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  #11  
Old Saturday, August 11, 2012
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Sir tell me one thing....in the income tax section they have asked to calculate the taxable income for a period ending june 2008...how did u solve this problem....i mean u must had gone through the tax slabs and tax rates of the tax year 2011-2012...n for this question u must have a knowledge regarding tax rates of 2008-2009...den how did u solve this question.....kindly rpl
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Old Monday, August 13, 2012
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plz somebody answer my query
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  #13  
Old Monday, August 13, 2012
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plz somebody answer my query
i wish i could answer, but i am still pondering over this subject to opt. for one thing, there are very few to guide us... keep going and hope for the best.
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Old Monday, August 13, 2012
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i wish i could answer, but i am still pondering over this subject to opt. for one thing, there are very few to guide us... keep going and hope for the best.
I do not know why you are confused to choose this subject
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  #15  
Old Monday, August 13, 2012
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Originally Posted by rushna khalil View Post
Sir tell me one thing....in the income tax section they have asked to calculate the taxable income for a period ending june 2008...how did u solve this problem....i mean u must had gone through the tax slabs and tax rates of the tax year 2011-2012...n for this question u must have a knowledge regarding tax rates of 2008-2009...den how did u solve this question.....kindly rpl
Calculation of taxable income do not require any tax rates. If examiner ask to calculate the income tax payble then reates are required. And examiner normaly asks about taxable income not income tax payable. If he would ask to calculate income tax payable then he will ask about recent year. I.e CE-2013 then tax year ending 2012. Further queries are welcome.
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Old Monday, August 13, 2012
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I do not know why you are confused to choose this subject
I am confused, because from where should i start...i.e., i studies these books in my academic years..
Principle of Accounting by meigs and meigs
Advance Accounting by M.A Ghani
Cost Accounting (7th Edition) by Adolph Matz, Phd, Milton F.usry, PHD, CPA
Auditing by Professor Dr. khuwaja Amjad Saeed.
Taxation by Muhammad muazzam Mughal.
My Question is that are these book are sufficient and what chapters should i have to prepare from these book.
another question is that is there any manual of these books are available...
Bro sirfraz and others kindly help in this regard.
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  #17  
Old Monday, August 13, 2012
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Quote:
Originally Posted by Ahmed Faisal View Post
I am confused, because from where should i start...i.e., i studies these books in my academic years..
Principle of Accounting by meigs and meigs
Advance Accounting by M.A Ghani
Cost Accounting (7th Edition) by Adolph Matz, Phd, Milton F.usry, PHD, CPA
Auditing by Professor Dr. khuwaja Amjad Saeed.
Taxation by Muhammad muazzam Mughal.
My Question is that are these book are sufficient and what chapters should i have to prepare from these book.
another question is that is there any manual of these books are available...
Bro sirfraz and others kindly help in this regard.
please visit thread "How to Prepare Accounting" in accounting and auditing section. Complete detail alongwith chapters/books is there.
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  #18  
Old Tuesday, August 14, 2012
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Sir even for the taxable income, we require the current tax slab.....as far as I know the tax slabs are revised every year....so even though you are required to calculate taxable income only, then also u must have the knowledge of current tax slab....anyways thanx for ur answer......n mu next query is whether taxable income is the net income after tax exemption or before exemption.....if t is before exemption then surely we dont need to have a knowledge of current tax slabs.....i will be thankful to u if u clear dis point...
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  #19  
Old Tuesday, August 14, 2012
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Originally Posted by rushna khalil View Post
Sir even for the taxable income, we require the current tax slab.....as far as I know the tax slabs are revised every year....so even though you are required to calculate taxable income only, then also u must have the knowledge of current tax slab....anyways thanx for ur answer......n mu next query is whether taxable income is the net income after tax exemption or before exemption.....if t is before exemption then surely we dont need to have a knowledge of current tax slabs.....i will be thankful to u if u clear dis point...
no tax slabs required for calculation of taxable income and thats 100% sure. And taxable income is after deduction of all exemptions from the income. However tax credits required knowledge of slabs, and examiner normaly does not ask about that. Start your preparation you will get 16-20 even if you do not calculate the tax payable.
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Old Tuesday, September 11, 2012
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Default Paper 1 question 8, Ratios???

Question # 8 of Paper 1 kahan sy aa gaya hy yaar. I mean I have a book for accounting named "Principles of Accounting" by M.A. Ghani and there is no chapter showing any kind of ratios like current ratio, liquidity ratio etc etc. Should I buy another book. If yes then which one. Also recommend any book for Paper II jis ki main ny abhi tayyari karni hy
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