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CA FINAL NOV 2026 EXAM Last 2 days l Strategy l CA Bhanwar Borana — Transcript

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0:08And the first paper in Group Two is
0:13For Paper Number Four, the Institute has
0:15given you two days this time, so sir,
0:16let me tell you how you should revise
0:18and what you should do in these two days
0:20.
0:21So guys, tell me one thing, first of all
0:22, is there a chance that this paper will
0:24be difficult? Right, the answer is, I
0:25don't think it will be difficult.
0:28According to all the papers that have
0:31come in the exams, this one will remain
0:34manageable, because I feel that since
0:37this is the last exam for the Income Tax
0:39Act 1961, the Institute won't make it
0:42that difficult. Here, I am going to tell
0:45you which areas are the ones you should
0:47focus on more in these last two days.
0:50So if I talk about it, I have divided
0:52the topics into Category A, B, and
0:53Category C; if you go and look at
0:55Category A, I have covered topics there
0:57that account for 70 marks.
1:00Just look, you will get questions worth
1:0270 out of 100 marks from Category A, and
1:04this comes every time. There is no
1:06option in this. Like the PGBP question,
1:07the total income question will
1:09definitely come every time. If you look
1:10, the tax audit question will definitely
1:12come every time. So these are the
1:14mandatory ones that I have included in
1:15Category A. Then in Category B, I have
1:17included those which are rotating
1:19questions, and after that, in Category C
1:21, I have included those that might come
1:23, well, just in case they ever want to
1:25make the paper difficult.
1:28None of which you should leave out.
1:30If you analyze the papers from the last
1:32six exams, guys, you know that the first
1:34question is always from total income.
1:36This total income question will
1:37definitely come. In this total income
1:39question, you might sometimes be asked
1:40about the alternate taxation regime as
1:42well. So in the alternate taxation
1:44regime, if they ask about 115BAA, then
1:46it will be 22%, and 115BAB If asked
1:48specifically, then your tax rate will be
1:5015%on business income and all. Now guys
1:52, understand one thing here, if you
1:54notice, then in the last six papers, six
1:56out of six times this 14-mark total
1:58income question has appeared, and it
2:00will come this time too. So, this is a
2:02mandatory thing. But when you look at
2:05question number two, it is a rotating
2:06question. Question number two, part A,
2:08is always rotating.
2:10Sometimes it comes from dividends,
2:11sometimes from capital gains, sometimes
2:13from MAT, sometimes AMT, or SEZ.
2:15So, question number two is definitely
2:16going to come from such practical topics
2:18. My prediction is that this time the
2:20question might come from MAT.
2:23Since you've noticed that a question
2:24from MAT hasn't appeared for a long time
2:26, there is a possibility that you might
2:27get this question from MAT. So, you
2:29might get this question from Minimum
2:31Alternate Tax. After that, question
2:33number two B is related to Non-Resident
2:34Taxation. It is a predicted question and
2:36it always appears.
2:37Moving on, if I talk about three A, it
2:39is a question on Charitable Religious
2:41Trusts.
2:42Sometimes, an Electoral Trust question
2:44was also asked once. So, an Electoral
2:46Trust was asked once. Everywhere else,
2:48it relates to Charitable Religious
2:49Trusts. Question number three B is fixed
2:51; it will be from DTAA, and if you look
2:53at all the exam questions from the past
2:55, in almost every question, they have
2:57asked about the DTAA rebate under
2:59section 91. So, you must prepare this
3:01very well. After that, if I talk about
3:02four A, it will come from TDS/TCS. If
3:04you look at the hit rate, in six exams,
3:06it has appeared six times. After that,
3:09four B will be your Transfer Pricing
3:11question, and after that, five A is
3:13normally related to case laws.
3:16And five B, the question you will get,
3:19is related to your last three topics:
3:21Model Tax Convention, followed by Tax
3:24Treaties and BEPS.
