Certification Course Direct Tax Master Class by CA Sameeha Mehta

Session Plan

Outline of the course
Skills you require to enter into this domain
Framework of Indian Income-tax Act
relevant for Corporate and International taxation
Discussion of career trajectory in this profile in Big 4s
Refresher of basics of income tax (including different heads of income, difference between financials and income tax returns, how to use financials for preparing tax returns)

Tax Audit Report- Form 3CD
Corporate tax rates in India
Common adjustments while computing profits and gains from business
Practical case study of preparation of computation of income and filing ITR-6 form for a domestic company

Scope of income [Section 5], Interplay between Section 5 and Section 9
Gross basis vs. Net basis of taxation for non-residents
Tax Treaties and how to read them
How to avail benefit of tax treaties [Section 90]
Practical issues related to Royalty and Fees for Technical Services (FTS) (including discussion on Most Favoured Nation clause in tax treaties)

Understanding what is a Permanent Establishment and its implications
Types of Permanent Establishments and their essential characteristics/tests
Business Connection vs Permanent Establishment

India's unilateral approach to tax digital economy
Equalization Levy 1.0
DCF Intro

Overview of litigation process
Types of assessment proceedings
Practical example of preparation of response to notice under Section 142(1)
Dispute Resolution Panel (DRP) vs Commissioner of Income Tax Appeals [CIT-(A)]
General concept of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS)
Compliances related to TDS/TCS
Illustrative transactions under purview of TDS/TCS
Higher withholding in certain cases- Section 206AA/206CC ; 206AB/206CCA
Practical example of calculation of TDS

Practical example of preparing a legal submission before CIT(A) or ITAT

Practical exercise of reading and summarising a case law - Steria (India) Ltd. V. CIT

Practical case study of a transaction advisory assignment pertaining to a MNC group who wants to invest into renewable sector in India by setting up a new entity and also achieving commercial efficiencies by leveraging their existing companies in various countries, therefore wants you to do a Jurisdictional analysis for selecting an optimum holding jurisdiction

Types of Return forms
Personal tax rates - Old regime vs. New Regime
Illustration of preparation of computation of taxable income for an Individual having varied incomes that are encountered on a regular basis (Salary Income, Rental Income from House Property, Capital Gain from House Property, Dividend from Investment in Shares, Savings bank account interest)
Certificate of Completion
Revision Manual and Interview Guidebook

MCQs Based Exam Online - Practical Exam based on Course Module

Meet Your Instructor

CA Sameeha Mehta

CA Sameeha Mehta - is a qualified Chartered Accountant. With over 8 years of work experience, she has worked in the field of Direct Tax [corporate and international taxation] with some of the top firms in India including one of the big 4s, wherein she developed functional expertise in advising multinational clients (spread across various industries) on Direct Tax and matters in addition to helping them fulfil various Direct Tax compliances, providing litigation assistance and much more. She has also worked in statutory audit with one of the top firms in India which has helped her gain a comprehensive understanding of the financial statements since she staunchly believes that one cannot be a proficient income-tax consultant without having the knowledge of the accounting side of things.