PART 2
Eighteen Revised Edition : September, 2024
Preface
for 18th Edition
"What we learn with pleasure we never forget" - Alfred Mercier
Direct Tax is the one of the most extensive subject in terms of volume and sometimes it may
seems to be intimidating as well. Through this book, we have tried to eradicate that fear. Our
purpose is to efficiently succinct all important concepts without becoming overwhelmed with
voluminous textbooks.
The book is user-friendly and will work as a one stop solution for your CA/CMA Final DT paper.
During my exam time, I have struggled alot because of using multiple books and notes. Due to
mad rush in exams, I often used to get confused with what to refer and how to remember.
Since that period, I have tried and I'm still trying to make learning simpler and easier for
anyone to understand and apply.
I'm highly delighted to introduce a handwritten font book called 'Compact 2.0' which will act as
a complete guide for a CA final student. From exam preparation to last minute revision, this
book can be your great companion in celebrating your success with you. “Compact 2.0” is
amended and updated as per New Syllabus of ICAI.
It took me 45 days to make this edition possible. I would like to express my gratitude to
everyone who helped me in bringing this idea alive.
I dedicate this book to each student who is aspiring to become a Chartered Accountant / CMA
and contribute in the growth of our country.
Compact is color coded book for easy understanding
Black : Headings
Blue : Main Content
Red : Important Point & Words
Green : Amendments
Thanks to makemydelivery.com/Pooja Law house to publishing this book. I would also like to
thanks Aadil & Sneha for their valuable contribution in Compact 2.0.
Topic wise Weightage
Sections Weightage Content Area
PGBP, Capital Gain, IFOS, Clubbing, Setoff & C/F,
Deduction u/c VI-A, Alternative Tax Regime u/s
115BAA, 115BAB, 115BAC, 115BAD, 115BAE, MAT,
1. 20% - 23% AMT & SEZ
Taxation of charitable and religious trust and
institutions, political parties and electoral trusts,
2. 20% - 22% business trusts, securitisation trusts, investment
funds, GAAR, VDA, Equalisation Levy
TDS & TCS, Assessment Procedures, Appeals and
Revision, Dispute Resolution, Miscellaneous
3. 20% - 30% Provisions, Black Money Act, 2015, Penalties & Tax
Audit
International Taxation
Transfer Pricing, NR Taxation, Double Taxation
4. 30% - 35% Relief, Advance Ruling, MTC, BEPS, Application and
Interpretation of Tax Treaties
1 Advance Tax, TDS & TCS 01
2 Assessment Procedure 39
3 Appeals & Revisions 83
4 Dispute Resolution Committee 93
5 Miscellaneous Provisions 97
6 Penalties & Prosecutions 107
7 The Black Money Act, 2015 113
8 Equalisation Levy 119
9 GAAR 125
10 Taxation of VDA 130
11 Exempt Income 133
12 Tonnage Taxation 135
13 Taxation of Trust & Institutions 136
14 Tax Audit & Ethical Compliance 152
15 Transfer Pricing 158
16 Non-Resident & NRI Taxation 176
17 Double Taxation Relief (DTAA) 207
18 Advance Rulling (BOAR) 211
19 Model Tax Conventions (MTC) 214
20 Application & Interpretation of Tax Treaties 221
21 Base Erosion & Profit Shifting (BEPS) 228
22 Latest Developments in international Taxation 238
23 Foreign Tax Credit Rule 243
24 Conversion of Foreign Income into Indian Currency 245
25 Remaining Case Laws & Concepts 246
All the Best
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