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A WORD ABOUT STUDY MATERIAL
Direct tax laws is one of the core competence areas of the Chartered Accountants. A thorough knowledge of direct tax laws is, therefore, necessary for the students of the CA Final course. In the Final course, “Direct Tax Laws” constitutes Paper–7. Students are expected to acquire advanced knowledge of the provisions of direct tax laws after undergoing this course and apply such knowledge to various situations in actual practice.
The first part of this study material deals with income-tax. There are 28 chapters under income-tax. The second part of this study material is on wealth-tax. There are 3 chapters under wealth-tax. The subject matter in this study material is based on the law as amended by the Finance Act, 2010. In this study material, efforts have been made to present the complex direct tax laws in a lucid manner. The latest amendments have been given in italics. Chapters are organised in a logical sequence to facilitate easy understanding. Another helpful feature in this study material is the addition of self examination questions at the end of each chapter, which will be useful to test the understanding of the provisions discussed in the chapter. Answers have been given in respect of those questions which are based on judicial decisions or involving legal interpretations.
The taxation laws in our country undergo many amendments. In order to help the students to update their knowledge relating to the statutory developments in the field of direct and indirect tax laws, the Board of Studies brings out, every year, a “Supplementary Study Paper” containing all the amendments in direct and indirect tax laws. This is an essential read for all our students.
A word of advice to the students – please make it a habit of referring to the bare acts as often as possible. This will not only facilitate the process of understanding the law and the sequence of sections in these Acts, but will also equip them with the professional expertise that is expected.
Study Material of Direct Tax Laws is made in three volumes for ease of handling by the students. Volume – 1 contains Chapters 1 – 14 of Income-tax, and Volume – 2 contains Chapters 15 – 28 of Income-tax and Chapters 1 – 3 of Wealth-tax. Volume – 3 is the Practice Manual.
Finally, we would welcome suggestions to make this study material more useful to the students. In case of any doubt, students are welcome to write to the Director of Studies, The Institute of Chartered Accountants of India, A-29, Sector - 62, Noida 201 301, India.
Happy Reading and Best Wishes!
The Aim To Write This here is that almost 90% of the students don't read this before exam and we Know whatz the result.
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