ICWA FINAL TAX MANAGEMENT

Section A: Advance Direct Tax Laws [50 Marks] 

1.  ASSESSMENT of income

  • Individual including non-resident
  • Company
  • Trust
  • Mutual Association 

2. Tax Management, Return and Assessment Procedure 

  • Return of Income
  • Assessment Procedure
  • Interest and fees
  • Survey, Search and Seizure
  • Refund, demand and recovery 

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 
  1. Different aspect of Tax planning
  2. CBDT & Other Authorities
  3. E-commerce Transaction and        liability  in            special  cases
  4. Income Computation and Disclosure Standards (ICDS) 

10. Black Money Act, 2015 

  • Introduction to Black Money Act
  • Highlights of Black Money Act 

Section B: International Taxation [30 Marks] 

11. Double Taxation and Avoidance Agreements [Sec. 90, 90A and 91]

12. Transfer Pricing 

  • Transfer Pricing   including              specified              domestic             transactions
  • Application of Generally Accepted Cost Accounting Principles and Techniques for determination of
  • Arm’s Length Price
  • Advance Pricing Agreement – Concept and Application
  • Safe Harbour Rules & their capitalisation 

Section C: Case Study Analysis [20 Marks]