Direct Taxation with MCQs (for CMA inter) Assessment Year 2022-2023

Highlight
1. 512 Concepts
2. 681 Practical Questions
3. 1427 MCQs
4. 30 Case Studies for MCQs
...................................................................................................................................................................................................................................
Description

The way of students is tough. The word "Tax" is very dreadful for a student who not only has to understand but also has to apply many "Case Laws" and "Sections" in a given situation, be it in an Exam or in the  articleship / internship.Though the subject of "Direct Taxation" is very compendious and complex in nature, learning the same is not difficult and certainly not impossible. Anyone can win the battle with the subject i study is done with a positive frame of mind and with willful thought.Paper 7: Direct Taxation for CMA Intermediate comprises of: Section A: Basics of Income Tax (10 Marks)Section B: Heads of Income and Computation of Total Income & Tax Liability (70 Marks) and Section C: Administrative Procedure & ICDS (20 Marks).This book makes a fresh and novel approach to study of "Direct Taxation" keeping in view the requirement of students preparing for CMA. It has been ensured that this book gives the student "what he is required to study" and not "what he wants to study".
This edition of the book has several unique features, to name a few:
1.   Thoroughly revised edition upto 25/07/2021 and has been made reader friendly.
2.   The edition of Income Tax is relevant for Assessment Year 2021-2022 which is relevant for students who will be appearing in CMA examination in the year 2021.
3.   List of all sections relevant to a chapter is given at the start of the chapter.
4.   Summary of each chapter is given at the end of the chapter. This will help the student to recapitulate the chapter at the time of revision in examination days.
5.   Many practical examples have been solved at relevant places to help the understanding of the topics.
6.   Keeping in mind latest examination pattern, more than 1,450 MCQs have been provided after end of every chapter with answers for the self assessment of students.
7.   Case Study based MCQs have also been incorporated to keep in align with latest trends of the Examination
......................................................................................................................................................................................................................................

Contents
Chapter 1. Introduction, Basic Concepts and Definitions under Income Tax Act, 1961 - MCQs
Chapter 2. Residential Status & Tax Incidence - MCQs
Chapter 3. Concepts & Calculation Income Tax - MCQs
Chapter 4. Concepts of Calculation of Surcharge on Income Tax 
Chapter 5. Agricultural Income & Its Tax Treatment - MCQs
Chapter 7. Dividend & Deemed Dividend - MCQs
Chapter 8. Income under the Head Salary - MCQs
Chapter 9. Income under Head House Property- MCQs
Chapter 10. Depreciation : Sec 32 and Rule 5 - MCQs
Chapter 11. Income under the Head 'Profit and Gains from Business and Profession'  - MCQs
Chapter 12. Income under the Capital Gains - MCQs
Chapter 13. Income under the Head 'Other Sources' - MCQs
Chapter 14. Clubbing of Incomes - MCQs
Chapter 15. Set Off of Losses and Carry Forward of Losses - MCQs
Chapter 16. Deductions from Gross Total Income (Chapter VI - A of Income Tax Act, 1961) - MCQs
Chapter 17.  Special Provisions Relating to Taxation of Income - MCQs
Chapter 18. Alternate Minimum Tax (Sec 115 JC to 115 JF) - MCQs
 Chapter 19. Income which are Exempt from Income Tax - MCQs
Chapter 20. Procedure of Filing of Income Tax - MCQs
Chapter  21. Tax Deducted at Source - MCQs
Chapter 22. Advance Payment of Tax Returns - MCQs
Chapter 23. Assessment of Individuals
Chapter 24. Case Study based MCQs
Chapter 25. Assessment Procedure
Chapter 26. Assessment Hindu Undivided Families (HUF)
Chapter 27. Assessment of Partnership Firms, AOP - BOI
Chapter 28. Income of Charitable or Religious Trusts
Chapter 29. Income Computation and Disclosre Standards
............................................................................................................................................................................................................................

Author Details
Jassprit S Johar qualified as a chartered accountant in May 2003. He is practicing as a tax consultant for the last fifteen years and now focuses mainly on GST. He has rich teaching experience of both direct and indirect taxes and presently has pan-India presence in face to face and satellite classes. He has also recorded (pen drive) lectures. He has the credit of having taught 125 students so far who have become all-India rank holders in CA Inter/IPCC.
............................................................................................................................................................................................................................