CMA Final New Syllabus 2023: The Institute of Cost Accountants of India has revised new syllabus for CMA Final elective Paper-15 Direct Tax Laws and International Taxation (DIT). The new ICMAI Syllabus-2022 shall be applicable from June 2023 term of examinations.
Students taking enrollments in the Final Course have to give one time option about choice of “Elective Paper”.
New Syllabus for DIT
Section A: Direct Tax Laws
1. Assessment of Income and Computation of Tax Liability of Various Entities
- Individual including Non-resident
- Company
- Trust
- Mutual Association
2. Tax Management, Return and Assessment Procedure
- Return of Income
- Assessment Procedure including Dispute Resolution Process
- Interest and Fees
- Survey, Search and Seizure
- Collection, Recovery and Refund of Tax
3. Grievance Redressal
- Appeal
- Rectification
- Revision
- Settlement Commission
- Advance Ruling
4. Penalties and Prosecutions
5. Business Restructuring
- Amalgamation
- Demerger
- Slump Sale
- Conversion of Sole Proprietary Business to Company
- Conversion of Firm into Company
- Conversion of Private Limited Company/Unlisted Public Company into LLP
6. Different Aspects of Tax Planning
7. CBDT and Other Authorities
8. E-commerce Transaction and Liability in Special Cases
9. Income Computation and Disclosure Standards (ICDS)
10. Black Money Act, 2015
- Introduction to Black Money Act
- Highlights of Black Money Act
11. Case Study
Section B: International Taxation
12. Double Taxation and Avoidance Agreements (DTAA) [Sec.90. 90A and 91]
- Types of DTAA
- Models of DTAAs (OECD and UN)
- Interlink of DTAAs with Section 90 of Income Tax Act, 1961
- Overview of Articles in DTAAs
13. Transfer Pricing
- Transfer Pricing including Specified Domestic Transactions
- Determination of Arm’s Length Price
- Advance Pricing Agreement- Concept and Application
- Safe Harbour Rules, Thin Capitalisation and Secondary Adjustment
14. GAAR