WAT-PI Tips for IIM's 2018

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About this group

I am currently a student at IIM Calcutta and willing to share my experiences and tips for WAT and GD-PI

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can someone share the link of IIM Ranchi pgdhrm program?


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 Specific pointers for CAP

 

All the new IIMs are pretty new and don’t have much history but to gain an edge prepare about a specific college that you might prefer and details about its mentor institute and courses offered   

Also prepare why you prefer new IIMs over any other comparable private college

PGDM IIM Calcutta Batch of 2017-19
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Can someone tell me 3 weaknesses about Sachin Tendulkar as a role model?

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tyagikritika2809
@tyagikritika2809  ·  61 karma

He is your role model reserach about his life incidents read his biogarphy where he has metioned regrets

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tyagikritika2809
@tyagikritika2809  ·  61 karma

thats the only way to know about it

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Hello All


As the D day comes close and all of you get ready for the interview process 

Please feel free to post any query that you may have regarding specific interview and I will try and address the same.

PGDM IIM Calcutta Batch of 2017-19
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Rishi_chavan
@Rishi_chavan  ·  0 karma

I am preparing for next year ... how do i build profile so that I will get calls from most collages ?

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Hello All

Also kindly do an exhaustive research regarding the college and study the following points

1. Alumni network

2. USP of college

3. History

PGDM IIM Calcutta Batch of 2017-19
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AK_123456
@AK_123456  ·  28 karma

What to say if asked "In the event you convert your calls, which new IIM would you want to join and why"? Should I say that I would not want to think about this now as I am yet to convert any of my calls?

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tyagikritika2809
@tyagikritika2809  ·  61 karma

No you must not answer in such a manner because that will display ignorance on your part you can decribe how you would puck one of them if given a choice and the reasons for the same

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Sample questions for PI

1. Interest and hobbies

2. Who is your role model and why ?

3. Which Newspaper do you read 

4. What is your favourite ad

5. What is your USP

PGDM IIM Calcutta Batch of 2017-19
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Salient Features of Finance Bill


1. No change in Tax Rate. All persons including individuals, HUF, Firms and Companies to pay same tax . However Education cess is being increased from 3 to 4 % to be knon as Education and Health cess.


2. However  for Domestic Companies having total turnover or  gross receipts  not exceeding  Rs 250 crores in Financial year 2016-17 shall be liable to pay tax at 25% as against present ceiling of Rs 50 crore in Financial year 2015-16.


3. Long term Capital gain exemption under section 10(38) in respect of listed STT paid shares being withdrawn.


4. However capital gain up to 31.1.2018 shall not be taxed as cost of acquisition will be taken as Fair Market Value as on 31.1.2018.


5. Tax on STT paid long term capital Gain will be 10% under Section 112A. Further such tax will be liable for TDS.


6. Standard Deduction of Rs 40,000 for salaried employees. However benefit of transport allowance of Rs 19,200 and Medical Reimbursement  of Rs 15,000 under Section 17(2) are being withdrawn. Thus net benefit to salaries class only Rs 5,800


7. Provision of Section 43CA, 50C and 56(2)(x) being amended to allow 5%  of sale consideration in variation vis a vis stamp duty value. On account of location, disadvantage etc.


8. Provision of section 40(ia) and 40A(3) and 40A(3A)are being made applicable to Charitable Trust . Hence expenditure incurred without deduction of tax and in cash will not be eligible as application of income under section 10(23C) and section 11(1)(a).


9. Agriculture Commodity Derivates income /loss  also not to be considered as speculative under section 43(5).


10. Income Computation and Disclosure Standards(ICDS) being given statutory backing in view of decision of Delhi High Court decision.


11. Marked to market loss computed as per ICDS to be allowed under section 36.


12. Gain or loss in Foreign Exchange as per ICDS to be allowed under new section 43AA.


13. Construction Contract income to be computed on percentage completion method as per ICDS.


14. Valuation of Inventorty including Securities  to be as per ICDS.


15. Interest on compensation, enhanced compensation. Claim or enhancement claim and subsidy, incentives to be taxed in the year of receipt only as per new Section 145B.


16. Conversion of stock in trade to capital asset to be charged as business income in the year of conversion on Fair Market value on the date of conversion.


17. 54EC benefit of investment in Bonds to be restricted to Capital gain on land and building only. Further period of holding being increased from 3 years to 5 years.


18. PAN to be obtained by all entities  including HUF other than individuals in case aggregate of financial transaction in a year is Rs 2,50,000 or more. All directors, partners, members of such entities also to obtain PAN.

You 


19. All companies irrespective of income to file return and in case it is not filed, such companies will be liable for prosecution irrespective of the fact weather it has tax liability of Rs 3,000 or not.


20. Assessments to be E assessment under new section 143(3A)


21. No adjustment under section 143(1) while processing on account of mismatch with 26AS and 16A.


22. Deemed dividend to be taxed in the hands of the company itself as Dividend Distribution of tax @ 30%.


23. Penalty  for non filing financial return as required under section 285BA being increased to Rs 500



PGDM IIM Calcutta Batch of 2017-19
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I have 2 TIME GD-wat-pi booklets. Anybody wanting can contact

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vmal733
@vmal733  ·  0 karma

do share the booklets if possible.

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ashu1707
@ashu1707  ·  1 karma

please share on email is you have softcopy on ashu1707@gmail.com

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anybody TIME Cet mocks can contact me 

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@tyagiritika Please give a list of all possible current affairs topics.

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kittuuv
@kittuuv  ·  18 karma

#

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tyagikritika2809
@tyagikritika2809  ·  61 karma

Yes I will update the same shortly

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