CA Final Direct Tax Laws & International Taxation Summary By For Nov, 2019 T.N. Manoharan & G.R. Hari

Direct Tax Laws & International Taxation Summary T.N. Manoharan

Contents

Part  I- Direct Tax Laws

1.        Preliminary

2.        Basis of Charge

3.        Incomes which do not form part of Total Income

3A.     Taxation of Trusts

4.        Computation of Total Income

4A.      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 and Set Off or Carry Forward of Loss

11.      Deductions to be made in Computing Total Income

12.      Rebates and Reliefs

13.      Income computation and disclosure standards

14A.   Basic Provisions Applicable to companies

14B.    Minimum Alternate Tax

14C.   Tax on profits distributed by certain entities

14D.    Taxation of shipping company

15.       Income Tax authorities

16.       Procedure for assessment

17.       Liability in Special Cases

18.       Special provisions applicable to firms

19.       Taxation of Trusts

20       Special Provisions relating to certain persons other than a company

21.       Deduction and Collection of Tax

22.       Advance Tax, Recovery and Refunds

23.       Settlement of Cases

24.       Appeals and Revision

25.       Requirement as mode of acceptance, payment or repayment in certain cases to Counteract evasion of tax

26.       Penalties imposable

27       Offences and Prosecutions

28.       Miscellaneous

29.       Tax Management & GAAR

Part  II- International Taxation

1.        Taxation of Non-Resident

2.        Transfer Pricing

3.        Advance Rulings

4.        Double Taxation Relief

5.        Equalisation Levy

6.        Overview of Model Tax Convention

7.        Application and Interpretation of Tax Treaties

8.        Base Erosion and Profit Shifting

Part III – Exam Papers

Suggested Answers CA Final, May 2019 Exam

Model Test Paper

Suggested Answers to Model Paper

Appendix  I    – Recent Amendments

Appendix  II   – Important Judicial Pronouncements

About The Author -

T.N.Manoharan, a fellow member of the Institute of Chartered Accountants of India (ICAI), is a post graduate in commerce and a law graduate from Madras University. He is a rank holder in C.A. Intermediate Examination. He was a member of the Council of ICAI for 6 years since 2001 and held the position as its President during 2006-07. He was a visiting faculty on the subject of Taxation at SIRC of ICAI. He was also a visiting faculty of few professional and management institutions. The author has presented papers in seminars and conference organized by various forums in the country and in international forums in abroad.He has authored various books such as Real Estate Transactions Tax Implications” an ICAI Publication, Depreciation and Losses under I.T. and Company Law”, a Bombay Chartered Accountants Society Publication and “Immovable Property Transaction and Income-tax Implications”, an Andhra Pradesh Tax Bar Association Publication. He is also a co-author of the book on “Settlement Commission and Authority for Advance Rulings”. He has also authored  the text book titled “Direct – Tax Laws for C.A.Final and other professional courses.Mr. Manoharan was a member of the International Accounting Education Standards Board of the International Federation of Accountants. He was the Chairman of the committee on Education and center of Excellence of South Asian Federation of Accountants (SAFA). Mr. Manoharan is Awarded “Padma Shri by the President of India.

Mr. G. R. Hari

Mr. G. R. Hari is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and a Commerce graduate from the University of Madras. He is a faculty in Loyola Institute of Business Administration (LIBA), Chennai for their Post Graduate course in Business Management Studies and corporate training programmes. He is in practice of the Chartered Accountancy profession for the past 12  years. He has presented papers in Educational Institutions and Professional forums on technical subjects.