FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Score 75 + Marks CA – Final Passing Percentage

CA Final DT & IDT 1st Group 2nd Group Both Group
By CA Farooq Haque May – 15 11.41 % 16.54 % 8.26 %
Nov - 14 23.41 % 10.26 % 8.23 %
May - 14 13.50 % 10.66 % 7.29 %
Nov - 13 5.67 % 7.35 % 3.11%
May - 13 13.79 % 18.65 % 10.03%

Is the course too VAST ??

Why So Many Students
Fail ??? Are the subject too DIFFICULT ??

YEAH… YEAH… YEAH… !!!

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Question yourself To know answer to all these question

Did I understand each concept clearly ?? We Analysed Past 10 exam papers.

1. ABC Analysis
Am I able to write properly & correctly ??
A = 35% Portion 65% Marks
Is my answer clear & understandable ??
B = 35% Portion 25% Marks
Do I know what valuer / Examiner expects ???
C = 30% Portion 10% Marks

2. Nature of Question
3. Topic wise
Practical Approach • Marks Distribution &
• Nature of Question
Presentation
Case study
Language
Theory 4. Study Plan
Expression

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Paper
How to Score Checker
75+ Marks in Examiner
= Human Being
DT & IDT
Good Looks = Good Marks

Nature of Question How to answer?

Practical 1. PRACTICAL QUESTIONS

1. Detailed Stepwise Working
Case Study 2. Clean Presentation
3. Working Notes and Assumptions
Theory (Subjective, Advice) 4. Section Numbers and Name of Case

Theory (Objective)

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

How to answer?
How to answer?
2. CASE STUDY QUESTIONS
1. LAW: Sections involved in the case 3. THEORY QUESTIONS
2. FACTS: explain the facts clearly 1. SUBJECTIVE: Section number, Important words,
3. DISCUSSION: Application of law to the facts. proper explanation, case law.
4. CASE LAW: Refer to relevant case law 2. OBJECTIVE: give correct & short reason
5. CONCLUSION: Give your decision on the 3. ADVICE: give advice after explaining the
case. State different views where there are sections
divergent case laws

Category ‘A’
CHAPTER TOTAL MARKS
IN 10 EXAMS
PGBP 208
DT – ANALYSIS Assessment of various entities 179
Assessment Procedure 112
Capital Gain 93
Topic wise Collection and Recovery of Tax 75
Income which do not form part of total
income 58

TOTAL = 725

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Category ‘B’ Category ‘B’

CHAPTER TOTAL MARKS CHAPTER TOTAL MARKS

IN 10 EXAMS IN 10 EXAMS

Double Taxation Relief Clubbing of Income 22

40
Settlement of Cases 19
Income from other sources 37
Appeals and Revisions 19
Transfer Pricing 37 Basic Concept 18
Deduction from Gross Total Income 31 Income Tax Authorities 18
Penalties 23 TOTAL = 264

Category ‘C’ Category ‘C’

CHAPTER TOTAL MARKS CHAPTER TOTAL MARKS
IN 10 EXAMS IN 10 EXAMS
Income from Salary 17 Foreign Collaboration 8
Advance Ruling 17 Income from House Property 4
Residence and Scope of Total Income 15 Taxation of E-Commerce Transaction 4
Set-off and Carry Forward of losses 13 Tax Planning and Ethics in Taxation 0
Miscellaneous Provisions 13 Business Restructuring 0
Inter-Relationship between Offences and Prosecution 0
accounting and taxation 10
TOTAL = 101

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

% MARKS

9.20%

24.20% DT – Analysis
66.60 Nature of Question
%
A B C

Nature of Question
Practical
Nature of Question
Nov ‘10 = 61 May ‘13 = 66
Practical May ‘11 = 31 Nov ‘13 = 25

Nov ‘11 = 54 May ‘14 = 50

Case Study
May ‘12 = 39 Nov ‘14 = 50
Theory (Subjective)
Nov ‘12 = 48 May ‘15 = 49

Theory (Objective) TOTAL = 473

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Nature of Question Nature of Question

Case Study Theory (Subjective)
Nov ‘10 = 15 May ‘13 = 22 Nov ‘10 = 34 May ‘13 = 14

