Paper 7: CMA Intermediate - Direct Taxation

Analyse and understand the provisions under the Act by looking at practical applications. Do not memorise; place greater emphasis on understanding concepts
Go through past papers to get an idea of the kind of questions that will be asked in the paper
Do not study just for the sake of passing. You need to know the concepts well to succeed in your professional career
Provisions and methods of assessment under the Income Tax Act, 1961, keep changing. As such ICMAI keeps updating the syllabus to reflect these changes. Keep visiting the ICMAI website for the latest notifications and amendments related to the paper

Faculty	Estimated Lectures	Lectures Available in the Portal
CA Justin Raj	60	55
Prof. Subbaraman P	40	29


Chapter Name	Number of Lectures
Series 1:
Section A: Income Tax Basics
1: Basic Concepts	2
2: Residential Status	2
4 : Income, Which Do Not Form Part Of Total Income	1
Series 1:
Section B: Heads of Income and Computation of Total Income and Tax Liability
5 : Income Under Head Salaries	4
6 : Income Under Head Income From House Property	3
7 : Income Under Head Profit And Gains Of Business Or Profession	16
8 : Income Under Income From Head Capital Gains	13
9 : Income Under Head Income From Other Sources	4
10 : Income Of Other Persons Included In Assessees Total Income	1
11 : Set Off And Carry Forward Of Losses	2
12 : Deductions In Computing Total Income	3
18 : Return & PAN	2
19 : Assessment Procedure	2
Section A: Income Tax Act Basics (Subbaraman P)
1: Basic Concept	1
2. Residential Status	1
5 : Income Under Head Salaries	4
6 : Income Under Head Income From House Property	3
7. Income under Head Profit and Gains of Business or Profession	1
8 : Capital Gains	9
9 : Income Under Head Income From Other Sources	2
10 : Income Of Other Persons Included In Assessees Total Income	1
11 : Set Off And Carry Forward Of Losses	2
12 : Deductions In Computing Total Income	3
18 : Return & Pan	2

Direct Taxation