Total Papers5 Papers
Total Marks500 Marks
PatternObjective + Subjective
Negative Marking1/8 per wrong (MCQ)
Paper I — Income Tax Law & Computation
100 MCQs
100 Marks
▼
100 MCQs of 1 mark each. 1/8 mark deducted for every incorrect attempt. Divided into Part A (75 marks), Case Laws (15 marks), and Part B (10 marks).
Part A — Income Tax 75 Marks
1
Income Tax Act, 1961 as amended from time to time along with relevant Rules
2
Key Topic Areas:
- General Terminologies, Tax rates, Surcharge & Cess
- Income under heads: Salary, House Property, PGBP, Capital Gain, Other Sources
- Deductions u/s 80; Advance Tax, Interest u/s 234A/B/C
- Set-off & Carry forward of Losses; TDS & TCS
- Taxability of Partnership Firm & Partners
- Clubbing, Cash Limits, Trust provisions, S-14A, MAT/AMT, S-10AA, Agriculture Income
- Residential Status; Black Money, Benami & Wealth Act
Case Laws 15 Marks
Chelapalli Sugars Ltd. v. CIT — 98 ITR 167 (SC)
Mc. Dowell & Co. Ltd. v. Commercial Tax Officer — 154 ITR 148 (SC)
CIT v. British Paints Ltd. — 188 ITR 44 (SC)
CIT v. Podar Cement Pvt. Ltd. — 226 ITR 625 (SC)
Tuticorin Alkali Chemicals v. CIT — 227 ITR 172 (SC)
Brooke Bond India Ltd. v. CIT — 225 ITR 798 (SC)
CIT v. TrilokNath Mehrotra — 231 ITR 278 (SC)
CIT v. Anand Theatres — 244 ITR 0192 (SC)
Shambu Investment (P) Ltd. v. CIT — 263 ITR 143 (SC)
CIT v. P.V.A.L. Kulandagan Chettiar — 267 ITR 0654 (SC)
Goetze (India) v. CIT — 284 ITR 323 (SC)
U.P. Forest Corporation v. DCIT — 297 ITR 1 (SC)
CIT v. Kelvinator of India Ltd. — 320 ITR 0561 (SC)
T.R.F. Ltd. v. CIT — 323 ITR 0397 (SC)
JCIT v. Saheli Leasing & Industries Ltd. — 324 ITR 0170 (SC)
* List is illustrative and may be modified/enlarged from year to year. Candidates will be informed in advance.
Part B — Other Tax Laws 10 Marks
1
Wealth Tax Act, 1957 along with relevant rules
2
The Black Money (Undisclosed Foreign Income & Assets) and Imposition of Tax Act, 2015
3
Benami Transactions (Prohibition) Amendment Act, 2016
Paper II — Advance Accountancy
100 MCQs
100 Marks
▼
Tests general commercial terms as well. Graduation standard paper.
1
Accounting Cycle & Final Accounts — Manufacturing, Trading, P&L Accounts and Balance Sheet
2
Partnership Accounts — Including change in constitution & dissolution
3
Company Accounts — Final accounts, issue & forfeiture of shares, pre/post incorporation expenses, contingent expenditure
4
Hire Purchase, Consignment & Joint Venture Accounts
5
Departmental / Branch Accounts
6
Depreciation — Straight-line Method and Written Down Value Method
7
Accounting Standards (ICAI):
- AS-1: Disclosure of Accounting Policies
- AS-2: Valuation of Inventory
- AS-7: Accounting for Construction Contracts
- AS-9: Revenue Recognition
- AS-11: Effect of Changes in Foreign Exchange Rates
- AS-19: Leases
- AS-22: Accounting for Taxes on Income
8
Amalgamation, Absorption & Reconstruction — Basics
Paper III — Allied Laws
100 MCQs
100 Marks
▼
1
Indian Contract Act — Chapters I to VI
2
Transfer of Property Act — Ch-II (Ss.5–11, 44–53A), Ch-III, Ch-IV (Ss.58, 59A, 69, 73, 100, 102, 103), Ch-V (Ss.105–108), Ch-VII, Ch-VIII (Sec.130)
3
Hindu Law (Mullah) — Chapters I to VI
4
Companies Act, 2013 — Ch-IV (Ss.33–53B), Ch-X (Ss.112–123, 141–157), Ch-XII (Ss.210–236), Ch-XVI (Ss.302–334, 339–344), Ch-XVII, Ch-XVIII, Ch-XIX
5
Indian Partnership Act, 1932 — Chapters I to VI
6
Civil Procedure Code — Orders V, XVI, XIX, XXI (Ss.60–63), XXVI (Rules 1–18), XLVII
7
Information Technology Act, 2008 — Chapters I to V, Chapter XI
8
Right to Information Act — Sections 2, 3, 4, 6, 7, 8, 9, 10, 11
Paper IV — Income Tax & Accountancy (Combined Practical)
Subjective
100 Marks
▼
Candidates may use Income Tax Manuals, CBDT Publications, and Ready Reckoner. Practical application of IT Act for assessments, orders under the Act, and preparation of CSRs.
Part A — Income Tax Practical 50 Marks
1
Practical application of the IT Act and Rules in dealing with assessments
2
Judicial decisions and Board's Instructions; Drawing up assessment and other orders
3
Preparation of CSRs (Computation of Scrutiny Reports)
Part B — Advanced Accountancy 50 Marks
1
Practical subjective problems in Advanced Accountancy — syllabus same as Paper II
Paper V — Office Procedure
100 MCQs
100 Marks
▼
Part A — Service/Admin Rules 50 Marks
a
Important definitions of Fundamental Rules
b
Travelling allowance and joining time
c
Financial powers
d
Government servants conduct rules
e
Classification, control and appeal rules
f
Medical attendance rules; Home Travel Concession; Children's Education Allowance
g
House rent provisions; Revised Leave Rules; Pension, gratuity & family pension provisions
h
General Provident Fund Rules; Cash book; Contingent registers; Pay bills
Part B — IT Office Procedures 50 Marks
a
IT Records & Registers, notices & summons procedures under IT Act, 1961
b
Collection & Recovery of Taxes; Refunds; Search & Seizure; Appeals & Revision
c
Internal Audit, Revenue Audit; CBDT Central Action Plan & scrutiny guidelines
d
Reopening assessments; Time limitations; Inspection by higher authorities
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