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Taxation

Direct Tax Laws and International Taxation

CA Final - Paper 7 : Direct Tax Laws and International Taxation

At the CA Final level, you will learn about Income Tax Act, 1961 read with rules, notifications and circulars, and International taxation – Equalisation Levy, Application and interpretation of tax treaties and Fundamentals of base erosion & profit sharing.

Mantra to motivate yourself - The best view comes only after the hardest climb” - Wish you all the best 😉 

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Direct Tax Laws
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Indirect Tax Laws
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Introduction to PGBP
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Paper 1
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Paper 2
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Paper 3
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Paper 4
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Paper 5
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Paper 6A
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Paper 6B
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Paper 6C
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Paper 8
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May 2018
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November 2018

More about Direct tax laws and International taxation

What are Direct Tax Laws and International Taxation?
  • Direct tax laws and International taxation is one such subject which undergoes huge amount of changes every year. To stay updated is the biggest task here. This subject is popularly referred to as DT 
  • Studying this subject gives you in-depth knowledge of the Income tax and International taxation not only in application but also to solve complex practical issues 
Why did ICAI introduce this paper, Direct Tax Laws and International Taxation, at the CA Final Level?
  • This paper upgrades the knowledge of Income tax acquired during Inter to the level where student transforms as a professional i.e. he should be able to analyse this paper with a practical mind to cater to client’s needs 
  • International taxation is given good importance in the advent of globalisation and increased cross border transactions. So, you need to understand the tax laws in each country  
What are the topics covered in Direct Tax Laws and International Taxation at CA Final Level?
  • Income Tax Act,1961 read with rules, notifications and circulars 
  • International taxation – Equalisation Levy, Application and interpretation of tax treaties and Fundamentals of base erosion & profit sharing 
What is the best approach to study Direct Tax Laws and International Taxation?
  • Make your own notes. Your hand-written notes come to the rescue during last minute revision 
  • Compulsorily study the case laws released for your exam 
  • Solve a good number of problems. 
  • Try covering as much as possible in the syllabus, do not resort to selective study. 
  • 3 average answers are always better than 1 best answer 
  • Make sure you are reading all the materials that are applicable to your exam.

 

See how CA Justin Raj and CA Jose Kurian teach this paper Direct tax laws and International taxation 
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Course Content Available
 

Faculty

Estimated Lectures

Lectures Available in the Portal

CA Justin Raj and Prof. Subbaraman

95

74

CA Jose Kurian

20

20

Available Lectures for Direct tax laws and International taxation
 
Paper-7: Direct Tax Laws and International Taxation
Chapters No. of Lectures
Series 1:
Part I: Direct Tax Laws
Chapter 1: Basic Concepts 2
Chapter 2: Residence and Scope of Total Income 3
Chapter 3: Incomes which do not form part of Total Income 1
Chapter 4: Salaries 4
Chapter 5: Income from House Property 3
Chapter 6: Profits and Gains of Business or Profession 22
Chapter 7: Capital Gains 17
Chapter 8: Income from Other Sources 4
Chapter 9: Income of Other Persons included in assessee's Total Income 1
Chapter 10: Aggregation of Income, Set-Off and Carry Forward of Losses 4
Chapter 11: Deductions from Gross Total Income 3
Chapter 12: Assessment of Various Entities 2
Chapter 13: Assessment of Charitable or Religious Trusts or Institutions,Political Parties and Electoral Trusts 1
Chapter 15: Deduction,Collection and Recovery of Tax 1
Chapter 17: Assessment Procedure 5
Chapter 19: Settlement of Tax Cases 1
Chapter 20: Penalties 1
Series 1:
Part II: International Taxation
Chapter 1: Non-resident Taxation 5
Chapter 2: Double Taxation Relief 2
Chapter 3: Transfer Pricing & Other Anti-Avoidance Measures 7
Chapter 4: Advance Rulings 1
Chapter 5: Equalisation Levy 1
Chapter 6: Overview of Model Tax Conventions 1
Chapter 7: Application and Interpretation of Tax Treaties 1
Chapter 8: Fundamentals of Base Erosion and Profit Shifting 2