Accountancy And Auditing Papers-2012 - Page 2

rushna khalil · #11 Saturday, August 11, 2012

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

rushna khalil · #12 Monday, August 13, 2012

plz somebody answer my query

Ahmed Faisal · #13 Monday, August 13, 2012

Quote:

Originally Posted by rushna khalil

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.

sidogar · #14 Monday, August 13, 2012

Quote:

Originally Posted by Ahmed Faisal

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

sarfaraz shami · #15 Monday, August 13, 2012

Quote:

Originally Posted by rushna khalil

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.

Ahmed Faisal · #16 Monday, August 13, 2012

Quote:

Originally Posted by sidogar

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.

sarfaraz shami · #17 Monday, August 13, 2012

Quote:

Originally Posted by Ahmed Faisal

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.

rushna khalil · #18 Tuesday, August 14, 2012

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...

sarfaraz shami · #19 Tuesday, August 14, 2012

Quote:

Originally Posted by rushna khalil

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.

rushna khalil · #20 Wednesday, August 15, 2012

thanx sir....i will surely take dis subject as my optional as i am an expert in accounting....thank u so much fo ur help