ICAI CA Final Paper 7 | Direct Tax Laws

About Direct Tax Laws

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.

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.

The topics covered in Direct Tax Laws and International Taxation at CA Final Level is,

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

The best approach to study Direct Tax Laws and International Taxation is

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.

1 Basic Concepts

Lecture icon 5 Lectures Know More

2 Residence and Scope of Total Income

Lecture icon 4 Lectures Know More

3 Incomes which do not form part of Total Income

Lecture icon 2 Lectures Know More

4 Salaries

Lecture icon 7 Lectures Know More

5 Income from House Property

Lecture icon 5 Lectures Know More

6 Profits and Gains of Business or Profession

Lecture icon 22 Lectures Know More

7 Capital Gains

Lecture icon 23 Lectures Know More

8 Income from Other Sources

Lecture icon 9 Lectures Know More

9 Income of Other Persons included in assessee's Total Income

Lecture icon 5 Lectures Know More

10 Aggregation of Income, Set-Off and Carry Forward of Losses

Lecture icon 6 Lectures Know More

11 Deductions from Gross Total Income

Lecture icon 11 Lectures Know More

12 Assessment of Various Entities

Lecture icon 39 Lectures Know More

13 Charitable or Religious Trusts and Institutions, Political Parties and Electoral Trusts

Lecture icon 17 Lectures Know More

14 Tax Planning, Tax Avoidance & Tax Evasion

Lecture icon 4 Lectures Know More

15 Deduction, Collection and Recovery of Tax

Lecture icon 14 Lectures Know More

16 Income-tax Authorities

Lecture icon 4 Lectures Know More

17 Assessment Procedure

Lecture icon 10 Lectures Know More

18 Appeals and Revision

Lecture icon 5 Lectures Know More

19 Settlement of Tax Cases

Lecture icon 4 Lectures Know More

20 Penalties

Lecture icon 5 Lectures Know More

21 Offences and Prosecution

Lecture icon 3 Lectures Know More

22 Liability in Special Cases

Lecture icon 3 Lectures Know More

23 Miscellaneous Provisions

Lecture icon 5 Lectures Know More

24 Income Computation and Disclosure Standards

Lecture icon 6 Lectures Know More

25 Amendments for Nov 2020

Lecture icon 3 Lectures Know More

1 Transfer Pricing and Other Provisions to check Avoidance of Tax

Lecture icon 7 Lectures Know More

2 Non-resident Taxation

Lecture icon 5 Lectures Know More

3 Double Taxation Relief

Lecture icon 2 Lectures Know More

4 Advance Rulings

Lecture icon 1 Lectures Know More

5 Equalisation Levy

Lecture icon 1 Lectures Know More

6 Application and Interpretation of Tax Treaties

Lecture icon 1 Lectures Know More

7 Fundamentals of Base Erosion and Profit Shifting

2 Lectures Know More

8 Overview of Model Tax Conventions

Lecture icon 1 Lectures Know More

1 Basic Concepts

Lecture icon 12 Lectures Know More

2 Residential Status

Lecture icon 4 Lectures Know More

3 Income which do not form Part of Total Income

Lecture icon 3 Lectures Know More

4 Income from Salary

Lecture icon 9 Lectures Know More

5 Income from House Property

Lecture icon 6 Lectures Know More

6 Profit and Gains from Business or Profession

Lecture icon 23 Lectures Know More

7 Capital Gains

Lecture icon 20 Lectures Know More

8 Income from Other Sources

Lecture icon 6 Lectures Know More

9 Income of Other Persons Included in Assessee's Total Income

Lecture icon 3 Lectures Know More

10 Aggregation of Income, Set-Off and Carry Forward of Losses

Lecture icon 3 Lectures Know More

11 Deductions From Gross Total Income

Lecture icon 7 Lectures Know More

12 Assessment of Individuals

Lecture icon 3 Lectures Know More

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Resources

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Resources

Paper 7

Direct Tax Laws

About Direct Tax Laws

Duration: 3 hours

Faculty

Resources

Direct Tax Laws

1 Basic Concepts

2 Residence and Scope of Total Income

3 Incomes which do not form part of Total Income

4 Salaries

5 Income from House Property

6 Profits and Gains of Business or Profession

7 Capital Gains

8 Income from Other Sources

9 Income of Other Persons included in assessee's Total Income

10 Aggregation of Income, Set-Off and Carry Forward of Losses

11 Deductions from Gross Total Income

12 Assessment of Various Entities

13 Charitable or Religious Trusts and Institutions, Political Parties and Electoral Trusts

14 Tax Planning, Tax Avoidance & Tax Evasion

15 Deduction, Collection and Recovery of Tax

16 Income-tax Authorities

17 Assessment Procedure

18 Appeals and Revision

19 Settlement of Tax Cases

20 Penalties

21 Offences and Prosecution

22 Liability in Special Cases

23 Miscellaneous Provisions

24 Income Computation and Disclosure Standards

25 Amendments for Nov 2020

1 Transfer Pricing and Other Provisions to check Avoidance of Tax

2 Non-resident Taxation

3 Double Taxation Relief

4 Advance Rulings

5 Equalisation Levy

6 Application and Interpretation of Tax Treaties

7 Fundamentals of Base Erosion and Profit Shifting

2 Lectures Know More

8 Overview of Model Tax Conventions

1 Basic Concepts

2 Residential Status

3 Income which do not form Part of Total Income

4 Income from Salary

5 Income from House Property

6 Profit and Gains from Business or Profession

7 Capital Gains

8 Income from Other Sources

9 Income of Other Persons Included in Assessee's Total Income

10 Aggregation of Income, Set-Off and Carry Forward of Losses

11 Deductions From Gross Total Income

12 Assessment of Individuals

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