Insights from CA Inter Topper Parmi Parekh

So you get the call of the president prior to the results. So I didn't pick up his calls because it was barely 10 minutes left. Right. And he was calling me but then he was like, Hey, you scored all India Rank 1. Wow. If they have an exam for 20 days or 15 to 20 days, then how do you cover the backlog? It becomes a big challenge and that's why I wanted to include this point. When I was in school, I wanted to be a tailor. I always had a dream. I don't know what I have seen, but I wanted to be a tailor. I was like, they earn a lot and I wanted to be a tailor. So did you have anything or have you always... And then I think TDS was something... I don't think of TDS that much. There are too many sections and it's a very big chapter. Correct. So then I had to revise it many times. And then I had to watch your videos many times. After watching my technique multiple times, I thought maybe you'll... remember the concept well. Okay, fine. I will always be there. No, no. Thank you so much for everything. For your IDT lectures, DTE lectures, YouTube and the support which you're giving right now to all your students. Thank you. Your marathons and everything before the exam. Truly admire that. Thank you. Hello guys, what's up? This is Siamat Mahajan. I hope that you are doing absolutely well and we have a very very very special guest today CA Inter All India Rank 1 Parmi Parekh and the best thing is I'm really very happy and proud to say this that she has scored 88 marks in taxation subject and let's welcome Parveen Parekh. Parveen, thank you so much for taking time you know I you have become a celebrity now. phone calls, you must have received so many requests for the podcast and you have taken out time. I am very glad and thank you so much for coming here. No problem, you are welcome. Parmi, like the first question of the podcast is always, how was your first reaction? Where were you and how exactly can you tell the whole scenario? I didn't open my result in front of my parents. My father was in the office, my mom was outside, I was in my room and so you get the call of the press. precedent prior to the results. So I didn't pick up his calls because it was barely 10 minutes left and he was calling me but then he's like hey you scored all India Rank 1. Wow, such a great feeling. Yes. Just one thing, we will keep it a little candid, we will not talk about anything formal. Just one thing, how did you get into schooling? Can you tell us your background? Which college were you in? I stay in Ghatkopar, so I did my schooling from PG Karodia school. Okay. And it was a very nice experience, like all my teachers, staff, they were very friendly, very nice, principal and everyone. And then my 10th was online, so I didn't give that exam. Then for 11th and 12th, I was in NM college. And over there, I had some amazing faculty over there and I did my classes from Abhaisal, which is an amazing person. Like even I think my 8th, 9th, 10th, my sir was amazing. And then I went to the University of Delhi, and I did my 12th and 13th. and he set the bar too high for all teachers. Correct. So then I did from NM college and now finally I'm doing BCom from HR right now. Okay, that's nice. So this entire podcast, let's divide this podcast into four parts. We'll talk about pre-inter. What difficulties did you face in inter and what different did you do to achieve that AR1? And after that we'll talk about tax because you have the highest marks in tax. And last but not the least, that is general questions. What let me. So, first of all, when you were in school, were you always on the top? And how did you prepare for the inter? So, in our school from 5th grade there used to be a rankers list. So, there were around 10-12 rankers in each list. So, I made the list but I wasn't on top. There were people ahead of me, my very good friends who were like... The rankers but I was a little good in studies. Nice. Okay. So, there is one more very weird question. When we were in school, when we are in school, we don't have any idea what we have to do. So when I was in school I wanted to become a tailor. I always had a dream, I don't know what I have seen but I wanted to become a tailor. I was like, they earn a lot and they want to make me a tailor. So did you have anything or is it the same with average students? No, so what happened was that I was in ICSE so I have an option to leave science in 9th and 10th and do ECO. So if you are very sure that you want to do commerce after 10th then you take ECO. But for me I loved Bio. So I wanted to do medicine but I selected science in ninth grade. I don't know what happened, something happened and then after Covid I'm like let's do CA. So I took commerce and then I did CA. So earlier you were in science and then you took a shift? Science stream in the sense 9th and 10th. Okay 9th and 10th. So I had the option to like leave it. do economics but I selected science. That's nice and like we discussed earlier, everybody from my family is a chartered accountant. So was there any pressure on you? No, my dad is a chartered accountant and even my mother I am a mother and my sisters are pursuing CA right now. So there was no pressure, they were very open. They said do whatever you want to do. But I think they just said that medicine... just think about it because it's too much hard work for too many years. Right, right, right. So, but then I thought about it and I said, how do I do this? It will be done. Everyone has a chartered accountant at home. And one more chartered accountant will be added. And some money will come to the house. Nothing, nothing like that. Okay, okay. So, now we will talk about inter. And this entire discussion which I am going to do now, it is going to be super helpful for all the students who are watching. So, watch this video properly, reduce the speed a little. Watch it properly, maybe you'll be able to grasp it in a better way. So, the first question is, when did you start your studies? I mean, you have done your classes from Ednawit and we met in Ednawit, right? So, my question is, before you started watching the first lecture, you started attending the first lecture, Did you ever think about ranking yourself? So, my dad is a ranker. So, I always had a dream that I want to meet that level. So, every CA aspirant, whoever is pursuing CA dreams of a rank. So, even I did dream about it. And touchwood, all my teachers from Ednawit and faculty, everyone was very supportive in it. So, obviously I dreamt about it. That's nice. Because before starting any course, if you have a dream of getting a rank, then in that case, that gives you a different kick altogether. Because you start working towards it in a different way. Because when I was studying, I never thought about ranking. And maybe that was the difference that I had cleared my final also in the third attempt and the approach was a bit different. And I guess this was the only difference which I could see. Yeah, the approach. I won't say the approach, it's just that if you dream too high, then I think you put in more efforts and you do it. I think you will be able to. Okay, that's nice. That's a nice answer. One more thing. If I compare classes of inter and final, I would say final classes are more comfortable to attend than inter classes. And I'll tell you the reason why because you must not have experienced that. But I'll tell you the reason because... For inter, we have only limited time to complete everything. And there are weddings, get-togethers, college exams, college assignments. And there can be a lot of backlog. True. So did you have any backlog? And if there is any, then how did you manage to cover it? Because, why I am asking, I am very sorry, it's a long question. But what happens is, if one lecture, three lectures, five lectures are missed, then in that case, class does not stop because syllabus goes ahead. So how did you manage to do that, like cover that? Okay, so the thing is that in our Ednoit class, they gave us recording lectures but those recordings were like 9 hours. So in a day, they were like 8-9 hours of lectures and everything. But to be very honest, I wasn't very consistent in attending lectures. I used to go to Shadiya and celebrations and everything like that. But I was very consistent. So, I just think that if you have a backlog then let it be at least attend the classes because I think everywhere sir gives you a basic gist that what to do first. I mean obviously you won't know everything what has been done but at least don't increase the backlog. Means if you have not attended one lecture then even if you don't attend the next lecture, don't do two lectures, just keep it one lecture. I think somewhere Saturdays, Sundays you don't have classes. You can cover it up over there. So, I think. Backlog is the reason people lag a lot. Exactly. I had to cover this question because it happens. And it is not student's mistake that they have backlogs. And I also understand because there are so many things which come in between for them. And they don't have options. And if they have an exam for 20 days or 15 to 20 days, then how do they cover backlog? It becomes a big challenge. That's why I wanted to include this point. And basically you said that you didn't delay. Even if there was a backlog, you just ensured that within as soon as you could cover. Yeah, so like sometimes, inter portion is too huge that for 7 months you have continuous classes, they won't give you breaks and everything. Like on Diwali you will have two days break and that's it. But I thought that let's do some fun. Because it's eight months, seven months huge studies. Rigorous. So that's why I had backlogs but then... I made a point that at least Saturdays and Sundays let me just complete it. Let me not sleep less but let me just complete it so that there is no problem in the future due to backlog. Okay, that's correct. Because I know people who had backlog of a month or so. So, the three months of self-study gets reduced to two months or something. Right, right. Okay, got it. So, one more question. When I was a student, I was not a brilliant student like you. I was always an average student. So, there must be many average students like me who are watching this video. I used to watch the first revision of the movie. then everything is understood very well in the class. Everything is perfect. And after that when we do the same thing after 2 months or 3 months, we don't remember anything. It feels like I am studying for the first time. It's the same problem I had. So, does it happen with us or with ARR? Everyone has that same problem. And when the class starts, you won't remember anything when you start again for the study. But that's completely different. completely normal and I think everyone understands it and I think that self study time you will have time to cover up the syllabus again. The only thing is that when the class starts you pay attention in the