Original Notes & Practical Manual on Direct Tax & International Taxation

This 2025 Edition of Direct Tax & International Taxation by CA Shirish Vyas, updated with all amendments introduced by the Finance Act, 2024 (No. 2 of 2024), is a comprehensive and exam-focused resource for CA/CMA Final students appearing in May/Nov 2025 and Jun/Dec 2025 examinations. Presented in two parts—Original Notes and Practice Manual—this set is meticulously crafted to ensure complete coverage of the syllabus while enhancing conceptual clarity and exam preparedness.

The Original Notes volume provides an in-depth yet simplified explanation of complex provisions, integrating the latest legislative changes and judicial interpretations. The Practice Manual complements it by offering a wide range of questions with solutions, enabling students to test and strengthen their understanding through rigorous practice.

The content covers the full scope of Direct Tax and International Taxation for CA/CMA Final, including:

• Residential status and scope of total income

• Income under various heads – Salaries, House Property, Business/Profession, Capital Gains, and Other Sources

• Deductions under Chapter VI-A and exemptions under various provisions

• Taxation of firms, LLPs, companies, and non-residents

• Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT) provisions

• Transfer pricing regulations and arm’s length principle

• International taxation concepts – DTAA provisions, OECD guidelines, and BEPS measures

• Equalisation levy, GAAR, and anti-avoidance measures

• Tax computation and return filing requirements

• Assessment procedures, appeals, revisions, penalties, and prosecutions

• Case law summaries relevant for exams

• Amendments introduced by the Finance Act, 2024 fully integrated in the text

• Exam-oriented question sets in the Practice Manual with detailed, step-by-step answers

This edition is particularly suitable for:

• CA Final and CMA Final aspirants seeking a one-stop solution for both learning and practice

• Students looking for updated, Finance Act–compliant material for May/Nov 2025 and Jun/Dec 2025 exams

• Professionals wanting a structured, clear reference on Direct and International Taxation provisions

• Trainers and academicians in taxation law

By combining detailed explanatory notes with an exhaustive practice component, this edition equips candidates with the knowledge and problem-solving ability necessary to excel in the CA/CMA Final Direct Tax & International Taxation paper.