May ‘11 = 13 Nov ‘13 = 44 May ‘11 = 61 Nov ‘13 = 41

Nov ‘11 = 37 May ‘14 = 36 Nov ‘11 = 10 May ‘14 = 24

May ‘12 = 35 Nov ‘14 = 54 May ‘12 = 36 Nov ‘14 =0

Nov ‘12 = 13 May ‘15 = 48 Nov ‘12 = 40 May ‘15 =5

TOTAL = 317 TOTAL = 265

Nature of Question SUMMARY

Theory (Objective) NATURE OF TOTAL % Marks
QUESN. 60%

Nov ‘10 =0 May ‘13 =8 43%

Practical 473 50%

May ‘11 Nov ‘13 29%

=5 =0 40%
24%
Case Study 317
30%

Nov ‘11 =9 May ‘14 =0

Theory 20%
265 3%
May ‘12 =0 Nov ‘14 =0 (Subjective) 10%

Theory 35 0%

Nov ‘12 =9 May ‘15 =4 0 1 2 3 4 5

(Objective) -10%

TOTAL = 35 TOTAL = 1090

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

PRACTICAL TOPICS PRACTICAL TOPICS

Double Taxation Relief 24

PGBP 129
Clubbing of Income 14
Assmt. of various entities 123
Income from other sources 12
Capital Gains 60
Set-off and carry forward of
Collection & Recovery of Tax 34 Marks losses 10 Marks

Exempt Incomes 26 Income from Salaries 9

Deduction from GTI 24 Foreign Collaboration 8

0 100 200 0 5 10 15 20 25 30

CASE STUDY TOPICS CASE STUDY TOPICS

Assessment Procedure 86 Transfer Pricing 12

PGBP 36 Exempt Incomes 8
Assmnt of Various Entities 28 Capital Gains 8
Collection and Recovery… 28 Clubbing of Income 8
Basic Concept 18
Marks Advance Ruling 7
Income Tax Authorities 18 Residence and Scope of TI 4
Income from Other Sources 17 Marks
Double Taxation Relief 4
Settlement of Tax Cases 15
Appeals and Revisions 4
Penalties 13
Set-off & Carry Forward of… 3
0 20 40 60 80 100
0 5 10 15

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

THEORY (Subjective) THEORY (Subjective)

TOPICS TOPICS
PGBP 43
Double Taxation Relief 12
Assessment of Various Entities 28
Appeals and Revisions 12
Capital Gains 25
Residence and Scope of TI 11
Exempt Incomes 24
Advance Ruling 10
Transfer Pricing 21
Collection & Recovery of Tax 9
Assessment Procedure 17
Income from Salaries 8 Marks
Miscellaneous Provisions 13
Deductions from GTI 7
0 10 20 30 40 50
0 5 10 15
Marks

THEORY (Subjective) THEORY (Objective)

TOPICS TOPICS
Penalties 12 Assessment Procedure 9
Inter-Relationship between… 6
Income from House Property 4
Penalties 5
Income from Other Sources 4
Income from Other Sources 4 Marks
Inter-relationship between… 4 Transfer Pricing 4
Taxation of E-Commerce… 4 Collection & Recovery of Tax 4
Marks
Settlement of Tax Cases 4 Appeals and Revisions 3

0 5 10 15 0 5 10

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Service Tax – Analysis

(Nov 14 & May 15)
TOTAL MARKS IN 2

IDT – Analysis CHAPTER

Calculation of Service Tax
EXAMS

26
Service TAX Negative List 16

Excise Duty Place of Provision of Service 12

Penalties 12
Custom Duty
Mega Exemption 8
Common Topics
CENVAT Credit rules, 2004 8
Service Tax Rules, 1994 8

Service Tax – Analysis Excise Duty – Analysis

(Nov 14 & May 15) (Nov 14 & May 15)
TOTAL MARKS IN 2 TOTAL MARKS IN 2
CHAPTER EXAMS CHAPTER EXAMS

Point of taxation Rules, 2011 6 Central Excise Rules, 2002 22

Consideration 4 Transaction Value u/s 4 13
Abatement 4
CENVAT Credit rules, 2004 10
SSI Exemption 9
TOTAL = 104
Types of Excise Duties 4

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Excise Duty – Analysis Custom Duty – Analysis

(Nov 14 & May 15) (Nov 14 & May 15)
TOTAL MARKS IN 2 TOTAL MARKS IN 2
CHAPTER EXAMS CHAPTER EXAMS
Levy, Assessment, Remission & Valuation 20
Audit and Scrutiny 4
Foreign Trade Policy 14
Introduction to Central Excise 0
Definition 8
Classification of excisable goods 0 Drawback of Duty 8
Penalties and Confiscation 8

TOTAL = 62 Introduction and types of customs duties 2

Custom Duty – Analysis Common Topics –

(Nov 14 & May 15) (Nov 14 & May 15)
TOTAL MARKS IN 2 TOTAL MARKS IN 2
CHAPTER EXAMS CHAPTER EXAMS

Officers of customs 0 Settlement Commission 4

Import Export Procedure
Goods In Transhipment
Warehousing in customs
Special Provision
0 Appeals and Revision 4
0 4
Demand
0 2
Advance Ruling
0 0
Penalties

TOTAL = 60 TOTAL = 14

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Nature of Question
IDT – Analysis Practical