class. It's okay if the self study is not done at that time but just pay attention that the basic things whatever is covered you understand that and you do the homework whichever source give us. So you cover that up properly. So if you have it at that time and it's very common to. to forget things after. And to be very honest, you can't, like people say that revise in 15 days, you will remember it, but you don't have the time to revise it again. Correct. Because every subject we forget, like how can we revise every subject after 15 days? No, no, no, that is very common and I think during self-study you would have the time to understand the concept, not again entirely, but if you had taken like 3 hours classes time, you would be able to cover it in 1-1.5 hours. So, I think that is common. Okay, perfect. It's common, it happens with AR1 too. So it's okay, we should have a proper strategy and if we have a strategy to cover that, then in that case it is very much possible. So did you make any short notes or something to make, like after seeing those short notes you'll recollect that yes, this was the concept? So even in foundation I relied heavily on modules and even right now my classes, books were very nice but I also referred modules at the same time, that once you see both. So I didn't make any notes, for tax I did, for detail. I did make my own notes because that I think if you make it on your own, you will be able to quickly revise it and that is your own handwriting and you put in your own efforts to make the notes, so that happens. But in any other subject, I didn't make any notes. Like accounts, I think I did AS notes, I made a few notes. So concepts, basically you made short notes. Yes, but in classes they gave us very concise notes, I think. So even in GST, your book was very nice. So that is a very concise book. It's very quick to revise. So, in 100 pages we had covered the entire list. Yes, so that is very easy to revise. So, I think I didn't get to know anything else. Because I personally didn't have the time and I am more that if I repeat it again and again then it will go inside my head. Okay, so basically repetition is the key and which is really very important because I am not just talking about tax, in general I will talk about all the subjects for CA that repetition is so important because if we, there are so many things that we need to do. There is such a great content which we have in the entire CA course. So, you won't remember it once you read it. You will understand but you won't remember it. And we have to first understand it and then we have to ensure that we remember that. That is the problem with law and audit. Like you understand everything but... They don't give you the marks if you don't write it properly. Correct. So, I think repetition helps over there. Right. Perfect. Because after repetition, what happens is, after repeating, you get comfortable with the language. Yes. So, once you get comfortable with the language, it stays in your mind and when you see the questions, you understand the question, yes, I read this 2-3 times, I remember that I read this. And maybe, you know, you'll be able to connect that particular point with some of the incidences of which happened in the class. So, repetition is the key. The way I used to do it was that, first time, I used to write the question, When I am studying, like after my class, during my first study, I used to do it properly, meaning from the perspective of doing it by heart. Correct. Like I am talking about theory subjects. Theory subjects, correct. And then the second or third revision, I just used to go through it and read it, not in the mindset that I have to mug up. Okay. So it's just, when you revise it, I think it sets into your brain a little bit more. Okay, okay, okay, fine. So, Have you done any mistake, which you did first and after that you realized that you shouldn't have done the mistake? Because the point is that on the internet also if you see that in CA, in CS, anywhere, everywhere, what should be done, everybody speaks about. But what should not be done? Nobody speaks about it. According to me, that is the most important thing. Because what should not be done is a bit risky to say in the crowd that you should not do it. Because if that comes, then in that case it's a problem. But if I talk about it strategy wise, then what is it that you did it but after that you regretted that you should not have done it? So the one thing is that So I'll tell you subject right, so in accounts I focused too much into AS Okay And then I, I focused less on the bigger chapters which are much, according to me they are much more difficult and important than AS Correct, correct Because those 15-20 20 marks sum they ask randomly from those chapters. So I focus too much on ASL and later realized work and neither five big chapters are very much more important. And then in law I think section numbers I used to go too much by section numbers. and I was a person who didn't mug up section numbers because I didn't have that. But then in Turk IELTS everyone told me that you get marks for section numbers. But then later on I realised that you get marks for section numbers but it's half a mark. If you don't remember the content inside. That's a secondary part. If you remember the section numbers then write it. If you don't remember it and you're unsure then don't write it. It is better. And one of my professors told me that learn the content inside that good because sections are not that good. section number automatically you will remember. Correct. So there is one more point I want to add to this point that you should remember the section numbers because this is very common for students that do you have to remember the section numbers? So I always recommend my students to remember the section numbers why because if you know the section numbers you get a good grip over the chapter. Like for example if we talk about PGPP, in PGPP section 28 is this, section 29 is this, section 30 is But on the basis of numbers, we understand what the content is inside. And you get a good grip over it. But that was in law. In tax, I didn't make my own notes. And I was reading tax. GST you said? Yes. Because for DT you mentioned... DT I made my own notes. But in starting I didn't make it. I made it in the last two months I made my own notes. The main problem was that DT, I was reading DT. So it doesn't happen like that. You have to solve sums and you have to do that. So that was... was my major mistake in DT. GST, touchwood I didn't make any, I mean big mistakes I don't think I did anything. So, module and your book, so I referred those two books. And then audit, audit is... Audit, everyone is scared of audit. I am not saying that I don't feel it. When I was a student, I too felt scared. But let's go for audit, once the reference of audit has come up, let's talk about audit. You were saying something. because you can't remember everything in audit. But I think if I understood it, then I mugged it up. I think everyone knows that you need to do a little bit of mug-up. But first understand it properly. Take good time and just understand, read the chapters and everything. So, what's the point of audit? It's for studying. But I don't understand one thing. People say that, or students ask me, how to do audit? What do you have to do? Can we discuss about from the scratch, like if I have to do audit, how to start or the major problem that we forget audit, how to overcome that, what did you do for that? So the main thing which you will need to do is during the self-study period. During classes, very good faculty would teach you but that will be only teaching. So during self-study, you will need to focus and so what I did, I did ABC analysis. There were 11 chapters for us in audit. So I divided the important chapters and There were two chapters which are very huge but out of those, there were 5-10 marks were asked. Correct. So, those I kept on the back seat but I didn't skip anything which I would suggest everyone. Okay. Don't do selective study. Selective study because ICI is very unpredictable. Correct. You will ask only what you don't do. Right, right. Absolutely. So, I think don't, even if it's difficult just read it once, read it twice that at least you know the basic gist. What is in this? Correct. And many people recommended me to write and do audit. But I didn't have that much time. Time to do it. Yes, because writing it will take so long. Correct. I thought that so the important chapters I did write and do. But other than that just do it two, three times you will, I think you will get it. Okay. Did you write any mock test? Like in general I am asking not for audit but did you write any mock test? Yes, yes, yes. How many did you write? When did you write? Yes. So, I wrote, I think I wrote 3 to 4 mock tests. 3 to 4? Yeah, 3 to 4. Of all 4 subjects? All 6 subjects? No, it was of, I wrote 2 mock tests each of the theory subjects. Okay. Because I felt same questions, there's a probability that they can ask, but rather I would spend time on studying the entire portion again. Okay, right. But the practical subjects, I did write 3, 3-4 mock tests. So what happened? I wanted to write ICI mock test to just get an understanding of how it works. So, you wrote the ICI mock test and then the classes. Yes, but that I didn't go over there and write it because I think the mock test was, they didn't give us any breaks in the mock test. Correct. It was one after the other. Correct. So, there was no study in getting up. Correct. So, then Ednaway told me that you write and send it to us, we will check it on our own. Correct. Perfect. So, they did that for me. Great. So, I did write three more, three mock tests. Yes, and it's important to write it, I feel. That's really very important that mock tests should be written because what happens is before that person goes for the exam, that person should know that because what happens is that individually when we see any topic or when we see any chapter, everybody is comfortable with that chapter. Correct. The main challenge is not understanding that chapter or solving questions of that chapter. It is all about when you get all the chapters together, Are you able to recollect that particular point from that particular topic? So this interconnection is very important. It even helps you to understand that write GST first and then DT path. Correct, exactly. I have that question. So FMSM also, which one? How much time should I give? to MCQ, should I attempt it in the first half, second half, when ever. Correct, absolutely. And it happens that, I'll just go on that point once again, I'll continue that, that we need a net practice, as long as we... And maybe, I talked about cricket, playing on the ground and playing on the nets is very different. Because you should know exactly what are the challenges which you are going to face on the ground when there are no nets. So, the preparation