PAPER 3 - TAXATION ABC ANALYSIS MAY 24

- By CA Shubham Aggarwal [AIR 15 (CA Final); AIR 23 (CA Inter) & AIR 44 (CA Foundation)]

a) Past attempt exam weightage

Topic May-18 Nov-18 May-19 Nov-19 Nov-20 Jan-21 Jul-21 Dec-21 May-22 Nov-22 May-23 Nov-23
Income Tax Law
Basic Concepts 6 2 2 2 2 2 2 2 2 3 - -
Residence and Scope of total income 10 6 7 7 5 6 6 - 4 6 7 7
Incomes which do not form part of Total Income - 4 2 - 4 3 - 7 - 6 - -
Salaries 10 6 2 2 - 4 - 6 - 8 7 6
Income from House Property 3 7 8 2 2 6 6 6 - - 4 -
Profits and Gains of Business or profession 11 16 2 10 2 12 8 5 10 8 8 10
Capital Gains 10 6 8 6 7 2 10 12 8 - - 6
Income from other sources 6 4 4 4 2 7 - - 8 - - 7
Income of Other persons included in assessee's total income 5 5 - 5 6 - 9 4 4 4 6 1
Aggregation of income, set-off and carry forward of losses - 5 10 5 8 3 5 - 4 4 - 3
Deductions from Gross Total Income 2 2 2 2 2 2 2 2 4 3 6 5
Computation of Total income and Tax Payable - 5 - 2 - - - - - 7 -
Advance Tax, TDS and introduction to TCS - 7 9 11 9 8 8 8 6 10 7 11
Provisions for filling return of income and self assessment 16 4 4 4 9 4 4 8 10 8 8 4

Indirect Taxes
GST in India - An Introduction 8 2 - - 5 - - - 5 - - -
Supply under GST - 8 2 2 2 - 6 2 4 2 15 5
Charge of GST - 3 7 11 - 5 - 2 2 3 5 3
Place of Supply New Chapter in Syllabus
Exemptions from GST 3 3 4 2 6 5 5 3 - 2 4 4
Time of Supply 9 5 10 4 6 7 2 8 10 - - 2
Value of Supply
Input Tax Credit 4 7 2 2 7 4 8 4 9 10 2 8
Registration 12 16 9 5 4 10 10 9 5 9 3 5
Tax Invoice; Credit and Debit Notes 3 5 5 5 3 7 - 8 3 7 2 7
E-way Bill
Accounts and Records New Chapter in Syllabus
Payment of Tax 6 4 4 5 7 2 2 2 2 2 12 4
Tax deduction at source and tax collection at source New Chapter in Syllabus
Returns 10 2 - 7 3 3 10 5 3 8 - 5

b) ABC Categorisation

CATEGORY A (55 - 60 Marks) CATEGORY B (35 - 40 Marks) CATEGORY C (15 - 20 Marks)

• Income Tax • Income Tax • Income Tax

• Salaries • Income from House Property • Basic Concepts
• Profits and Gains of Business or Profession • Capital Gains • Incomes which do not form part of Total
• Deductions from Gross Total Income • Income from Other sources Income
• Advance Tax, Tax deduction at source and • Computation of Total income and Tax Payable
• Aggregation of income, set-off and carry
introduction to tax collection at source forward of losses • Income of Other persons included in
• Provisions for filling return of income and self assessee's total income
assessment
• Residence and Scope of total income • Indirect Taxes • Indirect Taxes
• Registration • GST in India - An Introduction
• Indirect Taxes • Charge of GST • Returns
• Supply under GST • Place of Supply • Tax Invoice; Credit and Debit Notes
• Exemptions from GST • Tax deduction at source and tax collection • Accounts and Records
• Input Tax Credit at source
• Time of Supply • E-Way Bill
• Value of Supply
• Payment of tax

c) Tips for preparation:

1. No need to draw proper format with scale and pencil when drawing any statement.
2. Make proper working notes wherever required. They also carry marks so don't ignore them.
3. Give a proper heading to any statement you draw like "Computation of Total Income of Mr. X for AY 24-25".
4. Attempt every question to the best of your knowledge. Even if you don't know 1-2 adjustments, do attempt the question the best you know.
5. GST is pretty easy and scoring so attempt it first. In case, you opt to attempt Income Tax first, attempt Q1 at last.