IndigoLearn
Paper 7 - Direct Taxation - June & Dec 22
Taught by CA Varun JakkinapalliOverview
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76 hrs
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This course prepares the learners for Paper 7 Direct Taxation, of the CMA Intermediate Examinations conducted by the ICMAI.
The course coverage is only 80% from a conceptual & exam perspective; Students are advised to note that the course has been created using CA institute material and for students pursuing CA. The concepts, exam paper questions, etc all are from CA Material only. Most of the content for CMA India is similar to that of CA. Concepts are the same across both CA & CMA but the questions explained in the syllabus of CMA India / asked the exams by ICMAI could vary.
Students are also advised to note that the following topics are not covered, and they SHALL NOT BE provided for June 2021 / Dec 2021 / June 2022 attempts
- Basic concepts 1.16-1.18
- PGBP - 7.19-7.20, 7.23, 7.28, 7.30, 7.44, 7.46 - 7.51, 7.63-7.64, 7.68
- Income Under the Head Capital Gains - 8.46
- Set-off & Carry forward of losses – 11.13-11.21
- Deductions in Computing Total Income– 12.18-12.25 & 12.27-12.29
- Assessment of various persons full – 14.03 -14.13
- TDS - 15.14, 15.22, 15.24-15.29, 15.34-15.37
- Return & PAN 18.03-18.06, 18.11-18.16, 18.19
- Assessment procedures: 19.02 – 19.14
- ICDS – complete chapter 20
Amendments for June 22 will done once ICMAI releases syllabus for June 2022 exams - There are very amendments in finance act 2020 vs 2021 and hence changes in course content for exams in 2021 & 2022 will be very minimal
CMA Institute course syllabus can be accessed here Paper-7-April-2021.pdf (icmai.in)
PDF Notes are provided on the app to enable students to test their knowledge and prepare better for exams
What you'll learn?
- Introduction to Income Tax legislation
- Incomes which do not form part of Total Income
- Heads of Income and Computation of Total Income under various Heads
- Clubbing provisions, set off and carry forward of losses, Deductions
- Assessment of Income tax liability of different persons
- TDS, TCS & Advance Tax
Instructors
This course is taught by 1 expert faculty.More details
A Chartered Accountant by Profession & a teacher by passion, Varun is a 4th Generation CA in his family; He believes that a strong foundation in taxation is necessary to become a well rounded Finance & Accounting professional. Utilizing his experience of teaching taxation to over 15,000 students in the last 7 years, and by making full use of the modern pedagogy at IndigoLearn, Varun is keen to make taxation interesting and a lot more fun. Varun is also an entrepreneur with interests in Dairy Farming and Garment Manufacturing.
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- 100% Online
- 76 hrs
- Unlimited views
- Any Device