#1
26th November 2014, 02:56 PM
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How to Prepare Excise and Taxation Exam
Will you please tell me that how can I prepare for Excise and Taxation Exam?
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#2
26th November 2014, 03:25 PM
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Re: How to Prepare Excise and Taxation Exam
As you want to know that preparation for Excise and Taxation Exam so here I am giving you some tips for doing preparation: You should maintain a time table for doing studies. You should solve last year question papers. You should do revision again and again. You should do study according to pattern of exam. You should do study according to syllabus. I am giving you syllabus for this exam: 1) English Language Proficiency -- 25 Questions This section is designed to test the language abilities and understanding of English grammar. Questions are asked mainly from the following categories. Verb Adverb Error Correction Comprehension Answering questions based on Unseen Passages Vocabulary Synonyms Antonyms Spellings One word substitution etc. 2) General Knowledge -- 25 Questions This section is checks whether the candidate keep himself/herself up to date with the world around them. Questions are asked mainly from the following categories. History, culture, geography of Punjab Current Affairs (National and Punjab) Major Financial/Economic News Who's Who Appointments Sports Books and Authors Awards and Honours Science - Inventions and Discoveries Abbreviations Important Days International and National Organisations 3) Mental Ability -- 50 Questions This section usually tries to test the reasoning abilities and mental aptitude of the candidate. Questions are asked mainly from the following categories. VERBAL Number Series Alphabet Series Test of Direction Sense Coding-Decoding Number Ranking Arithmetical Reasoning Problem on Age Calculation Blood Relations Analogy Decision Making Syllogism etc. NON-VERBAL Non Verbal Series Mirror Images Cubes and Dice Grouping Identical Figures Embedded Figures etc 4) Mathematical Skills -- 50 Questions This section tests the quantitative and mathematical skills of the candidate. Questions are asked mainly from the following categories. Number System HCF, LCM Simplification Decimal Fractions Ratio and Proportions Unitary Method Percentage Time Speed and Distance Time and Work Profit and Loss Average Simple and Compound Interest Mensuration (2D and 3D) etc. |
#3
11th May 2015, 09:28 AM
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Re: How to Prepare Excise and Taxation Exam
Will you give me tips for preparation of the Excise and Taxation Exam as I want to appear in Excise and Taxation Exam ?
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#4
11th May 2015, 09:28 AM
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Re: How to Prepare Excise and Taxation Exam
As you want I am here providing you tips for preparation of the Excise and Taxation Examination. Tips for preparation: Make schedule for study Collect material . Take syllabus and read it. Take Advice from experts Solve last year paper. Attend mock test. You can join coaching classes. Syllabus For Income Tax Inspectors Examination:- Paper I : Income Tax Law & Computation Duration : 3 hours Max. Marks : 150 (A) Income Tax (B) Wealth Tax Paper II : BOOK – KEEPNG Duration : 2 hours Max. Marks : 100 1. Fundamentals: i. Definition of Accounting ii. Functions of Accounting iii. Necessity of Accounting 2. Accounting Principles i. Concepts & Conventions ii. Cash and Mercantile Systems 3. Fundamentals of Double Entry System – General Principles. 4. Accounting Cycle or Process – Journalisation and Ledgerisation. Recording transaction in subsidiary books – Posting of Ledger 5. Accounting of Bank transactions, bill transactions, preparation of bank reconciliation statements. 6. Capital and Revenue expenditure, receipts and payments and income and expenditure accounts 7. Preparation of Trial Balance, Errors disclosed by Trial Balance and errors not disclosed by Trial Balance – rectification of errors 8. Preparation of final accounts i.e. manufacturing, trading and profit and loss accounts and balance sheet. PAPER – III : ALLIED LAWS Duration : 2 hours Max. Marks : 100 1. Transfer of Property Act 2. Indian Registration Act 1908 (XVI of 1908) 3. Court fees Act, 1870 (VII of 1870) 4. Indian Stamp Act, 1889 (IIA of 1889) 5. Indian Succession Act, 1925 (XXXIX of 1925) 6. Indian Trusts Act 7. Hindu Law : Mullah’s Hindu Law 8. Civil Procedure Code 9. Right to Information Act Paper IV : Office Procedure (Income-tax) Duration : 2 hours Max. Marks : 100 (i) Registers prescribed for an Income Tax Office, their use purposes. (ii) Procedure regarding issue of notices, including summons, under different sections of the Income Tax Act, 1961 (iii) In-depth understanding of procedures of collection and Recovery of Taxes under the Income Tax Act, 1961 (iv) Procedure regarding granting of refunds. (v) Periodical statistical reports. (vi) Expenditure and Revenue Budget. (vii) In-depth understanding of procedures of search & seizure & survey under the Income Tax Act. (viii) Procedure regarding A appeals and Revision. (ix) Internal Audit & Revenue Audit. (x) Central action plan & scrutiny guidelines issued by the CBDT from time to time relevant to the financial year immediately preceding the financial year in which the examination is being conducted. (xi) Procedure for reopening assessments under the Income Tax Act. And Wealth Tax Act. (xii) Time limitations for finalization if assessments and penalty proceedings under the Income Tax Act and wealth Act. (xiii) Procedure regarding write-off of Taxes. Paper No. V : HINDI (Subjective type ) Duration : 1 hours Max. Marks : 50 |
#5
11th May 2015, 12:28 PM
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Re: How to Prepare Excise and Taxation Exam
Tips for preparation: Make schedule for study Collect material . Take syllabus and read it. Take Advice from experts Solve last year paper. Attend mock test. You can join coaching classes. |