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Direct Tax

17

23

5.00 out of 5

The way of students is tough. Word "Taxation" is more frightful to a student than to a taxpayer. A reference by any person to any "Case law" or "Section" is enough to create some diffidence in the student. The complex nature of Tax Laws make the task even tougher for students who not only have to understand it but also have to apply it in a given situation.


Even though the most widely interpreted subject of "Taxation" is compendious and complex in nature, learning the same is not difficult and half of the battle with the subject is won if the student approaches the study with a positive frame of mind.

It is with this approach that we conduct our classes.

 

There are two types of taxes in India – direct and indirect.

A direct tax is a tax you pay on your income directly to the government. Indirect tax is a tax that restaurants, theatres and e-commerce websites charge you on for goods or a service. This tax is, in turn, passed down to the government. Indirect taxes take many forms: service tax on restaurant bills and movie tickets, value added tax or VAT on goods such as clothes and electronics.
Goods and services tax, which has recently been introduced is a unified tax that has replaced all the indirect taxes that business owners have to deal with.

learn now
GST

12

23

5.00 out of 5

The way of students is tough. Word "Taxation" is more frightful to a student than to a taxpayer. A reference by any person to any "Case law" or "Section" is enough to create some diffidence in the student. The complex nature of Tax Laws make the task even tougher for students who not only have to understand it but also have to apply it in a given situation.


Even though the most widely interpreted subject of "Taxation" is compendious and complex in nature, learning the same is not difficult and half of the battle with the subject is won if the student approaches the study with a positive frame of mind.

It is with this approach that we conduct our classes.

 

There are two types of taxes in India – direct and indirect.

A direct tax is a tax you pay on your income directly to the government. Indirect tax is a tax that restaurants, theatres and e-commerce websites charge you on for goods or a service. This tax is, in turn, passed down to the government. Indirect taxes take many forms: service tax on restaurant bills and movie tickets, value added tax or VAT on goods such as clothes and electronics.
Goods and services tax, which has recently been introduced is a unified tax that has replaced all the indirect taxes that business owners have to deal with.

learn now
GST AMENDMENTS CLASSES

1

23

5.00 out of 5

GST AMENDMENTS classes are applicable for Students appearing for  CA Intermediate, CS Executive & CMA Intermediate exams on Nov/Dec 2018.

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Cost and Management Accounting

16

23

5.00 out of 5

The subject ‘Cost and Management Accounting’ is very important and useful for optimum utilisation of existing resources. These are branches of accounting and had been developed due to limitations of financial accounting. It is an indispensable discipline for corporate management, as the information collected and presented to management based on cost and management accounting techniques helps management to solve not only specific problems but also guides them in decision making. Keeping in view the importance of this subject, various topics on Cost and Management Accounting have been prescribed in the syllabus of CS Executive Programme with the objective of acquainting the students with the basic concepts used in cost accounting and management accounting having a bearing on managerial decision-making..

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GST ONLINE CLASSES

13

23

5.00 out of 5

CA-INTERMEDIATE GST CLASSES (ONLINE)

The way of students is tough. Word "Taxation" is more frightful to a student than to a taxpayer. A reference by any person to any "Case law" or "Section" is enough to create some diffidence in the student. The complex nature of Tax Laws make the task even tougher for students who not only have to understand it but also have to apply it in a given situation.


Even though the most widely interpreted subject of "Taxation" is compendious and complex in nature, learning the same is not difficult and half of the battle with the subject is won if the student approaches the study with a positive frame of mind.

It is with this approach that we conduct our classes.

learn now
TAXATION

28

23

5.00 out of 5

The way of students is tough. Word "Taxation" is more frightful to a student than to a taxpayer. A reference by any person to any "Case law" or "Section" is enough to create some diffidence in the student. The complex nature of Tax Laws make the task even tougher for students who not only have to understand it but also have to apply it in a given situation.


Even though the most widely interpreted subject of "Taxation" is compendious and complex in nature, learning the same is not difficult and half of the battle with the subject is won if the student approaches the study with a positive frame of mind.

It is with this approach that we conduct our classes.

 

There are two types of taxes in India – direct and indirect.

A direct tax is a tax you pay on your income directly to the government. Indirect tax is a tax that restaurants, theatres and e-commerce websites charge you on for goods or a service. This tax is, in turn, passed down to the government. Indirect taxes take many forms: service tax on restaurant bills and movie tickets, value added tax or VAT on goods such as clothes and electronics.
Goods and services tax, which has recently been introduced is a unified tax that has replaced all the indirect taxes that business owners have to deal with.

learn now
INCOME TAX FOR B.COM

15

23

5.00 out of 5

The way of students is tough. Word "Taxation" is more frightful to a student than to a taxpayer. A reference by any person to any "Case law" or "Section" is enough to create some diffidence in the student. The complex nature of Tax Laws make the task even tougher for students who not only have to understand it but also have to apply it in a given situation.


Even though the most widely interpreted subject of "Taxation" is compendious and complex in nature, learning the same is not difficult and half of the battle with the subject is won if the student approaches the study with a positive frame of mind.

It is with this approach that we conduct our classes.

 

There are two types of taxes in India – direct and indirect.

A direct tax is a tax you pay on your income directly to the government. Indirect tax is a tax that restaurants, theatres and e-commerce websites charge you on for goods or a service. This tax is, in turn, passed down to the government. Indirect taxes take many forms: service tax on restaurant bills and movie tickets, value added tax or VAT on goods such as clothes and electronics.
Goods and services tax, which has recently been introduced is a unified tax that has replaced all the indirect taxes that business owners have to deal with.

learn now

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CA vs MBA

During one of my interaction sessions with students, someone asked the following question:

 

What do u think of chartered accountant career in terms of rewards it carry? Kindly suggest

This is what I answered: CA is a good and rewarding career although, like in medicine, building a practice from scratch takes time. Of course, there is the option of working for someone else -- CAs are in demand in the industry like never before. 
KPOs, equity analysis and accounting firms employ a lot of CAs at very good salaries. But remember, it can be a very boring profession if you don't like working with numbers. So don't make a choice based only on the job potential!

