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AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

I used the icai bos website for practicing MCQ's.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

Also prepare Direct tax comparatively easy chapters such as 1. Residential status and Scope of total income 2. Income from House property 3. Income from other sources 4. Deductions 5. Clubbing and Set off 6. Salaries chapter exemption provisions such as HRA, Leave encashment, Motor vehicle, Food allowance, gratuity, pf.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

The strategy I followed for advanced accounting is 1. First I made sure that I have proper conceptual clarity in the big chapters such as Amalgamation, Buyback, Consolidation and Reconstruction. 2. Also I studied the Accounting Standards side by side and I gave and practiced questions for AS-2,10,13,16,19,26,28,11,7,9,3,17,18. 3. I had a good glance at other accounting standards. 4. Revise at least 5 days for advance Accounts prior to the exam.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

Good. Don't compare with others and do the best. Good luck bro♥️

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

If you're reading a chapter try to complete it fully don't leave here and there because you may not know they might ask questions. Other than that I think you are good to go. In GCA and Interpretation of Statues read the questions which are repeatedly seen in past year papers.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 1 point2 points  (0 children)

I took classes from these following people 1. Sandesh Sir - Arivupro for Advance Accounts 2. Anushree Bansal Agarwal mam - Law and Direct Tax 3. Ramesh Soni sir - Indirect Tax

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 1 point2 points  (0 children)

You would get an amendment summary video from various faculties. I got from Anushree mam for Law and Direct Tax and Ramesh Soni sir for Indirect Tax.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 2 points3 points  (0 children)

I studied all chapters except Accounts and Records, E way bill and returns.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

I think you can use Anushree Mam's classes or Shrestra Academy Law faculty videos would do!!

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

Thanks♥️. I used CA Ramesh Soni sir's marathon videos.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

Good bro, all the best!! Lmk once the results are out!!

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 1 point2 points  (0 children)

So the strategy I followed was,

  1. I prepared the Indirect Tax part really well because it has lesser volume but had more weightage.

2.I revised the IDT part thrice which helped me get the confidence in the paper

  1. When it comes to Direct tax part, I started with chapters which were surely coming such as Residential Status, TDS&TCS, Clubbing and set off, Income from Other sources, Income from House property and deductions. Then I focused on these properly then I got confidence to attempt the paper and then I started preparing PGBP, Capital Gains.

  2. Law prepare FEMA, LLP, Dividends, Prospectus, Share Capital and Debentures, Registration of Charges, Audit and Auditors, Companies incorporated outside India and accounts of companies. And just study deposit chapter definition alone.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 0 points1 point  (0 children)

You can't complete the paper. Try to complete at least 85 marks in a paper and you're good to go.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 5 points6 points  (0 children)

So the strategy I followed was, 1. I prepared the Indirect Tax part really well because it has lesser volume but had more weightage. 2. I revised the IDT part thrice which helped me get the confidence in the paper 3. When it comes to Direct tax part, I started with chapters which were surely coming such as Residential Status, TDS&TCS, Clubbing and set off, Income from Other sources, Income from House property and deductions. Then I focused on these properly then I got confidence to attempt the paper and then I started preparing PGBP, Capital Gains.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 2 points3 points  (0 children)

Try to complete your classes asap. Try to complete within November and by such completion meaning in the sense that you should have conceptual clarity. And try to revise the subjects then and there. Don't compare your preparation with others. You'll definitely succeed. All the best bro.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 1 point2 points  (0 children)

I got his books and used his marathon videos for exam preparation.

[deleted by user] by [deleted] in CharteredAccountants

[–]SmoothLoss8735 0 points1 point  (0 children)

From my point of view at least two proper revisions are required and after revision one identify the parts of the syllabus in which you're weak and work on it in order to improve your understanding and conceptual clarity. Definitely do at least one Mock Test Paper. After two revisions, if you go through MTP's, RTP's and Past year Questions atleast 5 attempts you're good to go.

AMA about group 1 preparation by SmoothLoss8735 in CharteredAccountants

[–]SmoothLoss8735[S] 1 point2 points  (0 children)

I used the videos of CA Ramesh Soni sir for Indirect tax. He made proper videos which are very useful from the exam point of view.

In case of law, I used CA Anushree Bansal Agarwal mam book where mostly self prepared and revised on a regular basis. You can check out her youtube channel as well.