and strategy of this, in the first mock test you will realise that I had just thought about it, it is not happening. So, maybe in the second mock test you will start realising. At least two to three mock tests you should try giving. It is for your benefit only, don't take this for granted. this as a burden. Do whatever you can do so that you understand how to interconnect the topics. Even if I think one mock test you give very religiously and even the second mock test if you study it roughly also not with all proper steps and everything but just roughly do it then too you will understand whether it is happening or not. Because sometimes we are in the delusion that it comes but you can't put it on paper which is completely valid. Right, absolutely. And it happens that I know the question and I know what to write but what to think about it. But when a piece of paper comes in front of you, blank paper and pen, then you don't understand where to start. Once you start, you'll know. Extremely right. Correct. Absolutely. So yes, point to be noted, mock test papers are very important. Okay. Let's move ahead with the third part, that is tax preparation. So in tax preparation, you have scored 88. It's crazy. Like 88 marks in tax. And specifically, why am I saying, why am I focusing so much on 88 marks? Because first of all, 88 marks are important. it marks this number is a huge number number one and number two if you see the paper like question paper agar dekha hoga then in that case that question paper was not very easy to get 88 and that's why i'm focusing more on 88 because it is not really very easy to get it in this paper specifically so what did you do in tax like dt ke liye amit rajapuroit sir se so he's an amazing professor toh abne kya kiya matlab jabhi dt aap unse padh rahe the idt mere se padh rahe the what exactly did you do in tax can you just tell people. So seeing the May 24 paper that was a pretty decent easy tax paper so thoda kaise malam tha ki September mein either they could ask moderate paper or extremely difficult, easy to nahi aayega. Correct because May 24 was. Yes I think that even you made a video about it ke keep your expectations ke tough paper to aayega and then I met you for GST and your GST book to be very honest I like that book a lot because. Because GST modules, if you see, it's a very huge module. And there are a lot of repetitions in GST modules. So, there's section and then they explain the same section. Correct. There are exemptions and everything, if you do it from the module, it's like a 100 page chapter. Correct. The content is the same. To be very honest, even I felt like how is it being covered in 100 pages of IC. But very honestly, it gets covered. So, that's what I did. I paid attention to the concept because in CA I feel there are many tough sums in text which you could spend like an hour or two just solving those sums. Correct. That's right. But the main point is the basic concept which you should know. Fundamentals. Yeah, the fundamentals, the principles are very important. So, I paid more attention in that and then during the self-study your videos they are very concise. So, I like that a lot like TDS and everything it's a 4-hour video. Correct. So, that helped me a lot because TDS will be over in 2 hours. So, what I used to do, I used to study on my own and then see your video. Okay. It gets a very nice understanding, I get it because I used to, you taught me already. So, I just had to revise it again because that was during lectures. Again, I mean that was a long time ago. Then you don't remember anything. Correct. That's right. That's right. Okay. So, this is a common question that in the paper, like, was it pre-determined that you will study? start with DT or you start with IDT. I had thought that I would start with this or I would go there and decide. So DT was interesting for me. Right. But GST was something which I understood. Correct. Okay. What do I understand? Do I understand praise or insight? No. DT was interesting but GST was not. DT, GST is very technical. It is more theory than DT. Yes. I can say that DT is more interesting, yes, but IDT is more scoring. Yes, extremely correct. So, in DT if you get a very good grip, then it's extremely scoring because they give direct marks. But, even when I was studying DT, I used to think about tax planning and all. So, it's very interesting to build on it. Correct. It's an old law, there are a lot of loopholes which have been closed. It's so interesting to study about it, even as you said you love DT. Correct. But once you start studying GST, you will understand that for me it was a strength in the tax paper because it was easier. The portion was also small and new. So I focused more on GST. Even during self-study, DT's concept was clear but then some solving and everything I didn't spend too much time because I was focusing more on GST. It was a smart move I can say that it is more scoring because you understand that why are there going to be more chapters? Yeah. And. So, for me, theory is more simpler for me to understand and write. So, in GST, there are many theory questions. Correct. So, that way, I think GST helped me. So, before the paper, I was determined that we will attempt GST first. Let me give, because GST is quite small if you go and write it. Correct. One hour, I think your theory would get over. Correct. Not even one hour, 45 minutes. I am talking about the 35 marks, which is theory. It's a good theory. So, I was determined that first I will write GST, then MCQs and then DT. Oh, okay. So, GST, MCQs of DT, IDT both or specifically? Yes, DT, IDT both. So, first I attempted IDT MCQs and then DT MCQs. So, what happens is that DT portion is a very huge syllabus. And you never know what they will ask you. Right, correct. And there are many times that after reading the question paper, you will be able to attest. attempted you think about that but then when you write it maybe you make some silly mistakes or something and then you stop in middle and so for me DT was always last which I like to have. Actually in DT there are a lot of silly mistakes, it's not about lack of understanding it is all about silly mistakes and we don't realize that mistake because we can't compare that yes this match is correct or wrong because in accounts for example if you make a mistake you understand that something is wrong and I will go and check it again. But in this there is a little mistake. problem hota hai absolutely. So you preferred IDT first then she did MCQs and then she preferred DT. Talking about tallying, none of my sums got tallied in exams. For tax or accounts? Accounts. That's nice. So what do you suggest, like suggest nahi, mai puchta hu ki when you are studying, during your study leaves, how much percentage did you spend for writing, like writing practice because I also mentioned that every time the writing practice is important, just don't do theory. So how much percentage of theory you could devote and you had devoted and how much writing practice genuinely practice. I'm not saying that the whole working... At least start to end at least make... So I think I didn't do DTE too much writing practice which is a very big mistake. I would say that at least eat a little because in the end you have to do that only in the paper. You have to write about it and if you don't know how to write then that becomes a tricky part. Correct. But GST I was, I wanted to make it my strength. So I did plenty of writing practice. Like plenty in the sense I think I did appropriate writing practice. And above all I solved... At least all the module sums. I feel that module sums, you should go through it and solve it. And I think all the books cover module sums. Any class books or anything, they cover it. Right. I'll go into more detail in terms of writing practice. Like, how do you define writing practice? Because see, why am I stressing so much on this point? Because people think that after seeing a question, they will do it in rough. So is that writing practice or maybe you write everything and then that is the writing practice. I won't be just understanding. So there are two types of people. Some people solve the sum, they read the sum and they solve it in the reading itself. But in the end, like for example, total income sum, 15 marks sum, you have to make the heads of income and you have to put it in. But if you don't practice it beforehand, then either you will not be able to do it or you will take a lot of time. Right. And you can't spend 45 minutes doing a 15 mark total income sum. So writing practice means you write it properly, at least once a fair presentation. With format and working notes. Yeah, with format. Like at least 2-3 sums you have to solve like that and then I think in a little rough way if you do because no one has that much time. Okay, okay. So basically writing practice means what students think that writing practice means just to look at questions. So it's not writing practice. It's just to look at questions. After seeing it, you have to ensure that on a piece of paper you are writing. Writing as in you are writing the entire sum. And one more point which students make this mistake, I just want to highlight that. That when they start writing practice, they are writing the answer. They will start with the answer. They will get stuck in between. They will see the answer. That is it going correctly? Okay, it is going correctly. Then they will continue. In this, the answer will come correct because you saw whether you are going right or not. But you never... Give any kind of confidence to yourself. Because the same situation can happen in the exam also. That you are not confident at one level and after that you realise, am I going in the right direction? This is not being practised. Think whether you are thinking in the right direction or not. This practice is not being practised because during the study time, I had seen the answers. So, whenever you practice, ensure that you get the final answer and then you check it with the main booklet answer. Because if the answer is different, you get that curiosity, what went wrong? And what's the worst that could happen? So, it's okay if you get it wrong. Right, exactly. If you get it right, you'll get confidence boost. If it's wrong, you just understand that I have to do more practice. Correct, exactly. Perfect. Everyone must have understood. One more thing that how much content did you consume on YouTube? Starting from all the subjects, specifically not for tax, we'll talk about tax later. But in general, because if you go on YouTube, including my channel, a lot of content, people are having a lot of content to consume and we don't understand which content to watch, what to watch. Because even you have different dances and music recommendations. So, how did you manage to do that and what all did you see? So, the thing I say is that teachers can only teach you. Correct. They'll make you understand