Important Announcement for CA Final DT, IDT (May/Nov 2018) Old Course Students, regarding study material applicability. ICAI Announcement for Final (Old Course) Students appearing in May 2018 & November, 2018 Examinations – Study Materials applicable for Paper 7: Direct Tax Laws & Paper 8: Indirect Tax Laws – (28-09-2017)
Students of Final (Old) Course, appearing in May, 2018 and November, 2018 examinations, may note that the new Study Materials for Final Paper 7: Direct Tax Laws and International Taxation and Final Paper 8: Indirect Tax Laws under the Revised Scheme of Education and Training are relevant for Papers 7 & 8 of the Final (Old) Course as well, with the exception of the following three chapters in Module 4 of the Study Material of Paper 7 Part II: International Taxation, namely,
- Chapter 6: Overview of Model Tax Conventions;
- Chapter 7: Application and Interpretation of Tax Treaties; and
- Chapter 8: Fundamentals of Base Erosion and Profit Shifting.
Thus, Modules 1,2,3 and chapters 1 to 5 of Module 4 of Study Material of Final (New) Paper 7: Direct Tax Laws and International Taxation are relevant for Final (Old) Paper 7: Direct Tax Laws also. The content of the Study Material is based on the direct tax laws as amended by the Finance Act, 2017. The relevant assessment year is A.Y.2018-19.
As far as Paper 8: Indirect Tax Laws is concerned, the syllabus is the same in both old course and new course, and hence, the Study Material for new course is applicable for the old course. The syllabus is divided into two parts: Part I : GST (75 marks)and Part II: Customs and FTP(25 marks). Here again, the content of Part II is based on the law as amended by the Finance Act, 2017.
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For Easy Understanding
CA Final (Old Course Students) appearing in May’18/Nov’18 Exams
For DT
New Study material for International Taxation will be relevant for Old Course Students as well
2) Following Chapters will not be applicable :
- Overview of Model Tax Convention
- Application & Interpretation of Tax Treaties
- Fundamentals of Base Erosion & Profit Shifting
For IDT
1) Syllabus for both Old & New Course is same.
Part 1 : GST (75 Marks)
Part 2 : Customs & FTP (25 Marks)
*content of Part 2 is based on law as amended by Finance Act 2017