Direct Tax - How to score good marks in CA Final Direct Tax
How to get an exemption in CA Final DT
How to pass in CA Final DT
How to study for CA Final DT
Direct Tax Laws and International Taxation Laws
Source – Bhanwar Borana Sir’s Compact and his Compiler. Past 2 attempts RTP & MTP.
Approach-
1. See Bhanwar Borana Sir’s revision video for your applicable attempt. If not available for a particular topic, search for that topic in his past attempt videos. His amendment video and notes are also nice. His revision videos are a game changer if you use them nicely.
2. His Compact and Compiler book are more than enough for scoring an exemption in DTL. After watching the revision video for 2+ times, you will get the idea of whole concept. As compact is already very concise, it is recommended not to leave any topic from it. Focus more on format/calculation-based topic on which an 8+ marks question can come. Before starting any topic, first learn the amendment in that particular topic and then the rest of topic.
3. Once you have learnt from Compact, try solving all the questions from Compiler for testing your knowledge. In my view, both books are made in such a way that what did not get cover in Compact due to its conciseness got cover in Compiler by way of questions. Try to do the questions on the same day. Never leave them for next day. Mark the important or unique questions for last day revision. Try to draw the format of all type of calculation-based solutions in topics like trust, PGBP. There are good chances that in exams you will know the solution of an adjustment but may not remember where it is supposed to be placed in the overall answer.
4. If you can remember the section number then well and good. If not then don’t fret over it and just leave it. For case laws, Bhanwar sir has this one liner summary pdf available on his website. Learning name of case laws is very difficult and has a very low- cost benefit ratio. Just try to learn the crux of important case laws.
5. In DT especially it is very important to understand that topics where the chances of going wrong is very high or you messing with different sections like interest calculation or time limits (in Assessment and like topics). Better to leave them. Topics which can be a maze for you (for students who have not worked in DT in articleship), this is highly advisable. CA Final course is so big that you should be clear about what you are going to leave. You don’t have to fight every battle. There are lots of topics where marks can be scored.
6. For theoretical topics where you are short of time or its hard to remember till exam day like assessment, appeals and similar ones. Focus on compiler questions. Chances of questions being repeated from there is very high.
7. If you are planning to leave any topic then at least hear the revision video of that topic and learn the question which has come from that topic in RTP & MTP.
8. Covering the last few attempts amendments is extremely important. Better make a checklist of it and mark the topics on last day as and when they are revised. If you miss revising anyone on last day, you are inviting trouble.
9. Go for past 2 attempts RTPs and MTPs. Prefer watching a Youtube video where a faculty is solving these contents (ICAI Faculty also shares these videos nowadays). RTPs generally have tricky questions which if solved first by oneself, may lead to loss of confidence and drain a lot of time. It’s better to learn it to approach in Institute’s way. ICAI updates these contents without issuing corrigendum so stick to ICAI’s website pdf every time. Don’t rely on old pdf and printouts.
10. You might now revise and appear for a mock test. Some people advocate multiple revisions. I had 2 at best. I prefer a detailed study rather than multiple light doses.