the concept. But, after that it's all your game. Right. So, for content, I didn't refer YouTube that much for all other subjects. Because my classes, they taught me pretty well and I practiced a lot. And in the end, it was all self-study. You go through what you have done for those many seven months. But, tax was not enough. was a subject that it is very difficult to recollect. So for that I started using YouTube and you already taught me in Ednawit for IDT so then I referred your channel only. So I first saw the IDT lectures and then there were total income sums. I think it was a 5 hours lecture. So I saw that and then so basically you also post only the theory of the important part. Correct. So that is very quick to revise and you get it in but if you look at it like this, I personally did physical classes so I didn't refer YouTube that much but I think there is amazing faculty and amazing resources on YouTube as well which I could refer but for me it was more self-study so I didn't look at YouTube that much. I think Adnoit gave us recording lectures. So I had all your recorded lectures of IDT and everything. Correct. I used to refer that more. But for YouTube, I referred tax. Okay, for tax. So you had referred to any of my memory techniques? Yeah, deductions and everything, memory techniques. Exemptions as well. Okay, perfect. There was a video on exemption. There was a video on exemption. There was an exemption in one lecture. So the main videos of yours were? In IDT, I think too many of the videos like place of supply, time of supply, those are only two pages. And then I think TDS was something, I don't think of TDS much, there are too many sections and it's a very big chapter. Correct. So then I had to revise it many times and then I had to watch your videos many times. After seeing TDS's multiple times of memory techniques, maybe you'll remember the concepts well. Okay, fine. So we have talked a lot about the mistakes of inter and studies. Now let's talk a little bit in general. Like the last part of our podcast is this. Like do you believe in a study buddy? Like you know when I was a student, I used to think that there has to be one person who I will keep updated that how much I have studied. Right? Because if I have completed even one chapter, I used to call that person. Like how much did you study? Okay, if it is the same then it is fine. And have you ever experienced this? That if a friend is talking to you and if that person is leaving any topic, I used to leave that topic because my friend leaves it. Like again, does this happen only with average students or does this happen with the R1 as well? So one major change which I made for inter-self study was that I started a library. So library, because you have to study I think 8-9 hours a day. And it's important to study long hours. So it didn't happen at home, there were many distractions. I have a younger brother, so we used to talk to him. So I started a library and that helped a lot and I met many people over there. And in the library, the environment is completely different. People are only studying. Correct. So, I think that helped a lot and I made friends over there. Even though they are not pursuing CA, they are pursuing some other degree, but dedication is the same. Correct. So, I used to tell them, we had a break at 7 o'clock. That's when we used to talk about studies. So, after studying, obviously CA, all my friends, who were in my class too, we used to talk to each other about what's left. But rather than that I used to talk with my library people because they are not doing CA so you get a break from CA but at least you talk about how much has happened. And then one of my very good friends at night would say that this is happening and that is happening. So I think it's important you share. Because what happens is like I'll tell you that I get queries from a lot of students because it happens that online learning has changed a lot of things. Because online learning has given us convenience and advantages. There are more disadvantages than that. And one of the major disadvantages which I have seen and people have communicated to me is that everything is happening online when they are studying but they are not making friends in the lecture. What happens is if you have an app like in my case also I have an app and students won't understand who is watching the lecture. I don't take it on zoom. I have a different app. So, this way you don't understand and you don't have bonding. So, what I do is, I make a telegram group. I ensure that everybody speaks and I talk about everything but studies. So that everybody will get gel up, everybody will get comfortable with each other. Because it's very important that you don't have friends to share it with. That's why I asked you how important your friend can be in your success. So I think everyone knows that if you say it, you will lose friends. Not all, but a little cut off is necessary also. Because you have to study so much. But having those 2-3 people, at least one or two people. Or at least parents with someone. I just think talk for like half an hour, 45 minutes. And then you can go to sleep. Time pass. Anything other than studies is a good break and I think everyone needs that much break. Okay, perfect. So, one more thing. Do you want to mention any specific sacrifices your family did? Because family plays a vital role in anybody's success. Correct. So, why I feel that because I'll tell you when I was a student, I used to have a lot of issues with my voice. So, they ensured that the... cable connection is off. Like this is a sacrifice. We should appreciate this sacrifice. When my family used to say if you have to call anyone at home then they never did that because I shouldn't get disturbed. And they ensured that I am getting meals on time. They ensured that because I am I am a chai lover so I am getting chai on time. So, I get everything I need at home. And I was so privileged that I am getting everything on time. And you know, in the pressure of studies, we get irritated. unintentionally and you know that we say something unintentionally to our parents and I realized that after I became a chartered accountant when I think about it that I shouldn't have done that but even though we have said that they don't react to that and they understand and these are all things which need special attention and that's why do you want to specify any specific things? So as I said that my father knows that there is a lot of study in the scene. So if I was studying at home I think everything would be quiet. I mean no one would come in my room or something like that. But I personally, it was a personal choice that I want to study in an environment where everyone is studying so that distractions get less. But like I used to come home from the library for lunch so lunch was ready then. had to leave in half an hour. My dad used to wake me up in the morning and say, go. So I think that all helped a lot. And I used to return home at 10 PM at night. So they used to wait for dinner and everything. So I think family support is very important. Because if you are doing this course, it's a long process. become a CA after so many, 3-4 years. So I think you need a strong support system. And those who get it, they are very privileged. I want to especially mention those students who stay in hostels, who live in different cities. Genuinely I am telling you that I have stayed in Calcutta, I have stayed outside India as well and when you go away from your parents you realize the value of your parents i completely agree and you know i realized that something is missing and i was so privileged that i had everything in no i i feel blessed at least i was studying correct my parents they were there for me whenever i wanted to talk or something exactly and you were getting a good guidance as well yeah yeah guidance extremely right correct okay so we are at the end of the podcast uh i just don't Just want to ask you one more thing that do you have any golden advice to give to all the viewers who are watching this podcast. One golden advice that you did something different that maybe the other people didn't do. So the only thing I would give is take proper breaks or that will break you. I think studying for so long you need to take proper time for yourself. At least don't study on Sunday or study half a day on Sunday or something like that and just go. with your family, with your friends or alone just go and take a break so that you get refreshed to be very honest and break is not mobile phones. Correct. Like, some people say that I have studied the whole day so let me spend my mobile phone. It will eat your energy basically. I am not telling that you don't stay on a mobile phone for the whole year, that is completely not correct because we are living in that. You need entertainment. Correct. But at least for the end of 2-3 months just disconnect yourself from your phones, from your society or anyone. And get deep into the concept rather than going into the technical aspects of the sums. So like understand the concept very well. Like AS hai and anything like last time may attempt if you see the accounts paper they tested on concepts. Right. Perfect. So understand the concept very well. If you don't understand the concept ask questions. Go on Google, go on YouTube or anywhere and understand deep into the concept otherwise wo upar upar se some kassi important part if you see na then you miss the concept and I think ICI would play on it. that right so do that properly and i think just don't give up in the middle it's a very long process everyone knows it but if you have selected it just give a good attempt give you a hundred percent and let the rest happen as it happens so not too much tension amazing amazing so we had a great chat like you were very free in the podcast and you know you were yourself and i just want to highlight one thing that uh uh in spite of the fact that know you have got ar1 you are really very humble like i want you to stay the same because this is really very important and you are really very humble and please stay the same i loved your attitude i loved your communication skills everything is just amazing and i wish you all the luck thank you thank you very much if you feel that i will be helpful somewhere then in that case i will always be there no no thank you so much for everything for your idt lectures dt lectures Thank you so much. YouTube and the support which you're giving right now to all your students. Thank you. Your marathons and everything before the exam. Truly admire that. Thank you. Thank you so much. Nice to meet you. Nice to meet you. Thank you. So guys, I hope that this podcast was helpful for you. And if yes, if you have not yet subscribed to this channel, please don't forget to hit the subscribe button. Hit the like button. This is Yamit Majan. I will see you in the next video till then. Bye bye. See you and take care. Bye bye.