3:27After that, if you look at question
3:29number six, the first part will be from
3:31Tax Audit, and then six A-two is
3:33normally from GAAR (topic), covering
3:35what tax management, tax planning, tax
3:37avoidance, and tax evasion are. And six
3:40B is from the Board for Advance Rulings
3:42. So, this has been the trend for the 70
3:44marks. After that, if you talk about
3:46MCQs, they keep rotating. Sometimes MCQs
3:49have also been asked from the penalty
3:50topic. Sometimes they have been asked
3:52from cash loans and cash advances.
3:53Sometimes questions are also asked from
3:55non-resident taxation. So, you must
3:56prepare that part thoroughly as well.
3:58Now guys, if I talk about what is due
4:00for November 2026 as per the pattern, it
4:03seems that if we talk about non-resident
4:05taxation, they have covered the POEM
4:08concept. Many times, 44C is there, which
4:10relates to the branch and head office
4:12expenses. After that, you have Chapter
4:1412A, which is the taxation for NRIs.
4:16115AD is miscellaneous. 44BBC has been
4:19asked, so this can definitely come again
4:21, do prepare it.
4:23However, I feel that the question
4:25related to Section 115A regarding
4:26Royalty and FTS is taxed at the rate of
4:2820%. If there is no PE in India, then it
4:30will be taxed at the rate of 20%. If
4:32there is a PE in India, then Section
4:3444DA applies, and a P&L is prepared in
4:36India, and the profit earned in India is
4:38taxed at normal tax rates. After that, a
4:40question related to non-resident sports
4:41persons hasn't been asked for a long
4:43time, so you might find it in the exam.
4:45And guys, after that, 44BB, 44BBA, and
4:4844DA are sections I have covered under
4:50PGBP.
4:52But keep one thing in mind, for foreign
4:54diamond companies, you know that 4%of
4:56gross asset is considered their PGBP
4:58income, so do check that safe harbor
5:00provision here.
5:03After that guys, you should also look at
5:05the American Express case law, the
5:07American Express case law is something
5:09you must review.
5:11What happened in the American Express
5:12case law was, if we assume there is a
5:14branch in India, then for which branch
5:16expenses does the 5%of ATI limit apply?
5:19So, the limit of 5%of adjusted total
5:20income, does it apply only to those? All
5:22head office related expenses, the right
5:24answer is that this limit applies to all
5:26head office related expenses, that is
5:28the American Express case law. After
5:30that guys, there is another Salesforce
5:32case law here related to royalty and FTS
5:33, we will see what that case law is as
5:35we move forward. If I talk about
5:37transfer pricing, see, the CUP method is
5:39asked maximum times. The CUP method is
5:41the most favorite one. The Comparable
5:43Uncontrolled Price method is when you
5:45already know the price of an
5:46uncontrolled transaction with an
5:48outsider, so you apply that same price
5:50to the transaction you are conducting
5:52with your own associated enterprise;
5:54that is called your CUP method. So, they
5:56mostly ask about the CUP method.
5:58There is the Resale Price Method and the
6:00Cost Plus Method. Understand one more
6:01thing, the Cost Plus Method is also a
6:03favorite of the examiner, so keep that
6:04in mind.
6:06After that, regarding secondary
6:07adjustments, I feel that questions
6:08related to secondary adjustments have
6:10been asked, but secondary adjustment can
6:11still be tested.
6:13But there are some areas that have not
6:14been asked. For one, the Transactional
6:16Net Margin Method is very simple, and it
6:17hasn't been asked. I don't think the
6:19Profit Split Method should normally
6:21appear for the exam. But guys, after
6:23that, there is this APA provision and
6:25Safe Harbor. You should mark Safe Harbor
6:27as the most important.
6:29And write it down that you are
6:30definitely going to get a six-mark
6:31question from Safe Harbor. A minimum of
6:33a six-mark question you will get from
6:34Safe Harbor. So, you should prepare Safe
6:36Harbor well, and I have also uploaded a
6:38revision lecture related to Safe Harbor
6:40.
