Students You will be added to dedicated telegram channel for the free IDT practice batch. WhatsApp me for it.
🔴 FINAL CALL FOR FREE CA FINAL IDT PRACTICE BATCH 🔴
🚀 Boost Your CA Final Preparation with CA Durgesh Singh Sir!* 🚀
Are you ready to ace your IDT exams? Join the renowned CA Durgesh Singh Sir’s IDT classes, available in both Hindi and English! 🌟
📅 *Hindi Batch:* https://youtube.com/playlist?list=PLIBDkNIfZVnOYbeBYAcwzkAX1KdND3hT3&si=lscPxe8ME28Sg7BS
📅 *English Batch:*
https://youtube.com/playlist?list=PLIBDkNIfZVnPkZ_rhGK3terRwLQ7Jc3_0&si=o5BrY7afl60enpPh
🔍 *Why Choose Us?*
•Completely Free of Cost in Just *50 hours*
•Comprehensive coverage of IDT concepts
•Quick concept revisions
•Practice batches with MCQs, RTPs, MTPs, and PYPs
•Coverage of all questions from study material, past exams, MTPs, and RTPs
📞 For more details, whatsapp us at 9867180004/9779430034 .
Let’s target a score of 70+ in your CA Final exams this November! 🎯
#CADurgeshSingh #IDTClasses #CAFinal #HindiBatch #EnglishBatch #ExamPreparation
🚀 Boost Your CA Final Preparation with CA Durgesh Singh Sir!* 🚀
Are you ready to ace your IDT exams? Join the renowned CA Durgesh Singh Sir’s IDT classes, available in both Hindi and English! 🌟
📅 *Hindi Batch:* https://youtube.com/playlist?list=PLIBDkNIfZVnOYbeBYAcwzkAX1KdND3hT3&si=lscPxe8ME28Sg7BS
📅 *English Batch:*
https://youtube.com/playlist?list=PLIBDkNIfZVnPkZ_rhGK3terRwLQ7Jc3_0&si=o5BrY7afl60enpPh
🔍 *Why Choose Us?*
•Completely Free of Cost in Just *50 hours*
•Comprehensive coverage of IDT concepts
•Quick concept revisions
•Practice batches with MCQs, RTPs, MTPs, and PYPs
•Coverage of all questions from study material, past exams, MTPs, and RTPs
📞 For more details, whatsapp us at 9867180004/9779430034 .
Let’s target a score of 70+ in your CA Final exams this November! 🎯
#CADurgeshSingh #IDTClasses #CAFinal #HindiBatch #EnglishBatch #ExamPreparation
Today 7/11/24 - immediately after Audit start with these topics ( They are almost sure to be there in the exam and are practical based). Try to cover Serial 1) to 5) should be covered today:
1) MAT ( Very likely for Nov 24) - Do one question on IND AS and one question which is normal MAT adjustments.
2) Comprehensive questions which are based on 115BAB/115BAA, 80JJAA, 80M. 2 questions.
3) Capital Gains :
a) 9B & 45(4)
b) CG amendments
c) Business Restructuring including slump sale.
4) Trust Tax . Directly do the practical questions don't waste time on theory.
Start with Exit Tax
Do other Practical questions.
Amendments on Trust .
5) one Question on Political party and electoral trust.
Tomorrow: 8/11/24 -
1) Equalization Levy - Do the Q.1 Spacecraft on EULA .
2) Transfer Pricing- Questions Nano Inc. Cost plus methods, Earth Ltd , Beta Ltd TNMM, APA - Rollback theory, Secondary Adj, Thin Capitalisation.
3)TDS & TCS .
4) case laws ( see the case laws folder and will share gist on the new additions)
1) MAT ( Very likely for Nov 24) - Do one question on IND AS and one question which is normal MAT adjustments.
2) Comprehensive questions which are based on 115BAB/115BAA, 80JJAA, 80M. 2 questions.
3) Capital Gains :
a) 9B & 45(4)
b) CG amendments
c) Business Restructuring including slump sale.
4) Trust Tax . Directly do the practical questions don't waste time on theory.
Start with Exit Tax
Do other Practical questions.
Amendments on Trust .
5) one Question on Political party and electoral trust.
Tomorrow: 8/11/24 -
1) Equalization Levy - Do the Q.1 Spacecraft on EULA .
2) Transfer Pricing- Questions Nano Inc. Cost plus methods, Earth Ltd , Beta Ltd TNMM, APA - Rollback theory, Secondary Adj, Thin Capitalisation.
3)TDS & TCS .
