Direct Taxation (Paper 7A) CMA Inter Group 1

Taught by Faculties:

CA Vijay Sarda

Direct Taxation (Paper 7A)

₹8000 – ₹8500

Syllabus

SECTION A: DIRECT TAXATION [50%]

1. Basics of Income Tax Act - 10%

Basic Concepts, Basis of Charge and Capital & Revenue Receipts
Residential Status and Scope of Total Income
Agricultural Income
Income which does not form part of Total Income

2. Heads of Income - 25%

Salaries
Income from House Property
Profits and Gains of Business or Profession including Tax Audit u/s 44AB; and Provisions u/s 43A, 43B, 43AA, 44AD, 44ADA and 44AE (excluding Sections 42 to 44DB)
Capital Gains
Income from Other Sources

3. Total Income and Tax Liability of Individuals & HUF - 15%

Income of Other Person included in Assesses Total Income (Clubbing of Income)
Set off and Carry Forward Losses
Deductions, Rebate,s and Relief
Taxation of Individual (including AMT but excluding Non-resident) & HUF
Advance Tax
Tax Deducted at Source & Tax Collected at Source (excluding Non-resident)
Filing of Return of Income
PAN
Self-Assessment & Intimation

SECTION B: INDIRECT TAXATION [50%]

4. Concept of Indirect Taxes - 5%

Concept and Features of Indirect Taxes
Difference between Direct and Indirect Taxes
Background of erstwhile Indirect Taxes (Central Excise, VAT, etc.)
Constitutional Validity of GST

5. Goods and Services Tax (GST) Laws - 35%

Introduction to GST Law
Levy and Collection of CGST and IGST
- Application of CGST/IGST law
- Concept of Supply including Composite and Mixed Supplies
- Charge of Tax including Reverse Charge
- Exemption from Tax
- Composition Levy
Basic concepts of Time and Value of Supply
Input Tax Credit 5.5 Computation of GST Liability
Registration
Tax Invoice – Electronic Way Bill
Returns and Payment of Taxes

6. Customs Act - 10%

Customs Act-Basic Concepts and Definitions
Types of Duties
Valuation Rules
Computation of Assessable Value and Duties