Our close association with the bright young minds brought to us the long-felt need of a publication compiling questions asked for in the CA Final Paper – 7 “Direct Tax Laws and International Taxation” and presenting the same along with suggested answers thereto strictly as per the law applicable in the present times. The outcome is this book “Direct Tax Laws and International Taxation – A Quick Referencer cum Compiler”, which is present before the readers. This book covers the syllabus prescribed for CA Final.

The distinguishing features of this book are –

• Coverage of summary of the important provisions of the Direct Tax Laws and International Taxation, under heading “Summarized Points for Revision”;
• Coverage of past 10 years’ questions;
• Chapter-wise arrangement of questions;
• Topic/section-wise arrangement of questions in each Chapter
• Tables, Flow Charts and Diagrams for Easy understanding and Quick Recap of Direct Tax Laws and International Taxation;
• Suggested answers strictly as per the law as amended by Finance Act, 2022 applicable for Assessment Year 2023-24;
• For ideal examination-oriented preparation, marks allotted to the question have been specified along with the past examination questions.
• The amendments made by the Finance Act, 2022, as well as the significant notifications and circulars issued upto 30th April 2023 are Highlighted in bold in the book.

Subject Index

DIRECT TAX LAWS

1. Basic Concepts
2. Residential Status
3. Salaries
4. Income from House Property
5. Profits and Gains of Business or Profession
6. Capital Gains
7. Income from Other Sources
8. Income of other persons included in Assessee s Total Income
9. Aggregation of Income and Set-off or Carry Forward of Loss
10. Deductions from Gross Total Income
11. Assessment of Various Entities (Individuals, HUF, Firms/LLP, AOP/BOI, Co operative Societies, Securitisation Trusts, VVC/VCF, Business Trusts & AIF)
12. Incomes Exempt from Tax
13. Assessment of Trusts
14. Assessment of Companies
15. Tonnage Tax Scheme
16. Income Tax Authorities
17. Procedure for Assessment
18. Liability in Special Cases
19. Tax Deduction and Tax Collection at Source
20. Advance Tax, Recovery, Interest and Refunds
21. Settlement of Cases
22. Appeals and Revision
23. Miscellaneous Provisions and Penalties & Prosecution
24. Tax Planning, Tax Evasion and Tax Avoidance

INTERNATIONAL TAXATION

25. Assessment of Non-Resident
26. Double Taxation Relief
27. Transfer Pricing and Other Anti-Avoidance Measures
28. Advance Ruling, Equalisation Levy and GAAR
29. Overview of Model Tax Conventions, Application and Interpretation of Tax Treaties and Fundamentals of BEPS [**]

** Chapter : 29 is not applicable for CA Final (Old) Course Students.