Systematic Approach To Direct & Indirect Taxation

As per New Syllabus 2023
This 24th edition of Systematic Approach to Direct & Indirect Taxation, authored by Dr. Girish Ahuja and Dr. Ravi Gupta, is designed as per the New Syllabus 2022 for CMA Intermediate and other specialised studies. It is applicable for the June 2024 and December 2024 Examinations (Assessment Year 2024–2025).

The book provides an integrated and systematic coverage of both Direct Taxes (Income Tax) and Indirect Taxes (GST and Customs), combining conceptual clarity with practical application. Written by leading taxation experts, this edition is meticulously updated with the latest amendments, case laws, and tax rates relevant for AY 2024–2025, making it an indispensable resource for CMA students and tax practitioners.

The content spans the full scope of Direct and Indirect Taxation, including:

Direct Taxes – Income Tax
• Basic Concepts, Residential Status, and Tax Incidence
• Computation under various heads of income – Salaries, House Property, Profits & Gains of Business or Profession, Capital Gains, and Other Sources
• Deductions under Chapter VI-A and Exemptions
• Set-off and Carry Forward of Losses, Clubbing of Income
• Assessment Procedures, Appeals, Penalties, and Prosecutions
• TDS, TCS, Advance Tax, and Filing of Returns
• Special Provisions for Non-Residents and International Taxation

Indirect Taxes – GST & Customs
• Overview and Conceptual Framework of GST
• Levy and Collection of CGST, SGST, IGST, and UTGST
• Input Tax Credit Mechanism and GST Returns
• Time, Value, and Place of Supply under GST
• Exemptions, Reverse Charge Mechanism, and E-way Bills
• Customs Law – Levy, Exemptions, and Types of Duties
• Valuation of Goods, Import and Export Procedures
• Baggage Rules, Warehousing, and Drawback Provisions

Special Features of this Edition:
• Thoroughly updated with all recent legislative amendments and notifications
• Illustrations and solved problems for practical understanding
• Past exam questions with solutions for CMA Intermediate preparation
• Suitable for both classroom study and self-learning

This edition is particularly suitable for:
• CMA Intermediate students preparing for June & Dec. 2024 exams
• Professionals and trainees in taxation seeking a single comprehensive reference
• Academicians and institutions teaching tax law
• Competitive exam aspirants requiring accurate and updated tax content

Whether for examinations or professional practice, the Systematic Approach to Direct & Indirect Taxation offers a complete, logically structured, and up-to-date treatment of income tax, GST, and customs law.