Preparation tips for CA Final Course Paper 4- Taxation


Direct Tax and International Taxation

Ø Has a weightage of 100 marks

Ø You can expect practical question (85%-95%) - Solve & Practice problems from ICAI Modules, CA MockTest series & RTP.

Ø Go through Amendments well as this forms part of almost 20% of your exams.

Ø Start with lengthy yet important chapters including- Heads of income, income of other person included in assessee’s  total income, aggregation of income, set-off and carry forward of losses, deduction from gross total income, rebates and reliefs. Tax Planning, Tax Avoidance and  Tax Evasion. Income Tax Authorities, Procedure for Assessment, Appeals and Revision. Collection & Recovery of Tax, Refunds Taxation to international transactions and Non- resident taxation.

Ø Then go for small & important chapters- Special provisions relating to companies and certain other than a company. Provision relating to charitable and religious trust and institutions, political parties and electoral trusts. Settlement of Tax cases, Penalties, Offence & Prosecution. Liability in Special cases. Overview of Model Tax Conventions –  OECD & UN.

Ø Finally go through the other chapters like:  Miscellaneous Provisions and Other Provisions. Application and Interpretation of Tax Treaties. Fundamental of Base Erosion and Profit Shifting.


Additional Preparation Tricks:

ü It is compulsory to prepare notes for taxation.( Follow Flow Chart Technique)

ü Underline or highlight the crux of provisions.

ü Try memorize section numbers and provisions.\

ü Try to solve practical problems from ICAI Modules and previous year question papers.

ü Stick to one reference book, which may be your coaching material Keep revising sections regularly.

ü Try learning provision and sections in the language as provided in ICAI’s base book (study material).

ü Being your numerical with what is already given in the question and by stating what is required. Then proceed to your computations and working notes necessary to arrive at the solutions.

Must Read: Weightage of Marks for Final Course Paper Direct Tax Laws and International Taxation (100 marks ) 

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