Case Study
Nature of Question
Theory (Subjective)

Theory (Objective)

Nature of Question Nature of Question

Practical Case Study

Nov 10 = 37 May 13 = 29 Nov 10 = 18 May 13 = 30

May 11 = 20 Nov 13 = 20 May 11 = 30 Nov 13 = 18

Nov 11 = 20 May 14 = 23 Nov 11 = 30 May 14 = 33

May 12 = 27 Nov 14 = 36 May 12 = 12 Nov 14 = 20

Nov 12 = 15 May 15 = 68 Nov 12 = 29 May 15 = 16

TOTAL = 295 TOTAL = 236

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Nature of Question Nature of Question

Theory (Subjective) Theory (Objective)
Nov 10 = 50 May 13 = 39 Nov 10 =4 May 13 =9
May 11 = 52 Nov 13 = 69 May 11 =6 Nov 13 =3
Nov 11 = 51 May 14 = 50 Nov 11 =6 May 14 =0
May 12 = 63 Nov 14 = 64 May 12 =6 Nov 14 =0
Nov 12 = 60 May 15 = 28 Nov 12 =3 May 15 =8

TOTAL = 526 TOTAL = 45

SUMMARY STUDY PLAN

(Number of Hours)
NATURE OF TOTAL % Marks Service Common
QUESN. 60% 48% tax Excise Customs topics
Practical 295 50%

40%
27% Regular 50 40 30 15
Case Study 236 21%
30%

Theory 20%
Self study 50 40 30 20
526 4%
(Subjective) 10%
Revision 15 15 10 5
Theory 45 0%
0 1 2 3 4 5

(Objective) -10%
Total 115 95 70 40

TOTAL = 1103 Grand Total 320

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

How To Start ? FAST TRACK BATCH

1. READ: each word as if a question will be asked Available on DVD / USB
on that word
2. UNDERSTAND: the apparent and the hidden LECTURES NOTES
meanings (interpretation) 1. 50 Hours each 1. Practical Questions
3. REMEMBER: by relating to practical real life 2. All topics covered 2. Amendments & Case Laws
situations 3. Concept based 3. Theory, Charts, Tables.
4. WRITE: as if you are Shakespeare of TAX. 4. Crisp logics
All important words
•
5. Exam oriented
• Beautiful composition of content
• Flow of language FTB = 3,999/- each. Combo (DT + IDT)= 7,499/-
• Never be wrong

Last Minute Revision

1. 10 hours each
Topics Covered: 2. Most important points
3. Latest RTP
Theory: in the form of charts

Case Studies: Questions based on all recent case laws with FEES
suggested answers Face to Face = 1,000/- for both.
DVD = 1,200/-
Practical Questions: Questions framed covering almost all USB = 1,500/-
adjustments under various chapters
(free with FT or Regular batch)

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Theory
Theory CHARTS
CHARTS

Practical Questions : Practical Questions :

Adjustments Adjustments

P&L Account Debit Amount Adjustment P&L Account Debit Amount Adjustment
Interest Paid
Interest 30,000 +30,000
Outside India
u/s 40(a)(i)
Without TDS
 To Proprietor 16,000 +16,000
Interest in India
To Bank/Institution 35,000 +35,000
 On Share 40,000 +40,000 not Paid Till due u/s 43B
Capital Date of Filing ROI

 On Partners +6,000 [Exceeding Interest Paid in +9,000

18,000 30,000
Capital @18% 12 % U/S40(b)] India Without TDS 30% u/s 40(a)(ia)

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FAROOQ HAQUE CLASSES CA FINAL DT & IDT PAPER ANALYSIS

Practical & Theory

Questions Case Study Questions
• Questions and suggested answers covering all Q). What is the nature of expenditure incurred on glow-sign
boards displayed at dealer outlets - capital or revenue?
adjustments integrated with
CIT v. Orient Ceramics and Industries Ltd. (2013) (Delhi)

Law:
 Latest amendments  As per section 37, any expenditure of Revenue in nature is
allowed as deduction in computing income chargeable under the
 Case laws head Profits and Gains of Business or Profession

 Past exam questions Facts:

 The assessee has incurred the expenditure with the object of
facilitating the business operation
 Classroom discussions

Discussion:
 On this issue, the Delhi High Court noted the following
observations of the Punjab and Haryana High Court in CIT v.
Liberty Group Marketing Division [2009], while holding that such
expenditure was revenue in nature -
(i) The glow sign board is not an asset of permanent nature. It
Wish you
has a short life.
(ii) The materials used in the glow sign boards decay with the
effect of weather and requires frequent replacement. Hence the
expenditure is regular in nature.
All the Best !
(iii)The object was not to acquire a capital asset.

Conclusion:
 Hence such expenditure is of Revenue in nature.

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