6:41If you search on Google or YouTube for "
6:43BB Sir Safe Harbor Rules related
6:44provisions and revision lecture," you
6:46will get it done quickly.
6:47Meaning, within 30 minutes, you will be
6:49able to learn about the Safe Harbor
6:50rules. After that, guys, is the interest
6:52limitation under 94B, which is 30%of
6:54EBITDA. So, the limit of 30%of EBITDA,
6:56questions related to that limit can also
6:58come, so keep that in mind. They can
6:59normally frame this in MCQs or similar
7:01formats.
7:02An MCQ case scenario can also be formed
7:04here from transfer pricing, where they
7:05ask about this 94B limit along with
7:07other transfer pricing questions, and
7:09you could get a case scenario.
7:11If you look at question number 2A, it is
7:13a rotating question that includes
7:15capital gains. Sometimes, firms, SEZ,
7:17AMT, and MAT are included, okay.
7:20Now guys, understand one thing: topics
7:22related to AOP/BOI, buybacks, and
7:24liquidation are strong candidates for
7:26this time.
7:28So guys, you should prepare buybacks
7:29well because in the case of buybacks,
7:31keep in mind that section 222F is
7:33applicable, okay. So in the case of 222F
7:35, it is considered a deemed dividend and
7:37is directly taxable under 'other sources
7:39,' and for buybacks, your purchase cost
7:41is treated as a capital loss. So I feel
7:43that the provision might be tested in
7:45the exam, likely in question number 2A.
7:48Furthermore, regarding MCQ case
7:50scenarios, I believe business trusts and
7:52transfer pricing—as I have already
7:54mentioned—are topics where a case
7:55scenario could be formed. And guys, let
7:57me tell you, here, trusts and NR are hot
7:59and keep repeating as topics, so you
8:01should pay attention to these as well.
8:03Obviously, you need to pay close
8:04attention to these topics. Look, the
8:05Black Money Act hasn't appeared in the
8:07exam. If you look at the last four or
8:08five exams, it hasn't been asked. But I
8:10feel that a four-mark question will come
8:11from the Black Money Act.
8:13So you will get a four-mark question
8:15from the Black Money Act; do not skip it
8:16, and the best part is that I have
8:18uploaded a revision lecture.
8:20Go to YouTube and just search for the
8:22Black Money revision lecture; as soon as
8:24you watch it, you'll find it, and by
8:26following that lecture and doing all the
8:28Black Money questions, you might
8:30encounter repeated or similar questions
8:32in the exam.
8:33Okay. Now guys, understand one more
8:35thing.
8:36Here, I have provided you with Category
8:38A, Category B, and Category C. So I have
8:40given you Priority A, Priority B, and
8:42Priority C. Now look, when we talk about
8:45Priority A, it appears in every paper.
8:48And first of all, for PGBP alternate
8:49taxation regime, which is called the
8:51company's total income, you must prepare
8:53these provisions very thoroughly. Okay.
8:56You must prepare them very thoroughly.
8:58Section 115BBC is—sorry, it is Section
9:0144BBC.
9:02BBC is that one regarding cruises and
9:04all. So these are some new provisions
9:05that could be asked in the exam. And
9:07guys, let me tell you, for this, you
9:09should either do the master question.
9:10Along with the master question, do four
9:12or five more questions. Then your work
9:13for total income will be complete. I
9:15have already provided the master
9:16question, which is question number 48 in
9:18your compiler. You do that, and along
9:20with it, just do four or five more
9:21questions and your task will be
9:22accomplished. So, it's the same with
9:24capital gains. In capital gains, I don't
9:26feel—I keep feeling that JDA might come
9:28this time.
9:29The Joint Development Agreement concept
9:31, that Joint Development Agreement could
9:32appear. Slump sale is always, always a
9:34favorite. It's always a favorite for the
9:36examiner, so a slump sale might come.
9:39After that, the ULIP, that is, the Unit
9:40Linked Insurance Policy and the Life
9:42Insurance Policy provision, keep that in
9:43mind because a case scenario could be
9:44formed related to it.
