CHSE Odisha Vocational Tax Assistance study plan

Build a one-page reference sheet mapping the five heads of income under the Income-tax Act, 1961 to what each head taxes and who administers it (CBDT, Assessing Officer, CPC).

Explain, in writing, the difference between assessment year and previous year, and between a return, an intimation under section 143(1), and a scrutiny assessment.

Classify ten given fact patterns as resident and ordinarily resident, resident but not ordinarily resident, or non-resident by applying the basic 182-day test, the 60/365-day test, and the deemed-resident rules.

Apply the residence result in each fact pattern to state whether foreign income and foreign assets fall in the scope of total income.

Define the key administrative terms (PAN, TAN, jurisdiction, e-filing portal, notice, best judgment assessment) in your own words without copying textbook phrasing.

Dissect the salary computation into its components: basic pay, allowances, perquisites, profits in lieu of salary, and retirement benefits, and state the tax treatment of each.

Compute house rent allowance exemption for at least four cases where the three statutory tests (actual HRA, 50%/40% of salary, rent minus 10% of salary) produce different controlling limits.

Calculate gratuity, leave encashment, pension, and provident fund receipts for both government and non-government employees, and identify the exempt and taxable portions.

Value at least three perquisites (rent-free accommodation, motor car, interest-free loan) using the prescribed rules and explain which are taxed even for non-specified employees.

Prepare a full salary computation from a single detailed fact pattern and reconcile your figure to the total of the individual line items.

Compute net annual value from municipal value, fair rent, standard rent, and actual rent, applying the standard deduction and the treatment of unrealised rent and vacancy.

Distinguish self-occupied, let-out, and deemed let-out property and calculate the interest deduction limit for each, including the pre-construction interest rule.

Set off a house property loss against other heads and state the annual cap on such set-off.

Classify ten receipts as business income or as income from other sources, and explain the tests you applied.

Compute presumptive income for a small business under section 44AD and for a professional under section 44ADA, and state the turnover thresholds and the conditions for opting out.

Classify assets as short-term or long-term by holding period for listed shares, unlisted shares, immovable property, and other assets, and state the applicable rates.

Compute capital gains on sale of immovable property using the cost inflation index, and on listed shares using the grandfathering and securities transaction tax rules.

Apply the section 54, 54B, 54EC, and 54F exemptions to a reinvestment fact pattern and identify the time limits and caps for each.

Identify the nine heads of income from other sources and compute tax on gifts received from relatives and non-relatives under the gift rules.

Compute interest income on securities, winnings from lotteries and online games, and family pension, applying the relevant deductions and rates.

Map every Chapter VI-A deduction from sections 80C to 80U to its cap and eligibility condition, and build a one-page deduction matrix.

Decide between the old and new tax regimes for three taxpayer profiles and justify the choice numerically.

Compute total income by applying clubbing of income and set-off and carry-forward of losses across heads and years.

Calculate tax liability for an individual below 60, a senior citizen, and a very senior citizen, including rebate under section 87A, surcharge, marginal relief, and health and education cess.

Prepare a tax planning note for a salaried taxpayer that uses at least four legitimate provisions without recommending evasion.

Apply the TDS provisions you are most likely to meet in practice, covering salary, interest, rent, professional fees, and payments to non-residents, and state each rate and threshold.

Determine when a taxpayer must pay advance tax, compute the four instalments, and calculate interest under sections 234B and 234C for a late or short payment.

Complete a return-filing checklist for an individual, including the correct ITR form, the documents to retain, and the due dates for audit and non-audit cases.

Explain the consequences of a defective return, a belated return, and an updated return, and the fees and interest attached to each.

Trace the e-verification and refund process from filing to credit, and state what to do if a refund is adjusted against an outstanding demand.

Explain the constitutional basis for GST, the GST Council, and the dual model of CGST, SGST, IGST, and UTGST, in your own words.

Classify ten goods or services into the correct GST rate slab and identify which are exempt or nil-rated.

Determine the place of supply and the nature of supply (intra-state or inter-state) for five transaction scenarios, including e-commerce and cross-border services.

Compute the tax invoice value, input tax credit eligibility, and net payable for a small trader under the composition scheme versus the regular scheme.

List the registration thresholds, the returns a registered dealer must file, and the due dates for each, and explain the consequence of non-filing.

Complete two timed full-length mock papers under exam conditions and record your score by domain.

Recompute every question you answered incorrectly, and identify the provision or rule you misapplied in each case.

Rebuild your weakest two domains from your mock-paper error log, using only your own notes and the Act.

Summarise the twenty provisions you are most likely to forget on a single revision sheet, with the section number and the rule beside each.

Rehearse the computation sequence from gross total income to tax payable until you can reproduce it from memory in under five minutes.