4) case laws ( see the case laws folder and will share gist on the new additions)
Will be sharing on NR Tax selection by tonight which you should try to do after the case laws. But try to follow the above sequence
Assessment, Appeals, Revision:
Updated Return
Sec 131 , 133A , 133B
Sec 147 to Sec 149
263 and 264. ( Do the case law on 263 above , it should be sufficient) .
Buy back Tax , Slump sale in CG
( Out of the above two one is expected ).
Black money directly do practicals .
Penalties will put up in the night.
Please note : KD sugar ( SC) judgement is a landmark judgement and hence very likely in the exam.
Updated Return
Sec 131 , 133A , 133B
Sec 147 to Sec 149
263 and 264. ( Do the case law on 263 above , it should be sufficient) .
Buy back Tax , Slump sale in CG
( Out of the above two one is expected ).
Black money directly do practicals .
Penalties will put up in the night.
Please note : KD sugar ( SC) judgement is a landmark judgement and hence very likely in the exam.
Three penalties reporting transaction failure :
1) 271G The penalty will be equal to 2% of the amount of each international transaction in case of failure to submit information u/s 92D.
2) Penalty Rs.1,00,000.
In case taxpayers fail to furnish the CA report as required under Section 92E within the due date, a penalty of Rs. 1,00,000 will be chargeable.
3) Penalty Rs.25,000 .
If any person fails to keep and maintain any such books of account and other documents as required by section-44A.
1) 271G The penalty will be equal to 2% of the amount of each international transaction in case of failure to submit information u/s 92D.
2) Penalty Rs.1,00,000.
In case taxpayers fail to furnish the CA report as required under Section 92E within the due date, a penalty of Rs. 1,00,000 will be chargeable.
3) Penalty Rs.25,000 .
If any person fails to keep and maintain any such books of account and other documents as required by section-44A.
https://www.youtube.com/live/K9R3xY_-a80?si=6g-ILpkN_WTWfxyy
Students from this one will come. If you have seen it earlier then it's fine ... Or go through it... Go at 1.75 speed or 1.5 speed , you will complete it in 15-20 mim.
Also do JDA 45(5A)
Students from this one will come. If you have seen it earlier then it's fine ... Or go through it... Go at 1.75 speed or 1.5 speed , you will complete it in 15-20 mim.
Also do JDA 45(5A)
YouTube
Life Insurance Premium (FA 23), Political party, Electoral Trust.
WhatsApp at 9867180004/9779430034
3 old case law on Appeals. One of which is expected.
Genpact & sap labs & Pepsi ...
Pepsi Ltd the Stay can be extended beyond 365 before the ITAT if a) the delay was not attributable because of assessee b) the asseessee has given co-operation in the proceedings.
SAP LAB is very important.
There is a screenshot I m sharing of ICDS Ltd (SC) .
Genpact & sap labs & Pepsi ...
Pepsi Ltd the Stay can be extended beyond 365 before the ITAT if a) the delay was not attributable because of assessee b) the asseessee has given co-operation in the proceedings.
SAP LAB is very important.
There is a screenshot I m sharing of ICDS Ltd (SC) .
Hello students. Those appearing for Nov 24 exams my best wishes .
IMPORTANT TIPS :
*A) For first 10 minutes to decide the order of the question to attempt:***
1) Read the descriptive Questions first (other than the compulsory question) in 10-12 minutes and select the best two questions that you would attempt first .
2) Read question 1 in 3- 5 minutes in which only focus on the first 3 lines (before adjustment) and last sentence of the question to know what exactly is targeted in Q.1 . Don't read the adjustment.
*B) In the 3 hours time* :
1) In the first hour target only the known *Descriptive* questions and try to write their answers properly. Provision, analysis and conclusion. You can extend the time by another 15 minutes depending upon the comfort with the multiple questions.
2) Then do the MCQs in the next 15-20 min ( don't touch descriptive case studies)
3) Target Question 1 if the question is manageable. Please note that after the effect of the adjustment write it's explanation below . The explanation should consist of provision written properly in one sentence. And the second sentence conclusion. Only 2 sentence. Not more than 3-4 lines. *After every adjustment and the explanation leave one line and then put up next adjustment*
4) Go through to the descriptive case studies section at the end . If time is the constraints then the best approach is to *read first* the main question at the end and then find out it's relevant explanation in the case studies. That way one would avoid unnecessary para .
Remember one thing that in the descriptive case studies out of 4 you will easily manage to get answer of 2 . It's other two will take time . One can switch over to the next case studies instead of involving one self in long drawn calculations at the end.
This is the ideal way to attempt maximum marks in DT. Students do struggle to complete the paper so a proper approach is must to complete the paper.
My best wishes to you all and my blessings for your success.
