CA Final Notes & Updates

Exams postponed at 12 border cities! Source- ICAI CCM. Now it is confirm. Notification will be out very soon Join us - @CAFinalnotes9

IDT- Today's Marathon Coverage - Who Should Watch & Who Shouldn't?? https://youtu.be/rFZpGjNDvQI __ Last 1.5 Days Strategy & Revision Plan https://youtu.be/LDLybOI0blo By CA Akshansh Garg Join us - @CAFinalnotes9

Some basic errors that you NEED to avoid (apparent from the doubts of students) - CA Final Direct Tax 1. Government grant may or may not be included in total donation while computing anonymous donation exemption u/s 115BBC. You can clearly state your assumption. ICAI prefers solving on the assumption that the same is not included in total donation. 2. Section 115BAC allows deduction of municipal taxes as well as 30% standard deduction. Only difference is Sec 115BAC doesn't allow deduction of any interest on loan taken on Self occupied property. 3. In case of TDS/TCS amount of 25,000 or more, ROI is mandatory. 4. Concept of grossing up: Solve it logically. The word received triggers the concept of grossing up. Refer below: - Dividend received from Indian co. - Gross up - Dividend income from Indian co. - No gross up - Dividend received from Foreign co. - No gross up (because foreign company) Similar treatment for Royalty and FTS. Use this concept majortly in NR taxation and DTAA questions. 5. If a company is incorporated after PY 21-22, i.e., there was no turnover in PY 21-22, then the tax rate will be 25%. New addition: 6. If a R makes payment of Royalty/FTS to an ECO, then Sec 165A will not be attracted because for Sec 165A, consideration excludes Royalty and FTS. By CA Shubham Singhal Join us - @CAFinalnotes9

All case laws of 2023/24/25 along with the time stamp of that relevant case law in our Case Law Video: By CA Aarish Khan Join us - @CAFinalnotes9 https://youtu.be/8z_noZB0SzI?si=nYhh_wph8Dyif-U2 Case Laws of 2023/2024/2025: 1. Annasaheb Patil Mathadi Kamgar Sahakari Pathpedi Ltd. [2023] - 1:11:36 2. CIT v. Cognizant Technology Solutions of India Pvt. Ltd. [2023] (SC) - 1:12:50 3. SAP Labs India Pvt. Ltd. v. ITO (and other appeals) [2023] (SC) - 1:22:13 4. US Technologies International Pvt. Ltd. v. CIT [2023] (SC) - 1:24:19 5. ACIT v. AT-Dev Prabha (JV) and others (2023) (SC) - 1:25:02 6. Mahle Anand Filter Systems Pvt. Ltd. v. ACIT [2023] (SC) - 1:26:42 7. CIT v. KBD Sugars and Distilleries Ltd. [2023] (SC) - 1:28:14 8. Secunderabad Club v. CIT [2023] (SC) - 1:29:19 9. CIT (International Taxation) v. Air India Ltd. [2023] (SC) - 1:30:58 10. CIT v. Industrial Development Bank of India Ltd. [2023](SC) - 1:32:23 11. CIT v. A.A. Estate Pvt. Ltd. (2019) (SC) - 1:33:34 12. BDR Finvest Pvt. Ltd. v. DCIT [2024] (Delhi) - 1:38:22 13. Bharti Cellular Ltd. vs. ACIT [2024] (SC) - 1:39:42 14. Godaddy.Com LLC vs ACIT (2023) (Delhi) - 1:40:44 15. Duraiswamy Kumaraswamy v. PCIT [2024] (Madras) - 1:41:19 16. Bank of Rajasthan Ltd. vs CIT [2024] (SC) - 1:52 17. PCIT vs. Adadyn Technologies (P.) Ltd. [2024] (SC) - 8:49 18. Johnson Matthey Public Limited Company vs. CIT (International Taxation) (2024) (Delhi) - 10:32 Join us - @CAFinalnotes9

DT - Playlist 1. Scribble Revision Playlist: https://youtube.com/playlist?list=PL0xOe0xVMnt5_70hUNU6EUACfO0rp23ij&si=m9KD3P5--J82Ux9J 2. Tax shots: https://drive.google.com/drive/u/3/folders/1RKCQZsrQxv2AtqgSVpLnwYzW0gZxz7wO 3. Planner: https://docs.google.com/spreadsheets/d/1Q-qXWZe_gYc9sr1IjSJYAmhGincEe0M53wWcRHOjSdA/edit?gid=924662304#gid=924662304 4. Master Question & Solution: https://docs.google.com/document/d/1qZrSKUI3nZFnYIeRicnKnAKv6COZNYvJbYrj7bf1IrM/edit?usp=sharing 5. Important Summaries: https://drive.google.com/drive/folders/1BY-JYtTpVzuyKvELaqCf3UlnGV7iajEE?usp=sharing 6. MCQs: https://drive.google.com/file/d/1AtSBQ0m24rz8UeRLW-GuXL-s2_i-Dhy8/view?usp=sharing By CA Shubham Singhal Join us - @CAFinalnotes9

Direct Tax- Comprehensive 1.5 Days planner https://docs.google.com/spreadsheets/d/1VguBUF-a6OQTveep6LPQxGdhvgc86ul3/edit?usp=drivesdk&ouid=101407653959308869283&rtpof=true&sd=true By CA Shubham Singhal Join us - @CAFinalnotes9

DT ALL VIDEOS AT ONE PLACE - MAY/SEP 2025/JAN 2026 - FULL ENGLISH: 1. COMPILATION OF 26 RTP’s, MTP’s, EXAM PAPERS: https://youtu.be/fxL1XyBvZD8 2. REVISION VIDEO: https://www.youtube.com/playlist?list=PLaktMnuOA0a6Y941fUMCRyHdY-wMhTVA1 3. 35 MCQ CASE SCENARIO: _ https://youtu.be/AIPP4yk5DZE_ 4. STRATEGY TO SCORE 70+: _ https://youtu.be/xfU9vG37Suo_ 5. HOW TO REVISE DT IN 1.5 DAYS ? _ https://youtu.be/mbwxqY93qKY?si=WANjsmzDcDT9Rpmo_ 6. FINANCE ACT 2024 AMENDMENTS IN 1 HOUR ( Watch Auto Dubbed): _ https://youtu.be/veI-Rzj_iWQ?si=Zcn8HoLGgmNCNd4__ 7. NR TAXATION COMPILATION: _ https://www.youtube.com/live/WSU4Ca3uPsk?si=19hoyncxNZjjGOvH_ __ By CA Aarish Khan Join us - @CAFinalnotes9