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Preparation Strategy For International Taxation In CA Final

  • 29 Jun 2022

If you have reached this article, that certainly means you are a serious CA aspirant aiming to crack the CA final examination. We have brought together expert advice from reliable sources to help youthrough any CA Final Elective that you decide to go ahead with.

For applicants who have completed their articleship in taxation, the subject of international taxation is viewed as a good option. One advantage of selecting this elective is that it will allow you to complete half of your preparation for the next exam. While the optional exam is the sixth, the CA final paper is Direct Tax and International Taxation, so it's practically like shooting two birds with one stone.

The main concern that CA applicants discuss is a lack of time for revision for the Direct Tax paper, which costs them a lot of points. However, if International Taxation is chosen as elective 6, 35-40% of the curriculum will have already been covered in the prior paper. This allows them to get a leg up on the competition.

  • The International Taxation paper is both easy and difficult because it is written in an open book format.
  • Students are allowed to bring their notes, books, and study materials into the examination hall, as the name implies. However, that does not make attempting this paper any less difficult.
  • Students are expected to study the situation described in the question, grasp the issues, take notes on the facts, reference books to have a thorough understanding of the law, and then respond to the question by recommending the best feasible solution to the problem.
  • To help you search more efficiently throughout the examination, use easy-to-find tags and bookmarks for your notes and study material.
  • Technical terminology is very important. Keep your answers sharp and crisp, point to point. Do not write the same answer in different ways just to make it lengthy.
  • Underline keywords and organizeanswers in the same way that they are organized in the ICAI solutions.
  • One method to demonstrate your understanding and application of theory to the real world is to use current business scenarios.
  • The way you present yourself leaves a lasting impression. While it is critical to answer correctly, how you present yourself is equally critical. Making a favorable impression by structuring your responses into sections with headlines and highlighting significant parts of the answer
  • Linking facts from the case study to existing laws, identifying any changes, will demonstrate your understanding to the examiner.
  • The quality of your answers and the strength of your arguments will improve if you have the correct materials with you and know what to look for, guaranteeing that you get a good grade.
  • The ICAI material is highly recommended and considered the best in terms of preparation. In an open case study format, it is important that one goes through the mock test papers and last years’ case studies to prepare well.
  • You should also not forget to make notes while going ahead to learn each chapter. It helps to keep important things in the mind. Moreover, taxation is regarded as the vast subject. You cannot read everything going with a first reading.