9:48A case scenario can be formed related to
9:49ULIP and related to the Life Insurance
9:51Policy, so you should not skip this part
9:53.
9:54You will keep this in mind properly.
9:55Keep one more thing in mind, you don't
9:57get indexation.
9:58If the transfer happened after July 23,
10:002024, indexation is not available, and
10:02guys, you need to go through the capital
10:04gains tax rates, etc., very thoroughly.
10:06If I talk about trust taxation and exit
10:08tax, then guys, this topic is going to
10:11cover at least 10 to 12 marks.
10:13This topic is going to cover at least 12
10:15marks, and guys, you must have seen that
10:17last time regarding exit tax, in May
10:192024, exit tax covered a significant
10:21weightage in all the MCQs, so it's
10:23possible that exit tax might not be
10:24asked this time and instead, a large
10:26question on trusts will be asked.
10:29Now, understand one thing: students very
10:31often ask this doubt, "Sir, should we
10:33include government grants in the total
10:35while calculating that 5%on anonymous
10:36donations?" The right answer is, when
10:38total donation is mentioned, then
10:40government grants will also be included
10:41because if you look at ITR 7, it is
10:43clearly written there that government
10:45grant is also a part of the donation and
10:47you have to consider that too, but there
10:48could be an alternative view, okay? So
10:50whenever it comes in the exam, do one
10:52thing: provide the alternative if you
10:53wish, but make sure to write it down,
10:55okay? After that, guys, TDS TCS is a hot
10:57topic for the ICAI, and do keep the case
10:59laws in mind for TDS TCS as well,
11:00because all your Singapore Reliance case
11:02law, Bharti Cellular, Air India, and BDR
11:04Finvest, these case laws—you must
11:06thoroughly prepare these four case laws
11:08because, along with the sections, the
11:09case laws might also be covered. One
11:11more thing to understand, I don't know,
11:14after 194A, 194B is for the big guys,
11:16big guys meaning your winnings section.
11:18One big area for you is online gaming.
11:21Look, online gaming is normally closed
11:23in India, but the provision still exists
11:25, and it has been continued in the new
11:27Act as well.
11:28So, I feel there could be a significant
11:30test on that, so don't skip it. I am
11:33just saying, don't skip it.
11:35After that, guys, 194Q is very
11:37interesting; if you buy goods worth more
11:39than 50 lakhs, you have to deduct TDS at
11:42a rate of 0.1%.
11:44Keep 194R in mind; for example, if you
11:46give any benefit or perquisite to anyone
11:49, you must deduct TDS at a rate of 10%
11:52under 194R.
11:53I have given you many guidelines related
11:56to 194R, so make sure to go through
11:58those guidelines properly.
12:01Go through those guidelines properly; if
12:03the examiner ever has to create a
12:04scenario where they need to explain how
12:06it works for free samples, or if an
12:07influencer is given a benefit, for
12:09example, how TDS will apply or if it
12:11will apply at all, don't skip that
12:12either.
12:13Please do review this once. If I talk
12:16about NR or NRI, it is very simple.
12:19First is the POEM concept. I don't know
12:21why, but I have a feeling that there
12:23will be a question on POEM this time.
12:26In POEM, keep in mind that if a foreign
12:28company satisfies two conditions, its
12:30POEM will be considered outside India.
12:31One is that the AB test must be
12:33fulfilled. The majority of board
12:34meetings must be held outside India.
12:35What does the AB test mean? It means
12:36passive income should not be more than
12:3850%of the total income. Less than 50%of
12:40the assets should be in India. Less than
12:4150%of the employees should be in India,
12:43and the payroll expense of those
12:44employees in India should be less than
12:4650%. Then your AB test is fulfilled. So
12:48, if the AB test is met and the majority
12:49of board meetings are outside India,
12:50then its POEM will be considered to be
12:52outside India. I don't know why, but I
12:53feel that this question could pop up in
12:55the exam this time. Okay? After that,
12:57guys, I have already covered NR sports
13:00persons, etc. Along with that, there are
13:02three or four case laws that I think are
13:04very good case laws.
