Taxmann Cracker - Direct Tax Laws & International Taxation Book for CA Final by CA Ravi Chhawchharia

Direct Tax Laws & International Taxation | CRACKER is a comprehensive study companion designed to help CA-Final students. This Edition incorporates all the A.Y. 2025–26 updates, ensuring accuracy and relevance to current law. It includes solved past exam papers, chapter-wise analysis, and over 630 practical questions. It is an all-inclusive resource for aspirants aiming to excel in the CA-Final Group II – Paper 4.

The Present Publication is the 10^th Edition for the Sept. 2025/Jan. 2026 Exams. This book is authored by CA. Ravi Chhawchharia, with the following noteworthy features:

• [Updated as per A.Y. 2025-26] Ensures all provisions and amendments are covered up to the latest attempt
• [Past Exam Coverage] Includes relevant questions and solutions from the latest past exams, including May 2025, to help students understand exam patterns.
• [Chapter-wise Marks Distribution & Trend Analysis] Offers insights into important chapters and repeated question patterns
• [Over 630 Practical Questions] In-depth practice questions with step-by-step solutions help hone problem-solving skills
• [Focus on New Topics] Addresses newly introduced topics by ICAI, such as Tax Audit & Ethical Compliances and Latest Developments in International Taxation
• [User-friendly Presentation] Clear headings, bullet points, and systematic solutions make this an easy-to-navigate study companion
• [Ideal Exam-prep Tool] By amalgamating past paper trends, chapter-wise analytics, and a rich question bank, this CRACKER ensures a thorough and targeted revision experience

The coverage of the book is as follows:

• Part I – Direct Tax Laws (70 marks)
  • Core income heads, including Profits and Gains of Business or Profession, Capital Gains, Income from Other Sources, etc.
  • Specialised chapters on topics like Minimum Alternate Tax (MAT), Alternate Minimum Tax (AMT), Taxation of Firms/LLP/AOP/BOI, and Taxation of Charitable/Religious Trust
  • Procedural aspects such as Assessment Procedures, Appeals & Revisions, Survey, Search and Seizure, Tax Deduction & Collection at Source (TDS & TCS), and Tax Audit & Ethical Compliances
• Part II – International Taxation (30 marks)
  • Coverage of international tax concepts, including Tax Incidence in India, Taxation of Non-Residents, Double Taxation Relief, and Transfer Pricing
  • Advanced areas such as Fundamentals of BEPS, Application and Interpretation of Tax Treaties, Advance Rulings, and the Latest Developments in International Taxation

The structure of the book is as follows:

• Introductory Sections
  • Chapter-wise Marks Distribution showing past exam weightage
  • Previous Exams Trend Analysis detailing frequently asked questions and their nature (practical/theory)
  • Chapter-wise Comparison with Study Material to streamline cross-referencing between this CRACKER and ICAI's content
• Main Content
  • Part I – Direct Tax Laws – 31 chapters meticulously organised, starting from fundamental definitions and income heads to complex provisions like MAT, AMT, and TDS/TCS
  • Part II – International Taxation – 9 chapters covering tax incidence, double taxation, transfer pricing, and the latest developments in global tax frameworks
• Practical & Theoretical Mix – Each chapter includes a variety of practice questions (practical and theoretical) to strengthen conceptual understanding and application
• Solutions to Past Exam Papers – Comprehensive solutions explain each step clearly, assisting in exam-focused revision