If they have an exam for 20 days or 15 to 20 days, then how do you cover the backlog? It becomes a big challenge and that's why I wanted to include this point. When I was in school, I wanted to be a tailor. I always had a dream.

I don't know what I have seen, but I wanted to be a tailor. I was like, they earn a lot and I wanted to be a tailor. So did you have anything or have you always... And then I think TDS was something...

I don't think of TDS that much. There are too many sections and it's a very big chapter. Correct. So then I had to revise it many times. And then I had to watch your videos many times.

After watching my technique multiple times, I thought maybe you'll... remember the concept well. Okay, fine. I will always be there.

No, no. Thank you so much for everything. For your IDT lectures, DTE lectures, YouTube and the support which you're giving right now to all your students.

Thank you. Your marathons and everything before the exam. Truly admire that. Thank you. Hello guys, what's up?

This is Siamat Mahajan. I hope that you are doing absolutely well and we have a very very very special guest today CA Inter All India Rank 1 Parmi Parekh and the best thing is I'm really very happy and proud to say this that she has scored 88 marks in taxation subject and let's welcome Parveen Parekh. Parveen, thank you so much for taking time you know I you have become a celebrity now. phone calls, you must have received so many requests for the podcast and you have taken out time.

I am very glad and thank you so much for coming here. No problem, you are welcome. Parmi, like the first question of the podcast is always, how was your first reaction?

Where were you and how exactly can you tell the whole scenario? I didn't open my result in front of my parents. My father was in the office, my mom was outside, I was in my room and so you get the call of the press.

precedent prior to the results. So I didn't pick up his calls because it was barely 10 minutes left and he was calling me but then he's like hey you scored all India Rank 1. Wow, such a great feeling. Yes. Just one thing, we will keep it a little candid, we will not talk about anything formal.

Just one thing, how did you get into schooling? Can you tell us your background? Which college were you in? I stay in Ghatkopar, so I did my schooling from PG Karodia school.

Okay. And it was a very nice experience, like all my teachers, staff, they were very friendly, very nice, principal and everyone. And then my 10th was online, so I didn't give that exam. Then for 11th and 12th, I was in NM college. And over there, I had some amazing faculty over there and I did my classes from Abhaisal, which is an amazing person.

Like even I think my 8th, 9th, 10th, my sir was amazing. And then I went to the University of Delhi, and I did my 12th and 13th. and he set the bar too high for all teachers.

Correct. So then I did from NM college and now finally I'm doing BCom from HR right now. Okay, that's nice.

So this entire podcast, let's divide this podcast into four parts. We'll talk about pre-inter. What difficulties did you face in inter and what different did you do to achieve that AR1? And after that we'll talk about tax because you have the highest marks in tax.

And last but not the least, that is general questions. What let me. So, first of all, when you were in school, were you always on the top? And how did you prepare for the inter?

So, in our school from 5th grade there used to be a rankers list. So, there were around 10-12 rankers in each list. So, I made the list but I wasn't on top. There were people ahead of me, my very good friends who were like...

The rankers but I was a little good in studies. Nice. Okay.

So, there is one more very weird question. When we were in school, when we are in school, we don't have any idea what we have to do. So when I was in school I wanted to become a tailor. I always had a dream, I don't know what I have seen but I wanted to become a tailor.

I was like, they earn a lot and they want to make me a tailor. So did you have anything or is it the same with average students? No, so what happened was that I was in ICSE so I have an option to leave science in 9th and 10th and do ECO.

So if you are very sure that you want to do commerce after 10th then you take ECO. But for me I loved Bio. So I wanted to do medicine but I selected science in ninth grade. I don't know what happened, something happened and then after Covid I'm like let's do CA.

So I took commerce and then I did CA. So earlier you were in science and then you took a shift? Science stream in the sense 9th and 10th.

Okay 9th and 10th. So I had the option to like leave it. do economics but I selected science.

That's nice and like we discussed earlier, everybody from my family is a chartered accountant. So was there any pressure on you? No, my dad is a chartered accountant and even my mother I am a mother and my sisters are pursuing CA right now. So there was no pressure, they were very open.

They said do whatever you want to do. But I think they just said that medicine... just think about it because it's too much hard work for too many years.

Right, right, right. So, but then I thought about it and I said, how do I do this? It will be done.

Everyone has a chartered accountant at home. And one more chartered accountant will be added. And some money will come to the house.

Nothing, nothing like that. Okay, okay. So, now we will talk about inter.

And this entire discussion which I am going to do now, it is going to be super helpful for all the students who are watching. So, watch this video properly, reduce the speed a little. Watch it properly, maybe you'll be able to grasp it in a better way.

So, the first question is, when did you start your studies? I mean, you have done your classes from Ednawit and we met in Ednawit, right? So, my question is, before you started watching the first lecture, you started attending the first lecture, Did you ever think about ranking yourself? So, my dad is a ranker. So, I always had a dream that I want to meet that level.

So, every CA aspirant, whoever is pursuing CA dreams of a rank. So, even I did dream about it. And touchwood, all my teachers from Ednawit and faculty, everyone was very supportive in it. So, obviously I dreamt about it.

That's nice. Because before starting any course, if you have a dream of getting a rank, then in that case, that gives you a different kick altogether. Because you start working towards it in a different way. Because when I was studying, I never thought about ranking. And maybe that was the difference that I had cleared my final also in the third attempt and the approach was a bit different.

And I guess this was the only difference which I could see. Yeah, the approach. I won't say the approach, it's just that if you dream too high, then I think you put in more efforts and you do it.

I think you will be able to. Okay, that's nice. That's a nice answer. One more thing. If I compare classes of inter and final, I would say final classes are more comfortable to attend than inter classes.

And I'll tell you the reason why because you must not have experienced that. But I'll tell you the reason because... For inter, we have only limited time to complete everything.

And there are weddings, get-togethers, college exams, college assignments. And there can be a lot of backlog. True.

So did you have any backlog? And if there is any, then how did you manage to cover it? Because, why I am asking, I am very sorry, it's a long question.

But what happens is, if one lecture, three lectures, five lectures are missed, then in that case, class does not stop because syllabus goes ahead. So how did you manage to do that, like cover that? Okay, so the thing is that in our Ednoit class, they gave us recording lectures but those recordings were like 9 hours. So in a day, they were like 8-9 hours of lectures and everything. But to be very honest, I wasn't very consistent in attending lectures.

I used to go to Shadiya and celebrations and everything like that. But I was very consistent. So, I just think that if you have a backlog then let it be at least attend the classes because I think everywhere sir gives you a basic gist that what to do first.

I mean obviously you won't know everything what has been done but at least don't increase the backlog. Means if you have not attended one lecture then even if you don't attend the next lecture, don't do two lectures, just keep it one lecture. I think somewhere Saturdays, Sundays you don't have classes. You can cover it up over there.

So, I think. Backlog is the reason people lag a lot. Exactly.

I had to cover this question because it happens. And it is not student's mistake that they have backlogs. And I also understand because there are so many things which come in between for them.

And they don't have options. And if they have an exam for 20 days or 15 to 20 days, then how do they cover backlog? It becomes a big challenge.

That's why I wanted to include this point. And basically you said that you didn't delay. Even if there was a backlog, you just ensured that within as soon as you could cover. Yeah, so like sometimes, inter portion is too huge that for 7 months you have continuous classes, they won't give you breaks and everything.

Like on Diwali you will have two days break and that's it. But I thought that let's do some fun. Because it's eight months, seven months huge studies.

Rigorous. So that's why I had backlogs but then... I made a point that at least Saturdays and Sundays let me just complete it.

Let me not sleep less but let me just complete it so that there is no problem in the future due to backlog. Okay, that's correct. Because I know people who had backlog of a month or so.

So, the three months of self-study gets reduced to two months or something. Right, right. Okay, got it.

So, one more question. When I was a student, I was not a brilliant student like you. I was always an average student.

So, there must be many average students like me who are watching this video. I used to watch the first revision of the movie. then everything is understood very well in the class. Everything is perfect.

And after that when we do the same thing after 2 months or 3 months, we don't remember anything. It feels like I am studying for the first time. It's the same problem I had.

So, does it happen with us or with ARR? Everyone has that same problem. And when the class starts, you won't remember anything when you start again for the study.

But that's completely different. completely normal and I think everyone understands it and I think that self study time you will have time to cover up the syllabus again. The only thing is that when the class starts you pay attention in the class.