13:06For instance, the GoDaddy case law,
13:08where GoDaddy provides website hosting
13:10or sells website domain names. Will this
13:13be considered a royalty? The answer is
13:14no. They are not the owner of that
13:15intangible asset. They are just a
13:17registrar. What they do is provide you
13:19with the service to register the domain
13:21name. They have no rights over it, so in
13:23that particular case, it will not fall
13:24under royalty or FTS. There is the
13:26Salesforce case law. There is the
13:27American Express case law and the Tiger
13:29Global case law. These are the case laws
13:30you need to pay attention to.
13:32See, the DTAA topic, my friend, is a
13:33mandatory topic; you must do it and
13:35prepare it well.
13:37In DTAA, keep one thing in mind:
13:38whenever you take a rebate under Section
13:4091 or 90, what should you compare it
13:42with? Should you compare it with tax or
13:44with the rate? See, if it's a Section 90
13:45rebate, then compare it directly with
13:47the tax. Meaning, compare the tax paid
13:48abroad with the tax applicable in India
13:50and take the rebate on whichever is
13:51lower. But if it is Section 91, then in
13:54the case of 91, you normally need to
13:56compare the rates first. Meaning,
13:58India's average tax rate and the foreign
14:00tax rate, whichever is lower, multiply
14:01that by the doubly taxed income and take
14:03that much rebate. But keep one thing in
14:05mind: if the foreign tax is given in
14:07foreign currency and the TTBR of the
14:09last day of the last month is provided.
14:12If the TTBR of the last day of the last
14:15month is given, in which you paid the
14:17foreign tax, then convert the tax into
14:20rupees.
14:21Compare the amount of tax paid abroad
14:23with the tax it attracts in India.
14:26Then you don't need to compare the rates
14:28because there is a dispute between
14:29Section 91 and Rule 128, so you have to
14:31do it accordingly, and guys, if you want
14:33, you can also watch my revision lecture
14:35.
14:35I have uploaded a revision lecture for
14:37these DTAA questions and so on. It will
14:39be very helpful for you, alright. I have
14:41already told you about Transfer Pricing
14:43. In transfer pricing, brother, APA (
14:44Advance Pricing Agreement), 94B
14:46regarding interest limitation, and Safe
14:47Harbour rules are the most important
14:49things that might come. In transfer
14:51pricing, there are penalties, secondary
14:52adjustments, and along with those, the
14:54various methods. The range concept
14:55appeared last time. Look, last time I
14:57said I felt the range concept would come
14:59, and it was in your exam, so the range
15:01concept has already appeared. I don't
15:03know if it might return, so just go
15:04through an overview once before you go.
15:06After that, guys, let me tell you about
15:07tax audit and ethical compliance. It is
15:09quite simple, these are the easiest six
15:11marks to grab.
15:12These six marks are basically free marks
15:14, that is your tax audit and ethical
15:16compliance.
15:18See, to get six marks in tax audit and
15:20ethical compliance, let me tell you a
15:22ninja technique, because in the exam,
15:24they will give you a case scenario where
15:26something like this is happening. What
15:28should the auditor do?
15:30You have to answer this in three or four
15:32parts. First of all, write down the
15:34provision that is applicable in that
15:36case. For instance, sometimes it might
15:38be given that there is a jewelry shop,
15:40they made payments in cash, a raid
15:42occurred, and it was later found they
15:44made huge cash payments. The auditor did
15:46not report it, something like that.
15:48So, first, write about the relevant
15:50Income Tax provision, like Section 40A (
15:523), stating that as per the Income Tax
15:54Act 1961, payments in a single day to a
15:56single person exceeding a certain amount
15:58should be made by account payee cheque,
16:00demand draft, or electronic clearing
16:01system.
16:03Write this out in full first. The first
16:04paragraph is the provision of the Income
16:06Tax.