IMPORTANT TIPS :
*A) For first 10 minutes to decide the order of the question to attempt:***
1) Read the descriptive Questions first (other than the compulsory question) in 10-12 minutes and select the best two questions that you would attempt first .
2) Read question 1 in 3- 5 minutes in which only focus on the first 3 lines (before adjustment) and last sentence of the question to know what exactly is targeted in Q.1 . Don't read the adjustment.
*B) In the 3 hours time* :
1) In the first hour target only the known *Descriptive* questions and try to write their answers properly. Provision, analysis and conclusion. You can extend the time by another 15 minutes depending upon the comfort with the multiple questions.
2) Then do the MCQs in the next 15-20 min ( don't touch descriptive case studies)
3) Target Question 1 if the question is manageable. Please note that after the effect of the adjustment write it's explanation below . The explanation should consist of provision written properly in one sentence. And the second sentence conclusion. Only 2 sentence. Not more than 3-4 lines. *After every adjustment and the explanation leave one line and then put up next adjustment*
4) Go through to the descriptive case studies section at the end . If time is the constraints then the best approach is to *read first* the main question at the end and then find out it's relevant explanation in the case studies. That way one would avoid unnecessary para .
Remember one thing that in the descriptive case studies out of 4 you will easily manage to get answer of 2 . It's other two will take time . One can switch over to the next case studies instead of involving one self in long drawn calculations at the end.
This is the ideal way to attempt maximum marks in DT. Students do struggle to complete the paper so a proper approach is must to complete the paper.
My best wishes to you all and my blessings for your success.
Forwarded from Final DT By CA DURGESH SINGH
Dear Students, First of all heartiest congratulations to all the students who have become CA or have cleared any of the group. It's indeed a milestone in your educational journey before you embark on your Professional Journey.
At the same time for those who couldn't make it this time , my heart goes to all these candidates as I know the difficult time that you are going through. Many of the students may not be in a position to evaluate what has gone wrong or how much is enough to see it through. My humble suggestion would be to let this time cool down a bit before you engage in the process of evaluation.
At the same time there are concerns about the amendments in Tax law that would be applicable for May 25 attempt, I shall release a quick video from the same in the first week of January.
What is clear from the results that Audit and IDT , IBS papers were the casualty this time around. ICAI has gone in depth to target the area which is covered in the most intrinsic manner in their study modules. I would suggest that students consider once their conceptual clarity on the subject and avoid skipping any topics.
Based on the last 14 hours constant engagement with the students here is what I shall be coming up with :
DT & IDT Fast Track ( Complete ICAI module based ) - This will be in English. DT start date will be on 3rd Jan. and IDT from 15th Jan. Both Live and Recorded options will be available. This will be put up for a lower amount of fee as I understand many students cannot afford higher fees. More details will be released tomorrow evening. This is recommended for those students whose concept is weak and they lack proper application of the provision.
Chart Revision LDR from March for DT and IDT . This will be a free class and will be put up on YouTube.
Students please remember, Success isn't always linear and unexpected results can sometimes be a stepping stone towards a greater achievement.
At the same time for those who couldn't make it this time , my heart goes to all these candidates as I know the difficult time that you are going through. Many of the students may not be in a position to evaluate what has gone wrong or how much is enough to see it through. My humble suggestion would be to let this time cool down a bit before you engage in the process of evaluation.
At the same time there are concerns about the amendments in Tax law that would be applicable for May 25 attempt, I shall release a quick video from the same in the first week of January.
What is clear from the results that Audit and IDT , IBS papers were the casualty this time around. ICAI has gone in depth to target the area which is covered in the most intrinsic manner in their study modules. I would suggest that students consider once their conceptual clarity on the subject and avoid skipping any topics.
Based on the last 14 hours constant engagement with the students here is what I shall be coming up with :
DT & IDT Fast Track ( Complete ICAI module based ) - This will be in English. DT start date will be on 3rd Jan. and IDT from 15th Jan. Both Live and Recorded options will be available. This will be put up for a lower amount of fee as I understand many students cannot afford higher fees. More details will be released tomorrow evening. This is recommended for those students whose concept is weak and they lack proper application of the provision.
Chart Revision LDR from March for DT and IDT . This will be a free class and will be put up on YouTube.
Students please remember, Success isn't always linear and unexpected results can sometimes be a stepping stone towards a greater achievement.
Happy New Year to all of you students. Tomorrow we start with our first amendment class at 8AM . I will start with Capital Gains tomorrow. We will keep the NEW ICAI module as our base for the amendments. I would request you all to immediately complete all Questions and Answers of the module of that topic immediately after the amendment class. That way you all will get confidence on the topic and will match ahead step by step.
Students Amendment lecture in Hindi will do tomorrow morning at 8.15AM.