Assessment Year 2023-24

For CA Final - November 2023 Examination

For CS, CMA - December 2023 Examination

Also for M.Com, LLB, MBA Courses

Includes : Detailed analysis of GAAR, POEM, BEPS & ICDS

Description

• Concise presentation of the provisions of the Income-tax Act as amended by the Finance Act, 2021 Relevant for students pursuing academic and professional course The concept of tax planning and General Anti Avoidance Rules (GAAR) with reference to various sources of income are specifically dealt with
• Important provisions of International Taxation, namely, Transfer Pricing, DTAA, Equalisation levy, Model Tax Conventions, Application and Interpretation of Tax Treaties and fundamentals of Base Erosion and Profit Shifting (BEPS) are elucidated
• Income Computation and Disclosure Standards (lCDS) dealt in
• Updated Rules, important circulars and case law as reported up to April are Amendments made to Income-tax Act by the Finance Act, 2022, though incorporated at appropriate Places are given separately in Appendix-I so as to enable effective revision by the students.
• Answers to the select questions of past 17 examinations of CA Final – Direct tax Laws and International Taxation are regrouped and given at the end of each chapt
• Easy approach to learn the principles relating to computation of taxable income under each head of income together with suitable formats prescribed Apt illustrations, case studies and exercises provided

Contents

Direct Tax Law

1. Preliminary
2. Basis of Charge
3. Incomes which do not form part of Total Income
4. Taxation of Trusts
5. Computation of Total Income
6. Salaries
7. Income from House Properly
8. Profits and Gains of Business or Profession
9. Capital Gains
10. Income from Other Sources
11. Income of Other Persons, Included in Assessee’s Total Income
12. Aggregation of Income and Set Off or Carry Forward of Loss
13. Deductions to be made in Computing Total Income
14. Rebates and Relief
15. Heads of Income At a glance
16. Income computation and disclosure standards
17. Basic provisions applicable to companies
18. Minhnlul1 alternate tax
19. Tax on distributed profits by certain entities
20. Special provisions relating to income of shipping Company
21. Income Tax Authorities
22. Procedure for Assessment
23. Liability in special cases
24. Special provision applicable to firms
25. Special provisions relating to certain persons other than a company
26. Deduction and Collection of Tax
27. Advance Tax, Recovery and Refunds
28. Settlement of Cases
29. Appeals and Revisions
30. Requirement as to mode of acceptance payment or Repayment in certain cases to Counteract evasion of tax
31. Penalties Imposable
32. Offences and Prosecution
33. Miscellaneous
34. Tax Management & GAAR

International Taxation

35. Taxation of Non Residents
36. Transfer Pricing & other anti avoidance measures
37. Advance Rulings
38. Double Taxation Relief
39. Equalisation Levy
40. Overview of Model Tax Convention
41. Application and Interpretation of Tax Treaties
42. Base Erosion and Profit Shifting
43. Procedural Law – Important Expressions