16:07In the second, do one thing, that was
16:09the first part. Similarly, if it’s
16:11another provision, like 94B related to
16:12interest limitation, then write that
16:14provision. Or suppose TDS was not
16:16deducted, then write the TDS provision,
16:18and after that, write this in the second
16:20part. In the second part, write which
16:23clause of the 3CD of your tax audit
16:25report applies.
16:27If you remember the clause number of 3CD
16:29, write that it was supposed to be
16:31reported under this specific clause of
16:333CD. Whether he did it or not, we will
16:34address that later.
16:36So, how to report it and where; for
16:38instance, if you have the clause number
16:39of 3CD, then write that down.
16:41Now, understand one thing: in the
16:43subsequent clause, what you need to do
16:45in the third paragraph is, if there is a
16:47difference of opinion, then here in 3CA
16:50and 3CB, the Chartered Accountant had to
16:52give their opinion.
16:54The Chartered Accountant had to write
16:55that
17:00If there is anything like that or if he
17:02is relying on some case, then he must
17:04provide a disclosure for it, write that
17:06down, and in the fourth paragraph, state
17:08whether he is guilty or not, because you
17:10will always be asked about ethical
17:11compliance.
17:13And whenever ethical compliance is asked
17:15, you must refer to the audit, the
17:17Chartered Accountants Act 1949, I think
17:19; according to that, you need to state
17:20which schedule applies, and within that
17:22schedule, whether clause number seven or
17:24eight is applicable.
17:27See, either seven will apply; seven
17:28applies if due diligence was not
17:30performed or if he did not work properly
17:32, then apply clause number seven.
17:34For example, if he did not work properly
17:36and certain verifications were required
17:38but were not done, then apply both seven
17:40and eight. If you frame your answer like
17:43this, your six marks will be secure and
17:45you will get them easily, okay? Also
17:47guys, let me tell you, go through 30
17:49case laws because they carry weightage
17:51in the exam. People say don't do case
17:53laws, but no, you must do them, and
17:55definitely go through the eight new case
17:56laws because at least two of them will
17:58surely appear, okay? After that, there
18:00is GAAR, tax management, tax evasion,
18:03BEPS, and the last one, MTC, BEPS, and
18:05tax treaties.
18:07Guys, if you cover these areas, your 70
18:09%marks will be covered right from here.
18:12This area will give you 70%marks. After
18:14that, if you move to priority two, I
18:16feel a question on MAT might come this
18:18time, so make sure you cover Minimum
18:20Alternate Tax well, okay? So, cover the
18:22Minimum Alternate Tax well, and keep in
18:24mind the AS/Ind-AS compliant ones and
18:26the OCI ones, okay? Also, look at the
18:28OCI, NR, and all those concepts well
18:30because I think they might appear in the
18:31exam.
18:32After that, guys, you are already doing
18:34firms, LLPs, AOPs, and BOIs. Business
18:36trusts, investment funds, and
18:37securitization trusts might appear in
18:39the MCQs this time. It might appear in
18:40the MCQs, so you must prepare this.
18:43After that guys, in return filing and
18:45assessment procedure, instead of
18:47overthinking, I feel you should just
18:49read all provisions related to returns.
18:51Cover normal return, belated return,
18:53revised return, and updated return, okay
18:55? Updated return is most important, and
18:56after that, study block assessment. So,
18:58for block assessment in case of a raid,
19:00you should read how the assessment is
19:02done and what happens in a raid case. So
19:04, if you study this much in assessment
19:05procedure, your work will be done. The
19:07search cases one, which we call block
19:08assessment, okay? And guys, along with
19:10that, keep in mind, sir, what should we
19:12study in penalties? So in penalties, you
19:14must at least do 270A because it fits
19:16into MCQs very often.
19:18270A is something you must do.
19:20After that, 271AD is a favorite penalty
19:23, do that, and also do 271AE.