It's okay if the self study is not done at that time but just pay attention that the basic things whatever is covered you understand that and you do the homework whichever source give us. So you cover that up properly. So if you have it at that time and it's very common to.

to forget things after. And to be very honest, you can't, like people say that revise in 15 days, you will remember it, but you don't have the time to revise it again. Correct.

Because every subject we forget, like how can we revise every subject after 15 days? No, no, no, that is very common and I think during self-study you would have the time to understand the concept, not again entirely, but if you had taken like 3 hours classes time, you would be able to cover it in 1-1.5 hours. So, I think that is common.

Okay, perfect. It's common, it happens with AR1 too. So it's okay, we should have a proper strategy and if we have a strategy to cover that, then in that case it is very much possible. So did you make any short notes or something to make, like after seeing those short notes you'll recollect that yes, this was the concept?

So even in foundation I relied heavily on modules and even right now my classes, books were very nice but I also referred modules at the same time, that once you see both. So I didn't make any notes, for tax I did, for detail. I did make my own notes because that I think if you make it on your own, you will be able to quickly revise it and that is your own handwriting and you put in your own efforts to make the notes, so that happens.

But in any other subject, I didn't make any notes. Like accounts, I think I did AS notes, I made a few notes. So concepts, basically you made short notes.

Yes, but in classes they gave us very concise notes, I think. So even in GST, your book was very nice. So that is a very concise book.

It's very quick to revise. So, in 100 pages we had covered the entire list. Yes, so that is very easy to revise.

So, I think I didn't get to know anything else. Because I personally didn't have the time and I am more that if I repeat it again and again then it will go inside my head. Okay, so basically repetition is the key and which is really very important because I am not just talking about tax, in general I will talk about all the subjects for CA that repetition is so important because if we, there are so many things that we need to do. There is such a great content which we have in the entire CA course.

So, you won't remember it once you read it. You will understand but you won't remember it. And we have to first understand it and then we have to ensure that we remember that.

That is the problem with law and audit. Like you understand everything but... They don't give you the marks if you don't write it properly. Correct.

So, I think repetition helps over there. Right. Perfect. Because after repetition, what happens is, after repeating, you get comfortable with the language.

Yes. So, once you get comfortable with the language, it stays in your mind and when you see the questions, you understand the question, yes, I read this 2-3 times, I remember that I read this. And maybe, you know, you'll be able to connect that particular point with some of the incidences of which happened in the class. So, repetition is the key. The way I used to do it was that, first time, I used to write the question, When I am studying, like after my class, during my first study, I used to do it properly, meaning from the perspective of doing it by heart.

Correct. Like I am talking about theory subjects. Theory subjects, correct.

And then the second or third revision, I just used to go through it and read it, not in the mindset that I have to mug up. Okay. So it's just, when you revise it, I think it sets into your brain a little bit more.

Okay, okay, okay, fine. So, Have you done any mistake, which you did first and after that you realized that you shouldn't have done the mistake? Because the point is that on the internet also if you see that in CA, in CS, anywhere, everywhere, what should be done, everybody speaks about.

But what should not be done? Nobody speaks about it. According to me, that is the most important thing. Because what should not be done is a bit risky to say in the crowd that you should not do it. Because if that comes, then in that case it's a problem.

But if I talk about it strategy wise, then what is it that you did it but after that you regretted that you should not have done it? So the one thing is that So I'll tell you subject right, so in accounts I focused too much into AS Okay And then I, I focused less on the bigger chapters which are much, according to me they are much more difficult and important than AS Correct, correct Because those 15-20 20 marks sum they ask randomly from those chapters. So I focus too much on ASL and later realized work and neither five big chapters are very much more important. And then in law I think section numbers I used to go too much by section numbers. and I was a person who didn't mug up section numbers because I didn't have that.

But then in Turk IELTS everyone told me that you get marks for section numbers. But then later on I realised that you get marks for section numbers but it's half a mark. If you don't remember the content inside. That's a secondary part. If you remember the section numbers then write it.

If you don't remember it and you're unsure then don't write it. It is better. And one of my professors told me that learn the content inside that good because sections are not that good. section number automatically you will remember.

Correct. So there is one more point I want to add to this point that you should remember the section numbers because this is very common for students that do you have to remember the section numbers? So I always recommend my students to remember the section numbers why because if you know the section numbers you get a good grip over the chapter. Like for example if we talk about PGPP, in PGPP section 28 is this, section 29 is this, section 30 is But on the basis of numbers, we understand what the content is inside.

And you get a good grip over it. But that was in law. In tax, I didn't make my own notes.

And I was reading tax. GST you said? Yes.

Because for DT you mentioned... DT I made my own notes. But in starting I didn't make it.

I made it in the last two months I made my own notes. The main problem was that DT, I was reading DT. So it doesn't happen like that. You have to solve sums and you have to do that.

So that was... was my major mistake in DT. GST, touchwood I didn't make any, I mean big mistakes I don't think I did anything. So, module and your book, so I referred those two books. And then audit, audit is...

Audit, everyone is scared of audit. I am not saying that I don't feel it. When I was a student, I too felt scared.

But let's go for audit, once the reference of audit has come up, let's talk about audit. You were saying something. because you can't remember everything in audit.

But I think if I understood it, then I mugged it up. I think everyone knows that you need to do a little bit of mug-up. But first understand it properly.

Take good time and just understand, read the chapters and everything. So, what's the point of audit? It's for studying.

But I don't understand one thing. People say that, or students ask me, how to do audit? What do you have to do?

Can we discuss about from the scratch, like if I have to do audit, how to start or the major problem that we forget audit, how to overcome that, what did you do for that? So the main thing which you will need to do is during the self-study period. During classes, very good faculty would teach you but that will be only teaching.

So during self-study, you will need to focus and so what I did, I did ABC analysis. There were 11 chapters for us in audit. So I divided the important chapters and There were two chapters which are very huge but out of those, there were 5-10 marks were asked.

Correct. So, those I kept on the back seat but I didn't skip anything which I would suggest everyone. Okay. Don't do selective study. Selective study because ICI is very unpredictable.

Correct. You will ask only what you don't do. Right, right.

Absolutely. So, I think don't, even if it's difficult just read it once, read it twice that at least you know the basic gist. What is in this?

Correct. And many people recommended me to write and do audit. But I didn't have that much time. Time to do it. Yes, because writing it will take so long.

Correct. I thought that so the important chapters I did write and do. But other than that just do it two, three times you will, I think you will get it. Okay.

Did you write any mock test? Like in general I am asking not for audit but did you write any mock test? Yes, yes, yes. How many did you write? When did you write?

Yes. So, I wrote, I think I wrote 3 to 4 mock tests. 3 to 4?

Yeah, 3 to 4. Of all 4 subjects? All 6 subjects? No, it was of, I wrote 2 mock tests each of the theory subjects.

Okay. Because I felt same questions, there's a probability that they can ask, but rather I would spend time on studying the entire portion again. Okay, right. But the practical subjects, I did write 3, 3-4 mock tests. So what happened?

I wanted to write ICI mock test to just get an understanding of how it works. So, you wrote the ICI mock test and then the classes. Yes, but that I didn't go over there and write it because I think the mock test was, they didn't give us any breaks in the mock test.

Correct. It was one after the other. Correct. So, there was no study in getting up.

Correct. So, then Ednaway told me that you write and send it to us, we will check it on our own. Correct.

Perfect. So, they did that for me. Great.

So, I did write three more, three mock tests. Yes, and it's important to write it, I feel. That's really very important that mock tests should be written because what happens is before that person goes for the exam, that person should know that because what happens is that individually when we see any topic or when we see any chapter, everybody is comfortable with that chapter. Correct. The main challenge is not understanding that chapter or solving questions of that chapter.

It is all about when you get all the chapters together, Are you able to recollect that particular point from that particular topic? So this interconnection is very important. It even helps you to understand that write GST first and then DT path. Correct, exactly.

I have that question. So FMSM also, which one? How much time should I give? to MCQ, should I attempt it in the first half, second half, when ever. Correct, absolutely.

And it happens that, I'll just go on that point once again, I'll continue that, that we need a net practice, as long as we... And maybe, I talked about cricket, playing on the ground and playing on the nets is very different. Because you should know exactly what are the challenges which you are going to face on the ground when there are no nets.

