How to Prepare CS Executive Tax Laws and Practice. In previous post we have given CS Executive Tax Laws and Practice previous exams question papers. Today we are providing tips to prepare CS Executive Tax Laws and Practice. ICSI has given subject wise specific guidance to CS Executive students who are going to write CS Executive exam in June & Dec 2019. Read below !!
This CS Executive Tax Laws and Practice paper is being held in the Optical Mark Recognition (OMR) format, whereby students are required to answer multiple choice questions on OMR sheets by darkening the appropriate choice. One mark is awarded for each correct answer. There is no negative mark for incorrect answers.
This paper has been divided into two parts, namely Part A and B. Part-A has 70 per cent weightage and covers the provisions relating to Direct taxes, including Income-tax Act, International tax, and Wealth-tax. Part-B has 30 per cent weightage and includes the Service tax and VAT.
In this paper, students are expected to have working knowledge of the basic principles underlying the substantative provisions of income tax, wealth tax, service tax and value added tax so that, they are able to apply these laws in computation of income and taxation thereof. The subject of Tax Laws is subject to constant refinement through new primary legislations, rules and regulations made thereunder and court decisions on specific legal issues.
It therefore becomes necessary for every student to constantly update himself/herself with the various changes made and judicial pronouncements rendered from time to time.
CS Executive Tax Laws and Practice Important Preparation Points
The students appearing in this paper should keep following points in consideration.
1. Practice as many practical problems as possible
2. Understand theoretical concepts and apply these in practical
3. Practice filing the income tax Return, VAT return, service tax return under an expert guidance.
4. Refer the Direct Taxes and Indirect Taxes reckoner wherever
5. Update yourself about all the relevant circulars, clarifications,
notifications, etc. issued by the CBDT, CBEC & Central Government, on or before six months prior to the date of the respective examinations.
6. Keep yourself updated with the judicial pronouncements rendered by the Apex Court, High Court and Tribunals.
How to Prepare CS Executive Module – 1 and Module – 2
ICSI providing specific guidance on each subject in CS Executive programme. Click below links to read
Module – 1
Module – 2
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