 

The ABCD of CA :

Ask most engineers why they did a BE and they'll tell you: "That's what all bright students who opt for science do... unless they want to do medicine."

 

The situation is something similar with CA. "That's what all bright commerce students do... unless they want to do MBA." Of course, the situation is a bit different. Even those doing the CA may eventually top it off with an MBA.

 

The difference between the CA and MBA is a bit like the difference between a five day test match and one day cricket. Acquiring a CA takes a lot of plodding and perseverance; at the end of the day, a result may prove inconclusive.

The MBA, like one day cricket, is quick, glamorous and performers get faster recognition as stars.

 

In case of CA and MBA, both may join the same companies, but their job profiles would be completely distinct. This is not to say that one job is 'superior' to the other.

 

The fact is that, starting as a CA -– practically -- you can expect to climb up the ladder upto the CFO position. While an MBA's career path could -- in theory – you may lead upto CEO. There can be notable exceptions but, generally, this holds true.

 

Why MBAs are preferred

The reason is simple: being CEO is about vision and leadership. This would require you -- at times -- to take a leap of faith, even when the numbers are against you. For example, you diversify into a new area of business. This may mean investing a lot of money, literally burning cash in the initial phase. It may look very bad on the balance sheet for a while, but there is a gameplan and eventually it pays off.

 

MBAs are exposed to all aspects of the business -- their role is to take a bird's eye view of the organisation. On the other hand, CAs are trained to look at the eye of the fish. And they do a damn good job of it.

 

But should a CA decide to throw down his accounting and auditing arrow and don a different hat, it is not easy. The mobility into general management and consulting that comes with an MBA from a premier institute is missing for CAs. Even though the CA has battled equally hard; a rank holder in particular would be one among several thousand aspirants.

 

Overall, it appears that MBAs score when it comes to communication skills, presentation and customer orientation. The 'soft skills' so crucial for success in today's corporate world.

 

The bottomline is that certain jobs are purely in the CA domain: Statutory & Regulatory compliance, Consolidations, Taxation, International Accounting (GAAP), Internal Audit, Systems Audit, Transaction Advisory -- to name a few.

 

Other profiles are available to both CAs and MBAs: MIS, Budgeting forecasting, Business Planning, Equity Research, Treasury, Investment Banking, Mergers and Acquisitions, Portfolio management, Fund management, Sector Analysis.

 

However, these are diversified roles. Many employers prefer to hire MBAs from premier institutes for these roles, as it is felt they are more equipped to provide insight and analysis.

 

Does a CA + MBA combination provide an extra edge? Well, it never hurts to have a double degree but there's no sure fire formula to become a finance whizkid. An engineer + MBA or a B Com with a degree from a top 10 institute stands an equal chance!

 

So, how do you decide?

 

Reasons to do a CA include:

 

1. Dad owns a CA firm, it makes sense to join the business

2. Professional qualification chahiye. CA is a good one -- nothing stops you from doing an MBA later.

3. You genuinely like accounting. It's what you've always dreamt of doing in life. As few 17 or 18 year olds know what they want in life.

 

Reason 3 is rare. But Reasons 1 and 2 are perfectly valid.

 

If lucky, you may find that you enjoy the subjects and become an excellent CA. If not so lucky but smart, you may not like what you study but still become a competent CA. If neither smart nor lucky, you will probably remain a frustrated 'trying to clear my CA' student.

 

The perception is that the CA success story is 'all or nothing'. Either you clear the exam  -- rather, three different exams -- or you get left behind. Whereas, in the case of an MBA, while only a few make it to the top 10 institutes, there is always the hope of the next 10 and then the next 10.

 

However, things are changing on that front. In the recent past passing percentage has risen dramatically. 'Gone are the days when the pass rates were 2-3 percent. Now, if you consider both groups at the final level, these are at 25-35 percent. In a single group, it is often as high as 30 percent.

 

The basic problem

ICAI can shout itself hoarse over the great new career opportunities a CA degree brings -- and rightly so. It can hope to attract some of the very bright students who become CAs first and MBAs later. 

The very nature of the profession -- exacting, detailed and dealing with numbers will put off many students. And there is nothing that anyone can do about it.

That is all I meant when I made my original statement -- that CA can be a boring profession. That does not imply that all those who become CAs are either bored -- or boring.

But just like you can't become a doctor if you faint at the sight of blood, you can't become a CA if you are unable to make sense of numbers.

 

touch them if you want to

learn from the best

Jassprit S Johar
Chartered Accountant
Subject- Taxation

JASSPRIT S Johar is fellow Member of "Institute of Chartered Accountants of India" having qualified in May 2004. He has had a bright academic career and has completed his graduation from "Guru Gobind Singh College of Commerce", Delh

CS Amit Vohra
Company Secretary
Subject- Corporate & Other Laws

Amit Vohra, B.Com (H) is an Associate Member of the Institute of Company Secretaries of India (ICSI) and a Law Graduate.

CA Sunil Keswani
Chartered Accountant
Subject- Costing, MA & FM

Sunil Keswani is a Fellow Member of “Institute of Chartered Accountants of India”. He is a first class commerce graduate from prestigious Delhi University. He completed the Master of Financial Analysis Program from “The ICFAI Universi