Taxation means when any taxing authority like the government charges taxes on the gross income of any particular person or any business organization.
Taxation does not require any consent as it is directly charged by the government. Any person or business organization or share market holder or anybody who has a fixed source of income must pay their taxes on time.
The amount of taxes that a person must pay depends on the limit that the government has set for the citizens. Anyone whose annual income exceeds 3lakh per annum is liable to pay their taxes.
There are lots of prospects nowadays for students studying taxation or b.com in graduation. They can appear for theentrance exam of C.A and by the successful completion of which they are eligible for articleship exam. After this as a fresher a student can get a package of 6-8lakhs per annum.
Prepare your own routine. Make a note on what are your daily tasks and how many hours you need to work everyday on your assignment to complete it within the deadline.
Whether you are in the class or somewhere else, whenever you get any information related to your homework note it down immediately.
Going through all the data is important. This will make sure that you do not include any unnecessary in your assignment.
Preparing such routines will ensure that you do not deviate from the routine and follow them positively.
Multitasking distracts the mind and a topic which you could have completed in an hour, will take two or three hours.
Control your urge of playing games or chatting with friends. This you distract you and make you go off track.
Who does not want to spend time with their loved ones? But distancing yourself from loved ones at least to meet deadlines is essential.
Scrolling the news feed or participating in group chats or liking photos on social media is the worst kind of distraction possible. So stay away.
Surf through relevant content related to taxation on the internet. You can collect a lot of relevant information which will help you secure good grades in the homework.
This will waste your valuable time and will act as a barrier in meeting deadlines.
Every student is different and unique in their own way. So, never compare yourself with anyone. You may take an hour longer than any random student in your class. But that does not mean you are inferior to him/her. That means you pay more attention to detail which takes you longer to complete a piece of homework.
You should have a calm environment for studying. The chaotic atmosphere creates disturbances and hampers your concentration level. Make sure you sit in a quiet room and do your work.
This will ensure you do not stretch yourself too much while doing your homework. As taxation is a subject that requires an ample amount of concentration level. Take a break and start over with a refreshed mind.
Eating lots of fruits and vegetables provides nutrition to the body and helps to get rid of toxins. Avoiding junk food is a must so that you do not fall ill and can continue to work on your homework sincerely.
Sleeping atleast for 7-8hours regularly ensures the healthy working of the nervous system. Sleeping properly will help you stay more energetic for the whole day.
Taxation has different types of sums and a large portion of the conceptual area to cover. Group study will help you clear your doubts from a friend who has understood a concept well that you had difficulty in.
The professor covers a vast area during classes. You can ask him if you have any doubts and note everything down. This will ensure that you have not missed any topic when the professor discussed it.
If you bunk any important class of taxation, you will be unable to understand the next related topic in class. So avoid class bunking unless it is an emergency.
In case you have missed a class contact any friend of yours and gather all the essential notes done in the class. If you are unable to understand any topic ask him/her if he/she can help you with the topic.
Stress is one of the main reasons that cause work delay. Stop overthinking, stop worrying about petty issues.
There can be situations that make you so emotional that you are unable to concentrate on your work. Handling emotions is one of the essential things that you can do for yourselfin order to meet deadlines.
Gift yourself with your favourite food or jewellery or something that you love when you achieve a certain goal. This will keep you motivated like nothing else.
Try to solve a difficult paper. This will ensure that you do not face any hindrances if the professor gives you tough homework with deadlines.
There are various important questions in year papers on different concepts of taxation. Solving year papers will boost your confidence and you will be ready to solve difficult home works within deadlines.
Yoga is very useful for the mind and body. Yoga helps in gaining concentration levels. Yoga helps the mind to capture things faster and makes the mind and body healthier.
This ensures that you get an ample amount of time to revise and go through the homework once to avoid any errors or silly mistakes.
After you have finished your work you must be ready to help others in need. This will help you in revising the topics, as well as you may also learn something new in this process.
When you have a definite goal set for yourself, you stay focused and complete all home works and projects before deadlines. Only this kind of attitude towards your life and career can make you a successful person in the long run.
Note down everything that is completed and things that are yet to be done. This will ensure that you do not miss out on anything.
Do not just surf the internet for a particular topic on taxation. Try to gain more knowledge on the topic.
Having an urge to learn more is important or else you are nowhere. Studying just for academic purposes won’t make you successful in life.
There are thousands of videos available covering each and every topic of taxation. Whenever you get stuck, just search the internet and you will get the relevant information required to solve your homework.
A student who knows the value of time, nobody can stop him/her from getting successful in life.
Just like studying, entertainment and recreation are also very important in life. Watch a movie, go out with friends or do whatever that will help your mind and body refreshed.
A professor will always be ready to help you. So do not hesitate at all to walk up to him if you missed or did not understand a topic during the class.
If your parents are from a commerce background, they can inevitably help you with your taxation homework.
As the hard copy will be submitted in college, keep a soft copy with you for any further assistance in the futurez
This will refresh your mind and keep you on track always.
If you do so in taxation, the professor will understand that you have understood the topic well. This creates a good impression among the teachers.
This will provide you with additional information, whenever you need it.
By doing so, you can solve difficult sums easily in a fresh mind and do the easier ones later which will require less effort.
This will ensure that you have all your doubts cleared and can easily solve home works within deadlines.
By doing so you do not have to surf different websites all over again for similar information.
By doing to you can self judge yourself that where you are standing and what else you need to do to be better at taxation.
The biggest distraction needs to be kept away while solving homework’s for important subjects like taxation.
This will ensure the healthy functioning of your brain.
As we all know practise makes a man perfect.
Know this and nobody can stop you to meet deadlines.
Water hydrates the body and helps to refresh the mind.
He/she can guide you efficiently whenever you face a problem.
Always be responsible and never blame others for something that went wrong.
This creates a negative impact in mind so better avoid it.
Attending a birthday party may be important but not more than your homework.
Double-checking will ensure that you have not committed silly mistakes.
Exercising keeps the body healthy and full of energy.
Keeping yourself comfortable in all possible ways ensures that you successfully complete home works within deadlines.
The financial author to be discussed here is Lara Cathcart. She is a financial and accounting educational expert and has acquired a degree in MBA, She earned a Master’s degree and PhD in Finance from Birkbeck College, University of London.