Taxmann’s CLASS NOTES for Direct Tax Laws & International Taxation – Explaining the Provisions of the Law without Resorting to Paraphrasing of Sections or Legal Jargons | Colour Coded for CA-Final

Taxmann’s CLASS NOTES for Direct Tax Laws & International Taxation is a one-stop solution to conquer the vast subject of Direct Taxation with ease. The objective behind this book is to minimize the need to consult multiple voluminous books while revising the day before the exam.

This book aims at providing all concepts in a simple language, with proper linking and a smart sequential approach. It also explains the provision of the law without resorting to paraphrasing of sections or legal jargons.

The Present Publication is the 2nd Edition (For New Syllabus) & Updated till 30th April 2021, authored by CA V. Rahul Agarwal.

This book is divided into two modules, which are as follows:

• Module 1 – Class Notes (Theory Material)
• Module 2 – Problems & Solutions

The noteworthy features of Module 1 are as follows:

• Strictly as per the New Syllabus of ICAI
• [Pictorial Presentation/Charts with Handwritten Fonts] are used in the book for easy understanding of theoretical concepts
• [Multi-Colour Coded Book] which follows the below structure:
  o Blue – Heading
  o Black – Main Content
  o Red – Summarised version of the main content
  o Green – Amendments applicable for the examination
  o Yellow Highlights – Key adjustments to be highly cautious of; ‘The Accident-Prone Zones’
  o Blue Boxes – Significant selected Case Laws provided by ICAI
  o Green Boxes – Authors personal notes for better understanding and clarity
• [Amendments for November 2021 Examination] are provided at the end of the module

The noteworthy features of Module 2 are as follows:

• [Coverage of All Questions & MCQs] in handwritten fonts
  o For Old/New Syllabus; issued up to 30th April 2021, from the following:
  § Educational Material of ICAI
  § RTPs & MTPs of ICAI
  § Past Examination Papers of ICAI
  o The above Questions & MCQs are aligned with applicable provisions for November 2021 examination
  o Arranged ‘Topic-wise’ & ‘Chapter-wise’ with proper reference to paper as well as attempt for convenience and trend analysis
• [Ready Reckoner for the day before the exam] Special adjustments tested by ICAI have been summarised at the start of the book
• Also Available:
  o [65th Edition] of Taxmann’s Direct Taxes Law & Practice with special reference to Tax Planning
  o [2nd Edition] of Taxmann’s Direct Tax Laws & International Taxation (2 Vols.)
  o [2nd Edition] of Taxmann’s CRACKER cum Compiler – Direct Tax Laws & International Taxation

The contents of the book are as follows:

• Summary of Special Adjustments
• Part A – Direct Taxation
  o Basics of Income Tax
  o Rates of Tax
  o Special Tax Regime
  o Taxation of Agriculture Income
  o Income from Salary
  o Income from House Property
  o Profits and Gains of Business or Profession
  o Income Computation & Disclosure Standards
  o Capital Gains
  o Taxation of Business Re-Organisations
  o Taxation of Distribution to Owners
  o Income from Other Sources
  o Taxation of Dividends & Income from Units
  o Bonus Stripping & Bond Washing Transactions
  o Assessment of Firms & LLP
  o Assessment of AOP & BOI
  o Assessment of Non-Profit Organization
  o Tax on Accreted Income of NPO [Exit Tax]
  o Assessment of Business Trust
  o Assessment of Securitisation Trust
  o Assessment of Alternative Investment Fund
  o Assessment of Political Party & Electoral Trust
  o Assessment of Other Persons
  o Taxation of Unexplained Income
  o lubbing of Income
  o Set-Off and Carry Forward of Losses
  o Income which do not form part of Total Income
  o Expenditure in Relation to Exempt Income [Section 14A]
  o Chapter VI-A Deduction
  o Tax Holiday for SEZ [Section 10AA]
  o Minimum Alternate Tax [Section 115JB]
  o Alternate Minimum Tax [Section 115JC]
  o TDS & TCS
  o Payment of Taxes
  o Return Filing & Related Provisions
  o Assessment Procedure
  o Appeals & Revisions
  o Settlement Commission
  o Tax Planning, Avoidance & Evasion
  o Penalties, Offence & Prosecution
  o Modes of Loan, Deposit, Advance & Transactions
  o Liability in Special Cases
  o Tonnage Tax
  o Statement of Financial Transactions (SFT)
  o Miscellaneous Provisions
• Part B – International Taxation
  o Transfer Pricing & Related Provisions
  o Residential Status & Scope of Total Income
  o Non-Resident Taxation
  o Special Provisions for Non-Resident Indian (NRI)
  o Taxation of Foreign Currency Bonds & GDR
  o Double Taxation Relief
  o Advance Rulings
  o Equalisation Levy
  o Overview of Model Tax Conventions*
  o Application and Interpretation of Tax Treaties*
  o Fundamentals of BEPS*
• Part C – Suggested Answers (Amended as Applicable for A.Y. 2021-21)
  o November 2020 Suggested Answers – Old Syllabus
  o November 2020 Suggested Answers – New Syllabus
  o January 2021 Suggested Answers – Old Syllabus
  o January 2021 Suggested Answers – New Syllabus