Direct Tax Laws How to prepare for November 2017 Examination and Recent amendments

137 Pages·2017·7.61 MB·English

by  Priya Subramanian

Online Mentoring on Cloud Campus
Organised by BoS, ICAI
Paper 7 – Direct Tax Laws
How to prepare for November 2017
Examination and Recent amendments
CA. Priya Subramanian &
CA. Aparna Chauhan
Date: August 27, 2017
© The Institute of Chartered Accountants of India
Disclaimer Statement
•This lecture has been delivered by faculty members to supplement the Study Material,
Practice Manual and other content
1
•The views expressed in this lecture are of the Faculty Member.
2
•The content of this video lecture has not been specifically discussed by the Council of
the Institute or any of its Committees and the views expressed herein may not be taken
3 to necessarily represent the views of the Council or any of its committees
© ICAI, 2016 25-Aug-17
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Important Notes
The e-Lectures, PPT, Podcasts and
Video lectures on ICAI Cloud The lecture recordings are made
Campus aim to supplement the according to the syllabus and laws
Study Material, Practice Manual existing/ applicable as on the date
and Supplementary Study of recording.
Material
Hence, students are advised to
refer to the Study Material
Due to changes in law, there is
including Supplementary Study
likely to be some time gap
Material, if any, and other
between these changes and the
relevant legislation for latest
recording of updated lectures.
provisions/ amendments required
for forthcoming examination.
© ICAI, 2016 25-Aug-17
4
Whether there is any change in syllabus of
Paper 7 – Direct Tax Laws in November, 2017
examination vis-à-vis May, 2017 examination?
What is the applicable Finance Act for
November, 2017 Examination?
© ICAI, 2016
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Query: What is the Assessment Year Applicable for
November 2017 Examination?
Income-tax Act, 1961 The relevant
as amended by the assessment year is A.Y.
Finance Act, 2016. 2017-18.
Significant
Notifications/Circulars
issued upto 30th April,
2017 are relevant.
© ICAI, 2016 25-Aug-17
6
What are the BoS publications
relevant for November, 2017
Examination?
© ICAI, 2016
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Query: What are the BoS publications relevant for
November 2017 Examination?
Study Material – November, 2015 edition
Supplementary Study Paper – 2016
Practice Manual - December 2016 Edition
Select Cases in Direct and Indirect Tax Laws – 2016 –September 2016
Revision Test Paper (RTP) for November 2017 Examination
© ICAI, 2016 25-Aug-17
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Query: Where to study the Latest Amendments Relevant
for November 2017 Examination?
Revision Test Paper
Supplementary Study
(RTP) for November
Paper 2016
2017 Examination
• Amendments made by the • Statutory Update containing
Finance Act, 2016
significant notifications/
• Significant notifications/circulars circulars issued between
issued between 1.5.2015 and
01.05.2016 and 30.04.2017
30.4.2016
© ICAI, 2016 25-Aug-17
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Where Do We Study the Latest Amendments and Case
Laws Relevant for November, 2017 Exam?
Judicial Update (Latest case laws)
Select Cases in Direct and Indirect Tax Laws
[September 2016 Edition]
Judicial Update – webhosted at BOS Knowledge
Portal
© ICAI, 2016 25-Aug-17
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