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Dear CA Final Students,

Exams of the CA Final are over and the discussion is on high pitch amongst the students that how was the descriptive part of Direct Tax (old syllabus) question paper – easy, tough or moderate? Let us find out following the standard approach called "Dissection".

Dissection of question paper of Direct Tax CA Final (Old syllabus) Nov 2o2o Exam

Direct Tax CA Final (Old syllabus) Nov 2020 Exam - A Meaningful Insight and Suggested Answers

Question No.

Chapter Name / Section No.

Marks

Average expected performance of the students

Tricky Adjustments/ points

1

Computation of Total Income

14

Able to manage 75%

Refer point (c), (e), (f) of this question

2 (a)

Assessment of Charitable Trust

8

Able to manage 80% to 100%

Not much

2(b)

Computation of Unilateral Relief under section 91

6

Able to manage 80% to 100%

Not Much

3(a) (i)

TDS under section 192

2

Able to manage 70% to 90%

Judgment of Supreme Court

3(a)(ii)

TDS under section 194I

2

Able to manage 70% to 90%

Judgment of Supreme Court and CBDT Circular

3(a) (iiI)

TDS under section 194J

2

Able to Manage 70% to 90%

CBDT Ciruclar

3(a)(iv)

TDS under section 195

2

Able to manage 50% to 60%

Taxability of Commission in India in the hands of Agent. To answer this question one assumption required

3(b)

Taxation of Non-residents – section 115 BBA

6

Able to manage 70% to 90%

Proper drafting required while answering 3(b)(iii)

4(a)(i)

Assessment Procedure- Section 144C

4

Able to manage around 30%

Whether filing of appeal to CIT(A) possible when draft order deemed to have been accepted?

4(a)(ii)

Powers of IT authorities – Section 132B

4

Not able to manage

It requires thorough understanding of Section 132B and the relevant case law

4(a)(iii)

Re-assessment proceedings under section 147

4

Able to manage around 30%

Judgment of Supreme Court

4(b)(i)

Taxation of Non-residents – Section 9 - Business connection

2

Able to manage 50%

Very old judgment of Supreme Court

4(b)(ii)

Taxation of Non-residents – Section 9 - Business connection

2

Able to manage 30%

Judgment of Court

4(b)(iii)

Taxation of Non-residents- Section 9 and 115A

2

Not able to mange

This question is an abridged form of one question in Nov 2003 attempt

5(a)(i)

Powers of IT authorities – Section 132B

4

Not able to manage

It requires thorough understanding of Section 132B

5(a)(ii)

Penalty- Section 270AA

4

Able to manage

50%

It requires thorough understanding of Section 270AA

5(b)

Transfer Pricing – Section 92CE

6

Able to manage 50% to 70%

Amendment made by Finance Act 2019

6(a)(i)

AAR

6

Able to manage 30% to 50%

It requires thorough procedural understanding

6(b)

Tax planning – avoidance – management

4

Able to manage 70% to 90%

Proper drafting required

6(c)

Dividend Stripping- Section 94(7) and computation of Capital Gain

4

Able to Mange 60% to 80%

Cutoff date for the purpose of section 94(7)

 

Drawing conclusions

1. The opening two questions were quite easy.

2. The paper was "MODERATE".

3. "TOUGH" for those who opted to write question no. 4

4. "TOUGH" for those who have not done in-depth study of CBDT circulars and Court Judgments on TDS

5. "TOUGH" for those who are not acquainted with the procedural aspects of Income Tax Act.

6. "TOUGH" for those who lack in-depth understanding on International Taxation.

 

7. ICAI had not given much weightage (in descriptive part) to recent amendments, Capital Gain, Income from Other Sources, MAT, AMT, Partnership Firm, Advance Tax, Routine provisions of assessment and appeals.

Suggested Answers

The Students under my mentorship had a pleasant experience in writing this paper, the reason being, astonishingly Q No.2(b), entire Q No.3, almost Q No.4 and Q No. 6 were identical and covered in my book. I have appended extracts from my book for the above referred questions which may serve as a suggested answers.

In next article, we will discuss what care should be taken while planning for the preparation of Direct Tax by the students who will be appearing in May 2021 / Nov 2021 and onwards.

Click here to download: Dissection of CA Final Nov 20 Direct Tax Paper and Suggested Answers  

Thank you all for the patient reading and special thanks to Siddharth for a lovely Phrase DT=MT.

You can also listen me

 

To view/download the question paper on CA Final - DT (Old Course) for Nov'20 Exams - Click Here
To view/enroll CA Final - DT (Old Course) subject by the author: Click Here


  

Published by

CA Mehul Thakker
(Managing Partner)
Category Students   Report

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