INTER's bank of technical articles addressing course areas for taxation.
Taxation Exam Study Tips

#1 – Give yourself 12 weeks to prepare
The exam at the applied skill level requires a deep understanding of the material so that you can tailor your knowledge to different scenarios.
It not only requires a good understanding of theory, but also requires a huge amount of question practice to develop your application skills, so we recommend using the entire 12-week study cycle to prepare for it. Huh.

This allows you to follow our recommended study plan which includes 8 weeks of learning through material review and question rehearsals, giving you the complete curriculum as described above; and 4 weeks of our exam technique phase that focuses on exam and question practice through our mock exams, exam preparation resources, webinars and revision bootcamps.

Having this structured study will give you both a strong knowledge base and god exam techniques to give you the best chance of cracking the paper.

#2 – Cover the entire syllabus
The examiner indicates that the two 15 mark built response questions will be based around Income Tax and Corporation Tax, so you should make sure that you are particularly strong in these areas. These can also be included in OT questions.

However, Income Tax and Corporation Tax alone will not get you a pass, as the exam is all compulsory questions and Sections A and B, as well as a 10 mark question can come from any area of the Section C syllabus; Therefore it is necessary to have comprehensive knowledge for success.

So to give yourself the best chance you need to practice questions from full range of different subject areas, as it will give you the strongest base of knowledge to face any exam that day.

#3 - Don't ignore the OT

As we said above, OT is equivalent to 60% of this paper, so unless you get good marks in this area, it is impossible to pass. This style of questions requires a good understanding of the material and lots of practice questions.

Luckily, we have practice questions for each topic followed by the video where you can test your understanding. Even when you are practicing questions for a long time, make sure you understand the technical elements of the solutions as these can prepare for possible OT questions.

Always remember to read the OT requirements carefully and consider the format in which your answer is required, especially when calculations are involved. To replicate the exam experience, also try to practice OT questions and cases under time pressure.
#4 Practice Makes Perfect
There is no escape from the fact that the only way to understand the new concepts of Tax Syllabus is through question practice.
That's why it should be the cornerstone of your study - practice, practice, practice. This is the only way you will understand the underlying principles and technical areas of various taxes, and be able to apply them using critical information in the scenario.
Tax calculations often follow a pro-forma template, so it will make calculations easier if you can understand and master it. Good structure and layout will make it easy for the marker to see how a figure from the methodology fits into the main calculations.
In addition, always consider other information you need to communicate with the company, such as payment deadlines or penalties for late fees, possible waivers or reliefs that may be used, or any other planning considerations.
Don't get discouraged if it's difficult at first - remember, you learn more from your failures then from your successes, so even if you're struggling with a question, review the solutions, go back and review the material as needed. Do it, and then try again. He asks again to see if you understood what was needed. If you can continue to work through questions in this way, you will begin to develop a very good understanding of both the material and how it is examined.
#5 - Become a LearnSignal Member
LearnSignal is designed for accountants, by accountants. This is the tool our founders wanted them to have when they were studying.
And it really works. Our students grumble about us; We are CA Inter Gold Approved Learning Provider with thousands of students across the globe.
You can become a member by signing up for a monthly, quarterly or yearly plan to get access to everything you need to pass CA Inter Taxation and every other exam.
We cover the entire course with comprehensive in-depth, but specially designed content structured in an optimal way to help you cut. And we know that because we have a full team of global CA INTER experts and accountants, including professional examiners.

Learn what you get with a LearnSignal subscription in this article.
taxation test techniques

#1 - Practice time management
The exam is all compulsory questions, so planning the paper as a whole is important, and you need a time management system throughout. With a 3 hour paper, you have 180 minutes to complete the 100 mark paper - so you should spend 1.8 minutes for each mark. You should apply this system to each question, including OT, and break down long questions based on the marks available for each requirement.
This will ensure that you spend proportional time on a question relative to its value. Doing this ensures that you do not miss easy marks in each question, and you can give a good attempt at all the questions before your time runs out.
#2 - Read the requirements carefully before jumping into your answer
The most essential step in planning your answer is to read the requirement carefully and make sure you understand exactly what is being asked.
Take your time thinking of an approach and solution, then re-read the requirement to make sure your planned answer hits all the key points.
Often you will need to do tax calculations before you can access the deductible elements. If you start writing too early, or you may miss out on key points and marks before you've done the necessary calculations, so take the time to make sure you understand the context of the question and Correct knowledge has been applied. Remember, always answer the question asked.
Then from time management point of view for each individual question, divide what is required in each requirement and plan your time accordingly.
#3 Good layout and structure will help build numbers
Ensuring that you maintain a concise and professional structure to your answers will make your point clear to the examiner. To do this, you must be organized and take a systematic approach to answering the question. Consider proforma some tax calculations to make sure you're not missing out on anything. You should have built this skill during your question practice before the exam.
Planning will enable you to give logical, well thought-out and organized answers that cover all the important points. When making calculations, try to make them easy for the examiner, and include titles and explanations as needed.
To do this, you need to be comfortable with using CBE tools, so you should practice as much as possible using the CBE practice area on the LearnSignal website and try to learn CBE mocks. The more comfortable you are with word processors and spreadsheets, the better your answer will be visible to the examiner.
#4 Make sure you are applying your knowledge to the scenario
The key to this exam is knowing how to understand tax rules and calculations, not just how to execute them. It is also important to consider the given scenario and tax circumstances for the individual or company in the scenario, as this can affect the elements of the calculation and discussion.
The sentences you write should stay on topic and add value to your answer - don't waste time trying to provide additional information to show your knowledge that isn't related to the scenario or requirement. Furthermore, the examiner is not looking for general statements; They will be interested to see how you can use your tax knowledge from the course to identify important information that is relevant to answer the question.
what students say
To conclude, let's look at some points from the person you need to make the most of on exam day - the examiner!
Some of the key points he identified were:
“Read the requirement and all the case information very carefully. This goes for the entire exam, but no ot question is 'all or nothing' so it is important not to miss out on important details in a scenario. Cover the entire syllabus in your revision. Taxes have a huge course that can be tough. However, it is important to be prepared to answer questions from all areas of the curriculum and be able to apply your knowledge in a given scenario."
If you can avoid common mistakes, and follow the advice in this blog, you will have a good chance of passing your taxation exam!
You can watch our Tutor Exam Report Debrief video for more important points raised by the examiner.
Give your best chance to crack your upcoming CA Inter exam with a free interactive study plan that will guide and support you till exam day.
Subject: CA Inter

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