Strategy Stage III Tax Management

Rule No 1 This paper is combo of Stage 1 and Stage 2 Tax papers. You need to cover both the papers now simaltaneously

Rule No 2 Start with Indirect Tax. DO SSI, SEZ, Duty Drawback, Refund First.
Then do valuations for Excise, Custom and Sales Tax
Then do Classification in Excise.
Now come to Dates and Threshold limits for Service Tax.
Procedures and Forms are also Important
If you have time see powers and penalties though i will advise you to leave it.

Rule No 3 Do Wealth Tax as before

Rule No 5 Start Income Tax with Deductions , Exemptions us Sec 10, All Rebates under HRA, Leave Encashment, Leases and whatever can be done for salary planning. Please also do deductions in House Property , Capital Gains .

Now See PGBP, Clubbing, Set Off Carry Forward and Income Other Sources.


Summary: So you have done all what you did in Stage 1+ Stage 2 in inter . Just that you need to do both now . Strategy is to do in steps as above. What comes first is more Important.

Most Important: Indirect Tax should have more emphasis.
Second: The Inter Books are good enough though edition should be recent
Third : Do not buy books suggested called Tax Management. Repeat . Thi is crucial. Call me on 9717639014 if still groping in dark.