So, the preparation and strategy of this, in the first mock test you will realise that I had just thought about it, it is not happening. So, maybe in the second mock test you will start realising. At least two to three mock tests you should try giving.

It is for your benefit only, don't take this for granted. this as a burden. Do whatever you can do so that you understand how to interconnect the topics.

Even if I think one mock test you give very religiously and even the second mock test if you study it roughly also not with all proper steps and everything but just roughly do it then too you will understand whether it is happening or not. Because sometimes we are in the delusion that it comes but you can't put it on paper which is completely valid. Right, absolutely.

And it happens that I know the question and I know what to write but what to think about it. But when a piece of paper comes in front of you, blank paper and pen, then you don't understand where to start. Once you start, you'll know.

Extremely right. Correct. Absolutely. So yes, point to be noted, mock test papers are very important.

Okay. Let's move ahead with the third part, that is tax preparation. So in tax preparation, you have scored 88. It's crazy. Like 88 marks in tax.

And specifically, why am I saying, why am I focusing so much on 88 marks? Because first of all, 88 marks are important. it marks this number is a huge number number one and number two if you see the paper like question paper agar dekha hoga then in that case that question paper was not very easy to get 88 and that's why i'm focusing more on 88 because it is not really very easy to get it in this paper specifically so what did you do in tax like dt ke liye amit rajapuroit sir se so he's an amazing professor toh abne kya kiya matlab jabhi dt aap unse padh rahe the idt mere se padh rahe the what exactly did you do in tax can you just tell people.

So seeing the May 24 paper that was a pretty decent easy tax paper so thoda kaise malam tha ki September mein either they could ask moderate paper or extremely difficult, easy to nahi aayega. Correct because May 24 was. Yes I think that even you made a video about it ke keep your expectations ke tough paper to aayega and then I met you for GST and your GST book to be very honest I like that book a lot because. Because GST modules, if you see, it's a very huge module.

And there are a lot of repetitions in GST modules. So, there's section and then they explain the same section. Correct.

There are exemptions and everything, if you do it from the module, it's like a 100 page chapter. Correct. The content is the same. To be very honest, even I felt like how is it being covered in 100 pages of IC. But very honestly, it gets covered.

So, that's what I did. I paid attention to the concept because in CA I feel there are many tough sums in text which you could spend like an hour or two just solving those sums. Correct.

That's right. But the main point is the basic concept which you should know. Fundamentals.

Yeah, the fundamentals, the principles are very important. So, I paid more attention in that and then during the self-study your videos they are very concise. So, I like that a lot like TDS and everything it's a 4-hour video.

Correct. So, that helped me a lot because TDS will be over in 2 hours. So, what I used to do, I used to study on my own and then see your video. Okay. It gets a very nice understanding, I get it because I used to, you taught me already.

So, I just had to revise it again because that was during lectures. Again, I mean that was a long time ago. Then you don't remember anything.

Correct. That's right. That's right. Okay. So, this is a common question that in the paper, like, was it pre-determined that you will study?

start with DT or you start with IDT. I had thought that I would start with this or I would go there and decide. So DT was interesting for me.

Right. But GST was something which I understood. Correct. Okay.

What do I understand? Do I understand praise or insight? No.

DT was interesting but GST was not. DT, GST is very technical. It is more theory than DT. Yes. I can say that DT is more interesting, yes, but IDT is more scoring.

Yes, extremely correct. So, in DT if you get a very good grip, then it's extremely scoring because they give direct marks. But, even when I was studying DT, I used to think about tax planning and all. So, it's very interesting to build on it. Correct.

It's an old law, there are a lot of loopholes which have been closed. It's so interesting to study about it, even as you said you love DT. Correct.

But once you start studying GST, you will understand that for me it was a strength in the tax paper because it was easier. The portion was also small and new. So I focused more on GST. Even during self-study, DT's concept was clear but then some solving and everything I didn't spend too much time because I was focusing more on GST. It was a smart move I can say that it is more scoring because you understand that why are there going to be more chapters?

Yeah. And. So, for me, theory is more simpler for me to understand and write.

So, in GST, there are many theory questions. Correct. So, that way, I think GST helped me. So, before the paper, I was determined that we will attempt GST first. Let me give, because GST is quite small if you go and write it.

Correct. One hour, I think your theory would get over. Correct.

Not even one hour, 45 minutes. I am talking about the 35 marks, which is theory. It's a good theory. So, I was determined that first I will write GST, then MCQs and then DT.

Oh, okay. So, GST, MCQs of DT, IDT both or specifically? Yes, DT, IDT both.

So, first I attempted IDT MCQs and then DT MCQs. So, what happens is that DT portion is a very huge syllabus. And you never know what they will ask you.

Right, correct. And there are many times that after reading the question paper, you will be able to attest. attempted you think about that but then when you write it maybe you make some silly mistakes or something and then you stop in middle and so for me DT was always last which I like to have. Actually in DT there are a lot of silly mistakes, it's not about lack of understanding it is all about silly mistakes and we don't realize that mistake because we can't compare that yes this match is correct or wrong because in accounts for example if you make a mistake you understand that something is wrong and I will go and check it again.

But in this there is a little mistake. problem hota hai absolutely. So you preferred IDT first then she did MCQs and then she preferred DT. Talking about tallying, none of my sums got tallied in exams.

For tax or accounts? Accounts. That's nice. So what do you suggest, like suggest nahi, mai puchta hu ki when you are studying, during your study leaves, how much percentage did you spend for writing, like writing practice because I also mentioned that every time the writing practice is important, just don't do theory. So how much percentage of theory you could devote and you had devoted and how much writing practice genuinely practice.

I'm not saying that the whole working... At least start to end at least make... So I think I didn't do DTE too much writing practice which is a very big mistake.

I would say that at least eat a little because in the end you have to do that only in the paper. You have to write about it and if you don't know how to write then that becomes a tricky part. Correct. But GST I was, I wanted to make it my strength.

So I did plenty of writing practice. Like plenty in the sense I think I did appropriate writing practice. And above all I solved...

At least all the module sums. I feel that module sums, you should go through it and solve it. And I think all the books cover module sums.

Any class books or anything, they cover it. Right. I'll go into more detail in terms of writing practice.

Like, how do you define writing practice? Because see, why am I stressing so much on this point? Because people think that after seeing a question, they will do it in rough.

So is that writing practice or maybe you write everything and then that is the writing practice. I won't be just understanding. So there are two types of people.

Some people solve the sum, they read the sum and they solve it in the reading itself. But in the end, like for example, total income sum, 15 marks sum, you have to make the heads of income and you have to put it in. But if you don't practice it beforehand, then either you will not be able to do it or you will take a lot of time.

Right. And you can't spend 45 minutes doing a 15 mark total income sum. So writing practice means you write it properly, at least once a fair presentation.

With format and working notes. Yeah, with format. Like at least 2-3 sums you have to solve like that and then I think in a little rough way if you do because no one has that much time. Okay, okay.

So basically writing practice means what students think that writing practice means just to look at questions. So it's not writing practice. It's just to look at questions.

After seeing it, you have to ensure that on a piece of paper you are writing. Writing as in you are writing the entire sum. And one more point which students make this mistake, I just want to highlight that.

That when they start writing practice, they are writing the answer. They will start with the answer. They will get stuck in between.

They will see the answer. That is it going correctly? Okay, it is going correctly.

Then they will continue. In this, the answer will come correct because you saw whether you are going right or not. But you never...

Give any kind of confidence to yourself. Because the same situation can happen in the exam also. That you are not confident at one level and after that you realise, am I going in the right direction? This is not being practised.

Think whether you are thinking in the right direction or not. This practice is not being practised because during the study time, I had seen the answers. So, whenever you practice, ensure that you get the final answer and then you check it with the main booklet answer. Because if the answer is different, you get that curiosity, what went wrong?

And what's the worst that could happen? So, it's okay if you get it wrong. Right, exactly. If you get it right, you'll get confidence boost. If it's wrong, you just understand that I have to do more practice.

Correct, exactly. Perfect. Everyone must have understood. One more thing that how much content did you consume on YouTube? Starting from all the subjects, specifically not for tax, we'll talk about tax later.

But in general, because if you go on YouTube, including my channel, a lot of content, people are having a lot of content to consume and we don't understand which content to watch, what to watch. Because even you have different dances and music recommendations. So, how did you manage to do that and what all did you see?

