Saturday, September 3, 2011

It's not tough, it is just different

Here is the article given by Saurabh Agarwal



Bas issi umeed me jiye chale jaa rahe hai ki whatever happens is for good only, besides it there is nothing to count upon in life.


A normal quote in mind of every CA student including me. We start CA with lots of passion, and dedication, which remains till intermediate level and then it slowly and gradually diminishes to such an extent that no one is interested in finals.

There are quite lots of factors contributing to this, some of them which I felt are as follows:


1.      The Pressure

One of the biggest de-motivating factor for a CA student is pressure. An oceanic course and trendy single digit results, along with Articleship tenure and simultaneous coaching; recent amendments and uncertainty of examination pattern making it further difficult to handle things. And above all we all know about the word SCALING for which there is never ending debate. But the fact is ICAI has gone mad this attempt, they itself are not certain about what to do.

The direct effect to of such huge results (which is mainly due to their political reasons) is showing on campus placements. The day is not far when a MBA from local college would say to join with him on 1-1.5 lakh p.a.


2.     The expectations

May be not for all but those excluded are surely 3-5%. The second worst nightmare for CA students is the level of expectations. And this all because of huge name and dignity with respect which is attached to the words CHARTERED ACCOUNTANT. Ask any people, if get to know that you are pursuing or is a CA, he/she will surely show some respect to it. But these guys don’t know the level of our sufferings.

Most of the newly passed CA’s are confused whether to join MNC or work independently. Although many wants to work independently but moratorium period of 4-5 years is just unbearable. Again if any student is willing to take such risk, the family enters into scenario, who wants to have earning member too quickly.

Again, as for me also, biggest problem is faced by students having family business going on for long. Sometimes we are forced to join it, sometime we are made free, sometimes, we are informed to do self practice (till then they will fund), and sometimes they order us to go for MNC package.

No one asks what we want in reality. We want to go for self practice; they say that our daily transactional cash flow equals your yearly income. If we want to go for job, they say that who will handle this business. And sometimes they itself asks for going into professional field as big MNC will ruin business in near future.

People expect that now we are CA, we must know EVERYTHING. And the reality only we know. Client come and say save our tax, we don’t want to tax, at the same time they want to give our fees. Their argument is what work we are doing against such a fees. They don’t see the application of mind (which no one can see actually).


3.      The final decision

After all above if anyone becomes a CA, he gets into actual trouble. He/she would certainly thought about the person who said that go for this course, you only have to struggle for 4 years (till we clear). There is nothing like that after doing CA we are free. Reality while pursuing the course, we people are so moulded that nothing in this world looks more troubled. At that time we are masters of handling problems, and tragedies, etc.

Doing CA opens up so many fields in itself which one start is a never ending counting. Every one of us has thoughts to do something but at the same time had a fear that is this right one for me?



Who are We

Our tuitions are our colleges.
Our workplace is our campus
Our clients are our bunks.
Our outstation audits are our college trips.
Our boss is our raggers.
We live in isolation and simulated world designed especially for man machine in the field of finance.



Saurabh Agarwal

Emotions of CA - Not in Any Act....

Here is the poem which I came across while surfing, it is shared by Hitesh Batra.


c.a. not kind of a easy food,

its kind of a sharp knife,


the begining of c.a. in our life,


its just a start being long way to survive




in c.a. we just have to concentrate


whether we love whether we hate


there is no hope there is no faith


we just keep on track no back just straight




its a river


its kind of a wall


we just keep jump over them


without a fall,




those fell


there life kind of a hell


those who clear


everytime they got a new fear




fear of preparation


fear of affectionation


fear of other n us,


fear of loosing focus,




people who near of us,


they keep motivate us,


there is no hope for luck,


its like a hell where we _uck,


not even know who got our paper of exams,


in which mood he/she is while checking answer sheet of our exams,




why we embarres, why we regret,


why we b like a animal,why we dancing like a pet,


its not like a horse races where we can bet,


its like a achivement to which we have to met,




moral of the story


moral of the lecture,


we are animals of seprate catagory,


c.a. is like a adventure,

gunman is unknown,

institute is our jungle,


we just live a part


without a fumble,




its a huge struggle to live in our cource,


people keep ask "can u paas in c.a. cource"


we have no answer this kind of a questions


we knows only,at that time how we control our emotions,




plz dont ask,


plz dont say,


let us struggle


its a long way.,


its a long way.,


its a long way.,


its a long way.,....




c.a. students are just like a gold,more they melt in hot temprature they'l come with a purity...


purity of experience,


purity of courage,


purity of intellectual,


purity of coverage...




cheers for our strugglefull live,


where we just have to survive........

Friday, September 2, 2011

Super Summary of Taxation with enhanced format and with amendment relevent to IPCC - November 2011 examination by Bhavin Pathak

Here is the Super Summary of Taxation with enhanced format and with amendment relevent to November 2011 examination by Bhavin Pathak.

Download link: http://www.caclubindia.com/forum/files_download.asp?msg_id=819866

Download courtesy: CaClubIndia




My Tips-My Tricks-My Rank - Taxation

Here is the article given by All India 4th Ranker in IPCC on how to study the subject TAX.


PREPARATION-


1.Notes are a strict requirement . Make a separate notebook and write down various section numbers along with its provision. It will be a boon for you at the time of revision coz you wont need to get back to the book at all.

2. It would be preferable if you can memorise the section numbers. No matter what people say but the truth is it boosts your score. But quote a section number only and only if you are 200% sure about it. Wrong section number can prove fatal to your answer.
3.Better not go for digging into too many questions at this level. Solve the scanner, institute's module and selected questions from a reference book (use Girish Ahuja or V.K Singhania's book).This will be more than enough. Scanner is a must.
4.Keep on revising the sections. Tax is a very slippery subject. Can slip from your mind as well as your marksheet anytime. So needs regular revision. Develop an interest , you will find the journey beautiful.
5.Use only institute's material for Indirect Tax part. Learn the theory word by word and just paste it in your answer sheets. Its very easy and scoring at the same time.
Answer sheet-
THEORY ANSWERS
1.Start with theory answers. Hope your handwritings are legible .(Handwriting need not be beautiful but decent).You might get confused in practical part if you start with it coz of nervousness. So start with some theory till your nerves settle coz its a boiling hot exam environment. Try to present the answer point wise.
2.Stretching and Shrinking-Many times in theory answers we  don't have much to write but try and learn the trick to adjusting the answer according to the marks allotted. Suppose a question is for 4 marks having just a 2 line answer. The evaluator also knows this fact but even if you write only those two lines the  he might give you just 2 or 2.5 marks. So learn how to stretch and shrink an answer giving no scope to the evaluator.
PRACTIAL ANSWERS- 
1.Solve it neatly. Working notes must be clear - as clear as possible. No need of decoration but cleanliness is always preferred.
2.Try and solve 100 marks paper. The evaluator is in a completely different mindset when he sees a 100% solved answer sheet. Possibility of failing is almost washed away.
PROVISIONS- MY REASON OF SCORING 87.
The practical questions designed by ICAI have high probability to make us fall into trap. Its tricky and even the best of the best don't get 100% correct solution on most occasions.
In Practical answers--if you have time then mention the provision along with the section number in working notes. It will work wonders. Even if your solution is 50% wrong your provisions can fetch you 90% marks. It works and it works wonders. Because the teacher is assured that the students has the knowledge.
I did it in each of my answers. I was so scared of it working but we all have the result in front of us. So give it your best shot. Good luck.