The Board of Studies (BoS) of the Institute of Chartered Accountant of India (ICAI) has now assigned weightage of marks to various sections of a subject. This facility would help students to plan their studies in a structured manner for the coming ICAI examinations.
Accordingly, each subject has been divided into various topics and topics have been grouped into sections and weightage range has been assigned to these sections. The question paper would take into consideration the weightage range assigned to different sections.
Following are the detail section wise weightage of marks assigned to the Paper-7 Direct Tax Laws (DTL) and International Taxation (IT) of CA Final course examination to be held in Nov 2023 under New Scheme of Education and Training.
Direct Tax Laws and International Taxation: Section wise Marks Weightage
Part I: Direct Tax Laws (70 Marks)
| Section | Weightage | Contents |
|---|---|---|
| I | 35% – 45% | 1. Basis of charge, residential status, income which do not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income, set-off and carry forward of losses, deductions from gross total income, rebates and reliefs. 2. Special provisions relating to companies and certain persons other than a company (Including firms, LLPs, Trusts, AOPs, BOIs, Securitsation Trusts, Business Trusts, Investment Fund etc.) |
| II | 5% – 10% | 3. Provisions relating to charitable and religious trust and institutions, political parties and electoral trusts. |
| III | 5% – 10% | 4. Tax Planning, Tax Avoidance & Tax Evasion. |
| IV | 15% – 20% | 5. Collection & Recovery of Tax, Refunds. |
| V | 15% – 25% | 6. Income-tax Authorities, Procedure for assessment, Appeals and Revision. 7. Settlement of Tax Cases, Penalties, Offences & Prosecution. |
| VI | 5% – 10% | 8. Liability in Special Cases. 9. Miscellaneous Provisions and Other Provisions. |
Part II: International Taxation (30 Marks)
| Section | Weightage | Contents |
|---|---|---|
| I | 75% – 85% | 1. Taxation of international transactions and Non-resident taxation (i) Provisions of the Income-tax Act, 1961, including – (a) Specific provisions relating to Non-residents (b) Double Taxation Relief (c) Transfer Pricing & Other Anti-Avoidance Measures (d) Advance Rulings (ii) Equalisation levy |
| II | 15% – 25% | 2. Overview of Model Tax Conventions – OECD & UN 3. Application and interpretation of Tax Treaties 4. Fundamentals of Base Erosion and Profit Shifting |
Chapter wise weightage of CA Final Paper-7 DTL & IT
Direct Tax Laws
| Chapter Number | Weightage | Chapter Name and Topics |
|---|---|---|
| Chapter-1 Chapter-2 Chapter-3 Chapter-4 Chapter-5 Chapter-6 Chapter-7 Chapter-8 Chapter-9 Chapter-10 Chapter-11 Chapter-12 | 24-32 Marks | 1. Basic Concepts 2. Residence and Scope of Total Income 3. Incomes which do not form part of Total Income 4. Salaries 5. Income from House Property 6. Profits and Gains of Business or Profession 7. Capital Gains 8. Income from Other Sources 9. Income of Other Persons included in assessee’s Total Income 10. Aggregation of Income, Set-Off and Carry Forward of Losses 11. Deductions from Gross Total Income 12. Assessment of Various Entities |
| Chapter-13 | 4-8 Marks | 13. Charitable or Religious Trusts and Institutions, Political Parties and Electoral Trust. |
| Chapter-14 | 4-8 Marks | 14. Tax Planning, Tax Avoidance & Tax Evasion |
| Chapter-15 | 10-14 Marks | 15. Deduction, Collection and Recovery of Tax |
| Chapter-16 Chapter-17 Chapter-18 Chapter-19 Chapter-20 Chapter-21 | 10-18 Marks | 16. Income-tax Authorities 17. Assessment Procedure 18. Appeals and Revision 19. Dispute Resolution 20. Penalties 21. Offences and Prosecution |
| Chapter-22 Chapter-23 | 4-8 Marks | 22. Liability in Special Cases 23. Miscellaneous Provisions |
International Taxation
| Chapter Number | Weightage | Chapter Name and Topics |
|---|---|---|
| Chapter-1 Chapter-2 Chapter-3 Chapter-4 Chapter-5 | 22-26 Marks | 1. Transfer Pricing and Other Provisions to check Avoidance of Tax 2. Non Resident Taxation 3. Double Taxation Relief 4. Advance Rulings 5. Equalisation Levy |
| Chapter-6 Chapter-7 Chapter-8 | 4-6 Marks | 6. Application and Interpretation of Tax Treaties 7. Fundamentals of Base Erosion and Profit Shifting 8. Overview of Model Tax Conventions |