Durgesh Singh Tax Classes CA Final Direct Tax …...from 31st day till the date of filing. Section...

Durgesh Singh Tax Classes – DSTC ABC Analysis – May, 2018 CA Final Examination

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CA Final Direct Tax Laws and International Taxation ABC Analysis for May, 2018 (To be followed with 3 MTPs for Category A)

‘A’ Category ‘B’ Category ‘C’ Category

PART A Assessment + Appeals + Settlement Commission + Advance Ruling

[20 Marks]

Assessment Procedure

ROI Section 139, 139(4A), (4B)

Trust to file ROI within due date to claim exemption.

Section 234F penalty - MTP 1 (Indirect Question)

Section 143(ID) time limit for intimation – Amendment

Raghuvir Synthetics Ltd. (SC) – case law

Refund in Genuine Cases

Power of IT Authority:

Measure to protect interest of revenue by withholding refund due in any earlier AY

Section 132(9B), (9C), (9D) Power to provisionally attach property in course of search FA, 2017

Section 132B, Hemath Kumar Sindhi & Others (Case Laws)

Section 220(2), Interest on delay in payment of tax due on basis of notice of demand

Section 147 only case laws

PP Engineering

Godrej Industrial Ltd.

Govinda Raju

Vipin Walia

Travancore Diagnostic


Section 132/132A – FA, 2017

Section 133A

Section 127, Transfer of case from one AO to another AO

Section 281B, Provisional attachment during search assessment & release of such property on furnishing BOND.

Section 143(3) / 144

Section 153(1) – time limit

Section 153(A)

Section 153(B)

Section 139A – Adhaar Related

Section 139AA - Adhaar Related


Section 142(2A)

Section 142A

Section 144A

Section 131

Section 133

Appeals, Revision & Rectification

Case Laws:

Subrata Roy

Meghalaya Steels Ltd.

Amitabh Bachan

AAR

Circumstances where order is void.

On whom is the order binding.

What is an eligible case




Lark Chemical

New Mangalore Port Trust

Settlement Commission

Sandeep Singh v/s Union of India

Penalty

Section 269ST 271DA

Section 68 to 69D 271AAC

Section 285BA(5) Penalty Rs. 500 per day. Generally banks have to submit an Annual Information Return (AIR), failing which a notice will be issued to such bank. Where AIR is not filed by the bank within 30 days from receipt of notice, then a penalty of Rs. 500 per day will be charged from 31st day till the date of filing.

Section 269SS 271D

Section 269T 271E

Section 271AAB

Section 271J

PART B TDS / TCS / Interest

[10 Marks]

Section 234A, 234B, 234C**

Question from capsule book, “RAMCO” & RTP & MTP 2 Q.1

Section 244A(1B) FA, 2017 – Interest on refund to deduction

Section 194I, 194IB, 194C, 194H

Ajmer Vidyut

Kotak Securities

TCS on Motor Vehicles

Just go through practical questions relating to remaining sections of TDS.

PART C International Taxation, Transfer Pricing

[25 Marks]

Section 6

Crew – date of signing/leasing

NRE account receipts

POEM Q1 in capsule

Section 9(1)(i) – Indirect Transfer**

Section 9A – presence of fund manager in India, does not amount to business in India.

Section 115BBA sports person.

GAAR (Comprehensive question 1 to 3 towards the end of the book)

Theory:

Section 9(1)(i) – Salary

Section 92(1) – Conditions AE + International Transaction + Deemed International Transaction.

When not covered in TP?




Section 9(1)(vii) – new case law – AP Moller

Section 90 & 91 + FTC (MTP 3)

Mr. Roy & Miss Sharanya Capsule Practical Problems

Method of TP

Range Concept + Arithmetic Mean (MTP 2 & 3)

Country By Country Reporting (CBCR)

Penalty in TP

Downward adjustment

PART D Computation of Income

House Property:

Raj Dadarkar & Associates

MTP 2 – Q.1

Profits and Gains from Business or Profession:

Section 33AB – Tea/Coffee/Rubber (RTP)** + Explanation to Section 43(b)

Section 35 – Scientific Research

Section 35AD + Actual Cost FA, 2017 + Section 73A + Reversal in case of default

Section 35ABB/ABA/35AD – MTP 3

Section 35DD/35DDA/36(1)(ix)

Section 36(1)(vii)

Section 44A + 44C

Presumptive Taxation – Section 44AD + 234A/B/C + 44B + 44BBA

ICDS iv, vi, vii, viii

Partnership Assessment (Practical)

Capital Gains:

Section 79 Amendment + 80IAC + 72A

Section 45(2), 45(4), 45(5) + 10(37)(iii) + Balakrishnan Case law

Section 45(1A) + 45(5A) + 54(EC)

Section 10AA

Section 30/31/32/32AD (MTP 1)

Case Laws

KLN Agrotech

TVS Motors

IBM Global

Honda Seil

Dhampur Sugarmills

Section 44AA/AB

AMT

Section 55A

Ranbhai Nagbhai case law

Movaly Bikhubhai case law

Demerger (P) & Slump Sale

Section 2(22)(e) – Practical Problem

Queen case law & St. Peters

Accredited Income

AOP/BOI Practical Problem

AIF Practical

Section 46(2), 2(22)(e), 54EC

Section 40(a)

Section 43B, 41, 44ADA, 44AE, 36 series, 37

Section 80IA, 80IB

Section 51/IFOS

VSMR Jagdishchand

R Arunachalam

Section 54 Case Law – MTP

Amalgamation (Theory)

Regulation of Trust

REIT, Buy Back




Section 115C to 115I (NRI)

Section 54GB

Section 111A, 112, 115AD

Business Restructuring:

Conversion of Pvt Co. to LLP (P)

Income from Other Sources:

Section 56(2)(x) & 56(2)(viib) & 50CA + 56(2)(x)(c)**

Assessment of Entities:

Section 115BA, 115JB (MTP 3)** Ind AS

Practical problem on Trust** (MTP 1)

AOP/BOI – Goundheri Mamaya Case Law

DDT + Securitisation Trust

Transition Case Law**

Tonnage Tax

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Durgesh Singh Tax Classes CA Final Direct Tax …...from 31st day till the date of filing. Section...

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