19:27Understand what this AE is, okay? You
19:29know that if a trust gives a benefit to
19:30a trustee, for the first time a 100%
19:32penalty of the benefit is applied, and
19:34if the benefit is given subsequently,
19:36then a penalty of up to 200%will be
19:37applied, so you must prepare that. The
19:39cash loan penalty, the one for 269SS and
19:42269T, you must prepare which penalty
19:44applies, and if you can manage, do
19:46compounding given at the end. See, the
19:48institute has removed the compounding of
19:50offense topic in the new syllabus, but
19:51obviously, it is still applicable for
19:53November, so I have provided it at the
19:55end of the compact as well. You can look
19:56at it and cover it from there. You will
19:58prepare Black Money. In DRC, you only
20:00need to look at which is the eligible
20:01order.
20:02Meaning, which order is it against which
20:04you can approach the DRC? Remember the
20:0610 lakh limit and 50 lakh limit in that
20:08, that the variation should not exceed
20:1010 lakhs and if you filed a return, the
20:11returned income should not exceed 50
20:13lakhs. You will just look at this much
20:15here.
20:16After that guys, if you look at priority
20:18questions, then I have included the
20:19remaining topics, where I have taken the
20:21rest of the assessment procedure, and
20:22appeals and revision. I have taken the
20:24deduction part. I have taken the set-off
20:26and carry-forward part. After that,
20:27there is VDA, miscellaneous, political
20:28party, and exempt income; I have
20:30included this part.
20:31So in this, look, keep this on last
20:33priority; when you are done with
20:34everything else, then you can go through
20:36this part as an overview.
20:38Guys, I have included these eight new
20:40case laws here, and I feel that you will
20:43definitely find at least two of these in
20:45the exam, and specifically, keep this
20:47Sharp Business case law in mind.
20:50When you pay a non-compete fee to
20:51someone, it is a revenue expenditure.
20:53The non-compete fee is considered a
20:55revenue expenditure. This will be
20:56allowed to you under Section 37. The
20:58answer is yes. You need to keep this in
21:00mind, okay? After that, there is the
21:01American Express one, the Tiger Global
21:03one, so I have provided a one-liner for
21:04them here. With the one-liner, you can
21:06understand exactly what happened in that
21:08case, okay?
21:09So guys, I just wanted to tell you this
21:11; the 20-22 minutes I spent talking to
21:14you was so that you at least know how to
21:16prepare for the exam and which topics to
21:18keep on priority.
21:20Look, the question ultimately comes down
21:22to whether we should watch revision
21:24lectures or study directly from the book
21:26. That depends on you. See, if after
21:27listening for 20 minutes you recall the
21:29topics and feel confident, then quickly
21:30do it from the book, solve some
21:32questions, and move on. Okay? But if you
21:34feel that you don't remember a topic and
21:35want to watch a revision lecture for it
21:37, then go ahead and watch it.
21:39For example, suppose you have studied
21:40some sections of TDS, but now you don't
21:41remember TCS, so since TCS is a sub-part
21:43, you can watch the revision lecture.
21:45There are some topics for which you can
21:46just solve the questions and go; you can
21:48do that too. Understand one more thing;
21:49I have uploaded a revision lecture for
21:51the PGBP master question.
21:54There is a revision lecture for the
21:55master question as well. I have uploaded
21:56revision lectures for many of the PGBP
21:58questions.
21:59So, if you want to use revision lectures
22:01in some places, you can definitely do so
22:03, okay?
22:04And guys, let me tell you, this is the
22:06last exam as per the Income Tax Act 1961
22:08, and it should be your last exam too.
22:10You have to pass this, and we will meet
22:12after you become a CA, so whenever the
22:13results come in January, whenever we
22:15meet, as I have told you, your coffee
22:17will be on me, okay?
22:18I mean, it means whenever you come,
22:20we'll definitely have coffee, and the
22:21coffee is on me as a Chartered
22:23Accountant, okay?
22:24So put in the effort, just go for it,
22:26don't think about what will happen or
22:27how, don't stress.
22:31Alright, all the best.
22:32>> See you as a CA. Bye, take care.

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