Description
Taxmann Publications Class Notes Direct Tax Laws & International Taxation by Rahul Agarwal
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:
Blue – Heading
Black – Main Content
Red – Summarised version of the main content
Green – Amendments applicable for the examination
Yellow Highlights – Key adjustments to be highly cautious of; ‘The Accident-Prone Zones’
Blue Boxes – Significant selected Case Laws provided by ICAI
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
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
The above Questions & MCQs are aligned with applicable provisions for November 2021 examination
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:
[65th Edition] of Taxmann’s Direct Taxes Law & Practice with special reference to Tax Planning
[2nd Edition] of Taxmann’s Direct Tax Laws & International Taxation (2 Vols.)
[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
Basics of Income Tax
Rates of Tax
Special Tax Regime
Taxation of Agriculture Income
Income from Salary
Income from House Property
Profits and Gains of Business or Profession
Income Computation & Disclosure Standards
Capital Gains
Taxation of Business Re-Organisations
Taxation of Distribution to Owners
Income from Other Sources
Taxation of Dividends & Income from Units
Bonus Stripping & Bond Washing Transactions
Assessment of Firms & LLP
Assessment of AOP & BOI
Assessment of Non-Profit Organization
Tax on Accreted Income of NPO [Exit Tax]
Assessment of Business Trust
Assessment of Securitisation Trust
Assessment of Alternative Investment Fund
Assessment of Political Party & Electoral Trust
Assessment of Other Persons
Taxation of Unexplained Income
Clubbing of Income
Set-Off and Carry Forward of Losses
Income which do not form part of Total Income
Expenditure in Relation to Exempt Income [Section 14A]
Chapter VI-A Deduction
Tax Holiday for SEZ [Section 10AA]
Minimum Alternate Tax [Section 115JB]
Alternate Minimum Tax [Section 115JC]
TDS & TCS
Payment of Taxes
Return Filing & Related Provisions
Assessment Procedure
Appeals & Revisions
Settlement Commission
Tax Planning, Avoidance & Evasion
Penalties, Offence & Prosecution
Modes of Loan, Deposit, Advance & Transactions
Liability in Special Cases
Tonnage Tax
Statement of Financial Transactions (SFT)
Miscellaneous Provisions
Part B – International Taxation
Transfer Pricing & Related Provisions
Residential Status & Scope of Total Income
Non-Resident Taxation
Special Provisions for Non-Resident Indian (NRI)
Taxation of Foreign Currency Bonds & GDR
Double Taxation Relief
Advance Rulings
Equalisation Levy
Overview of Model Tax Conventions*
Application and Interpretation of Tax Treaties*
Fundamentals of BEPS*
Part C – Suggested Answers (Amended as Applicable for A.Y. 2021-21)
November 2020 Suggested Answers – Old Syllabus
November 2020 Suggested Answers – New Syllabus
January 2021 Suggested Answers – Old Syllabus
January 2021 Suggested Answers – New Syllabus
About the author
Rahul Agarwal
V. Rahul Agarwal is an associate member of the Institute of Chartered Accountants of India who qualified for this course at the young age of 21 with an exemption in Direct Taxation. He also holds a Bachelor in Commerce (Accounting & Finance) from IGNOU University. He is currently working in Corporate and International Taxation for over four years in the world's leading Big 4.
To further enhance his knowledge base and deliver better, Rahul is also currently pursuing his CS Professional from ICSI, Diploma in International Taxation from ICAI and Masters in Commerce (Finance & Taxation) from IGNOU University,
Class Notes and Problems and Solution on Direct Tax Laws & International Taxation published by Taxmann, New Delhi, is an idea pursued by him from his articleship times with a simple objective of helping his fellow budding members to understand the subject with ease and equip themselves to face the market post qualification.