So, the thing I say is that teachers can only teach you. Correct. They'll make you understand the concept. But, after that it's all your game.

Right. So, for content, I didn't refer YouTube that much for all other subjects. Because my classes, they taught me pretty well and I practiced a lot.

And in the end, it was all self-study. You go through what you have done for those many seven months. But, tax was not enough.

was a subject that it is very difficult to recollect. So for that I started using YouTube and you already taught me in Ednawit for IDT so then I referred your channel only. So I first saw the IDT lectures and then there were total income sums.

I think it was a 5 hours lecture. So I saw that and then so basically you also post only the theory of the important part. Correct. So that is very quick to revise and you get it in but if you look at it like this, I personally did physical classes so I didn't refer YouTube that much but I think there is amazing faculty and amazing resources on YouTube as well which I could refer but for me it was more self-study so I didn't look at YouTube that much.

I think Adnoit gave us recording lectures. So I had all your recorded lectures of IDT and everything. Correct. I used to refer that more.

But for YouTube, I referred tax. Okay, for tax. So you had referred to any of my memory techniques?

Yeah, deductions and everything, memory techniques. Exemptions as well. Okay, perfect. There was a video on exemption. There was a video on exemption.

There was an exemption in one lecture. So the main videos of yours were? In IDT, I think too many of the videos like place of supply, time of supply, those are only two pages. And then I think TDS was something, I don't think of TDS much, there are too many sections and it's a very big chapter.

Correct. So then I had to revise it many times and then I had to watch your videos many times. After seeing TDS's multiple times of memory techniques, maybe you'll remember the concepts well.

Okay, fine. So we have talked a lot about the mistakes of inter and studies. Now let's talk a little bit in general.

Like the last part of our podcast is this. Like do you believe in a study buddy? Like you know when I was a student, I used to think that there has to be one person who I will keep updated that how much I have studied. Right?

Because if I have completed even one chapter, I used to call that person. Like how much did you study? Okay, if it is the same then it is fine. And have you ever experienced this? That if a friend is talking to you and if that person is leaving any topic, I used to leave that topic because my friend leaves it.

Like again, does this happen only with average students or does this happen with the R1 as well? So one major change which I made for inter-self study was that I started a library. So library, because you have to study I think 8-9 hours a day.

And it's important to study long hours. So it didn't happen at home, there were many distractions. I have a younger brother, so we used to talk to him.

So I started a library and that helped a lot and I met many people over there. And in the library, the environment is completely different. People are only studying.

Correct. So, I think that helped a lot and I made friends over there. Even though they are not pursuing CA, they are pursuing some other degree, but dedication is the same. Correct.

So, I used to tell them, we had a break at 7 o'clock. That's when we used to talk about studies. So, after studying, obviously CA, all my friends, who were in my class too, we used to talk to each other about what's left.

But rather than that I used to talk with my library people because they are not doing CA so you get a break from CA but at least you talk about how much has happened. And then one of my very good friends at night would say that this is happening and that is happening. So I think it's important you share. Because what happens is like I'll tell you that I get queries from a lot of students because it happens that online learning has changed a lot of things.

Because online learning has given us convenience and advantages. There are more disadvantages than that. And one of the major disadvantages which I have seen and people have communicated to me is that everything is happening online when they are studying but they are not making friends in the lecture. What happens is if you have an app like in my case also I have an app and students won't understand who is watching the lecture.

I don't take it on zoom. I have a different app. So, this way you don't understand and you don't have bonding. So, what I do is, I make a telegram group. I ensure that everybody speaks and I talk about everything but studies.

So that everybody will get gel up, everybody will get comfortable with each other. Because it's very important that you don't have friends to share it with. That's why I asked you how important your friend can be in your success.

So I think everyone knows that if you say it, you will lose friends. Not all, but a little cut off is necessary also. Because you have to study so much.

But having those 2-3 people, at least one or two people. Or at least parents with someone. I just think talk for like half an hour, 45 minutes.

And then you can go to sleep. Time pass. Anything other than studies is a good break and I think everyone needs that much break. Okay, perfect.

So, one more thing. Do you want to mention any specific sacrifices your family did? Because family plays a vital role in anybody's success.

Correct. So, why I feel that because I'll tell you when I was a student, I used to have a lot of issues with my voice. So, they ensured that the... cable connection is off.

Like this is a sacrifice. We should appreciate this sacrifice. When my family used to say if you have to call anyone at home then they never did that because I shouldn't get disturbed.

And they ensured that I am getting meals on time. They ensured that because I am I am a chai lover so I am getting chai on time. So, I get everything I need at home. And I was so privileged that I am getting everything on time. And you know, in the pressure of studies, we get irritated.

unintentionally and you know that we say something unintentionally to our parents and I realized that after I became a chartered accountant when I think about it that I shouldn't have done that but even though we have said that they don't react to that and they understand and these are all things which need special attention and that's why do you want to specify any specific things? So as I said that my father knows that there is a lot of study in the scene. So if I was studying at home I think everything would be quiet. I mean no one would come in my room or something like that. But I personally, it was a personal choice that I want to study in an environment where everyone is studying so that distractions get less.

But like I used to come home from the library for lunch so lunch was ready then. had to leave in half an hour. My dad used to wake me up in the morning and say, go. So I think that all helped a lot. And I used to return home at 10 PM at night.

So they used to wait for dinner and everything. So I think family support is very important. Because if you are doing this course, it's a long process. become a CA after so many, 3-4 years. So I think you need a strong support system.

And those who get it, they are very privileged. I want to especially mention those students who stay in hostels, who live in different cities. Genuinely I am telling you that I have stayed in Calcutta, I have stayed outside India as well and when you go away from your parents you realize the value of your parents i completely agree and you know i realized that something is missing and i was so privileged that i had everything in no i i feel blessed at least i was studying correct my parents they were there for me whenever i wanted to talk or something exactly and you were getting a good guidance as well yeah yeah guidance extremely right correct okay so we are at the end of the podcast uh i just don't Just want to ask you one more thing that do you have any golden advice to give to all the viewers who are watching this podcast. One golden advice that you did something different that maybe the other people didn't do. So the only thing I would give is take proper breaks or that will break you.

I think studying for so long you need to take proper time for yourself. At least don't study on Sunday or study half a day on Sunday or something like that and just go. with your family, with your friends or alone just go and take a break so that you get refreshed to be very honest and break is not mobile phones. Correct. Like, some people say that I have studied the whole day so let me spend my mobile phone.

It will eat your energy basically. I am not telling that you don't stay on a mobile phone for the whole year, that is completely not correct because we are living in that. You need entertainment. Correct.

But at least for the end of 2-3 months just disconnect yourself from your phones, from your society or anyone. And get deep into the concept rather than going into the technical aspects of the sums. So like understand the concept very well.

Like AS hai and anything like last time may attempt if you see the accounts paper they tested on concepts. Right. Perfect.

So understand the concept very well. If you don't understand the concept ask questions. Go on Google, go on YouTube or anywhere and understand deep into the concept otherwise wo upar upar se some kassi important part if you see na then you miss the concept and I think ICI would play on it.

that right so do that properly and i think just don't give up in the middle it's a very long process everyone knows it but if you have selected it just give a good attempt give you a hundred percent and let the rest happen as it happens so not too much tension amazing amazing so we had a great chat like you were very free in the podcast and you know you were yourself and i just want to highlight one thing that uh uh in spite of the fact that know you have got ar1 you are really very humble like i want you to stay the same because this is really very important and you are really very humble and please stay the same i loved your attitude i loved your communication skills everything is just amazing and i wish you all the luck thank you thank you very much if you feel that i will be helpful somewhere then in that case i will always be there no no thank you so much for everything for your idt lectures dt lectures Thank you so much. YouTube and the support which you're giving right now to all your students. Thank you. Your marathons and everything before the exam. Truly admire that.

Thank you. Thank you so much. Nice to meet you. Nice to meet you. Thank you.

So guys, I hope that this podcast was helpful for you. And if yes, if you have not yet subscribed to this channel, please don't forget to hit the subscribe button. Hit the like button.

This is Yamit Majan. I will see you in the next video till then. Bye bye. See you and take care.

Bye bye.

Transcript for:Insights from CA Inter Topper Parmi Parekh

Transcript for:
Insights from CA Inter Topper Parmi Parekh