CMA

Most IMP Topics

Direct Tax
CA Amit Mahajan
 CMA Inter -
Important Topics

① Basic concepts 1) Difference between Direct & Indirect Tax

2) constitutional validity [ Remember Article No .

]
3) Person
"

Def of .

]
u Tax
Planning / tax evasion / Tax avoidance .

5) & Application
"

Difference bet Diversion of income of Income .

6
] Tax Rates
/ Rebate uls 87A / Marginal Relief [ Focus
-

more on EDL ]

RNOR
② Residential status
☐ Basic & Additional conditions
>
"

conditions
.

> for Bys -

connect

2) It 5L condition > Income doomed to accrue

Ci ) Income from prop -

located
in India .

3) Scope of Total Income

( iyca from prop -
located in India .

③ Exemptions if Agricultural Income

↳ Deriv
↳ 717A / 713/84
Rule as on Agr Produce sent to factory for further
processing
-

↳
.

Partial Integration -
Most Imp ✓ ✓ - cheek module or .

2) SEZ vimp

CA Amit Mahajan
 Heads of Incomes

④ House
property .
① Tax on foreign property .

② GAV in different situations .

③ pre & post

"
How to Int
compete const
-

④ 1 A' ee - Max 2L restriction in case of Int [ sap]

⑤ Rule 4 → When to reduce unrealised rent

-

/ 2L owners
⑥
30k both
section
to cs
.

Sop
-

WA

/
[ Make 2 Sep -

computations]

⑦
"
tsp Make lcsmputat & then
Treatment of
- →
co -

owned prop
-

bifurcate the final answer .

⑤ salary
-

① Gratuity / Pension / Leave

salary .

② Allowance - Refer
my memory technique
.

③ RPF

⑨ Ltc / Medical
facility / .
Loan @ concessional rates .

⑤ _e§ & Transfer of movable asset -

by employer .

⑥ CAR crimp) Rent Free Accommodation

CA Amit Mahajan
⑧ sweat f-a. shares .
?⃝
 ⑥ PGBP ① Dep
"

4 Rates of Dep
"
-
understand format of Depncalcul
"

② Additional Dep
"

acqnof asset
.

Re -

③ Def
"

of Actual cost
-
# Asset punch 4 leased back .

↳ for
Bldg used personal
④ scientific exp
.

now brought into

purpose

⑤ Int on loan business .

⑥ 35 AD ⑦ Bad Debts .

⑧ 40 (a) ci ) / 40C a) Cia ) ⑨ HOA (2) ⑤ 40 A-

(3)

① 4313 ④ UUAD / ADA / AE ④ 40lb) →

Allow
ability of Intf
"

Remunerate
-
FIRMS .

④ tea / Rubber ④ Telecom licence .

① Detfnof cap .
Asset
& Transfer .

capital Gains .

② 4512) ③ 4515) ④ 454A)

⑤ 50C vimp ⑥ Advance money

⑦ 47 ( Not a )
Transfer
forfeiture
↳ Gift
⑧ Liquidation .
↳ Distribution of
'

cap .

Asset - HUF

⑨ Slump sale .

⑤ Section 55
in case of partition .
i

↳ shares
acq prior to 1/2/18
CA Amit Mahajan
. -

↳ µ - sub .es & visa versa

Tax Rates .
↳ Amalgamating as -
A' edcs
?⃝
?⃝
⑧ 11=05 ① Deemed Dividend -

② 5612) ( X )

(2) cviib)
③ 56

⑨ Set off ① Full chapter

.

④
Clubbing
① Minor child ② Remuneration of spouse .

③ Transfer of income
yielding asset to
spouse .

④ Transferred asset is invested in business .

⑤ Cross Transfer

① TDS / Tcs ① 192A ② 194 ③ 194A ① 194C

⑤ 19413 / BB ⑥ LAUDA ⑦ 194 I ⑧ 1941A /IB / IC

⑨ 1945 ① 194N ① 1941-9 ① 194N

③ 194A ④ 194-0 ④ 194 P ④ 194 R vimp

TCS •
Tcs Rates

CA Amit Mahajan
•
206 ( ( 16 )

•
2064114 )
④ Deductions ① 80C ② 80 CCDCIB )

③ 800
④ SHE

⑤ 80 F- ⑥ 806GB / 96C
⑦ 80 JJAA ⑧ 806

⑨ 80 @ QB ④ 8017A

① 801773

⑨ ① 139C ' ) / (3) / (4) / (5) / (a) / 8A Updated Return .

ROI

② submissions
through TRP

③ who can sign the return ?

If Director is not available then who ⑨ 234 F

can
sign .

AMT AMT ✓
④
rate

AMT credit
-

④ ① 160 & [ objectives]

Co-operative society rates
ICDS Rates names
Tax .

CA Amit Mahajan