What & How to cover for Articleship in Direct & International Taxation?

What & How to cover for Articleship in Direct & International Taxation?

What? 

The below list contains broad topics which one should prepare who is aiming for pursuing articleship training in Direct & International Taxation from a reputed CA Firm like Deloitte, KPMG, Vaish & Associates etc.

How?

I have inserted links at various places in this blog - A MUST REFER! :) 

Preparation time - A week approximately

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1. Basic Tax rates (Watch Vinod Gupta sir Lecture 1 on YT for this) can also refer this link -
• Domestic Company - 25% / 30% + Surcharge Rates (7% & 12%)
• Foreign Company - 40% + Surcharge Rates (2% & 5%)
• Firm / AOP/ BOI
• 112, 112A, 111, 111A
• Individuals Slab Rates - Deductions allowed, Rebate u/s 87A  
• Maximum Marginal Rate concept
• MAT & AMT - book profit calculation - 115JB
2. Section 5 - Scope of Total Income
3. Section 9 - Income deemed to accrue or arise in India 
   
   
• Meaning of Royalty - Consideration (or Lump Sum consideration) for 
• Transfer of right in patent, design, model, plan, secret formula...
• Imparting info w.r.t. working of patent, design, model, plan, secret formula... 
• Use of patent, design, model, plan, secret formula...
• Imparting info concerning industrial, commercial & scientific knowledge..
• Use/ Right to use industrial, commercial & scientific equipment
  
  
• Meaning of Fee for technical services - Consideration (or Lump Sum consideration) for managerial, technical or consultancy services
  
  
4. Section 195 - TDS for payment to Non-Resident (on Income chargeable to tax in India)  
5. Section 197 - Lower withholding tax certificate 
6. Section 194C & 194J - TDS for contractual payment & on payment for professional/technical services 
7. PGBP - Section 28 (charging section), Section 43B (deductions allowed on actual payment basis), Section 36 & section 37 (general deduction) + 44AD, ADA and briefly complete chapter
8. Capital Gains - WDV, Actual Cost, Slump Sale, Section 48, 49 & 50 + Exemption section - 54, 54G...
9. Advance Tax & Section 234A/B/C and 234D/E/F/G 
10. Assessment topics (BB Sir revision video refer for CA Final Assessment revision)
• Section 142(1) - AO calls to furnish Return / Accounts / Information 
• Section 143(1) - Intimation, 143(2) - Scrutiny Assessment, 143(3) - Assessment Order 
• Section 144 - Best Judgement Assessment
• Section 147 - Income escaping assessment / reassessment
• Section 148
• Section 148A
• Section 154 - Rectification
• Dispute Resolution Penal - DRP - 144C - My video 
• Faceless assessment 
11. DTAA (Double taxation avoidance agreements) - Read Article on PE, FTS, Royalty, Interest and other income + if time - Non-Discrimination clause + MFN clause in DTAA
12. Documents for taking benefit of DTAA
• Tax Residency certificate for the year in which deduction is to be made
• Online Generated form 10F
• No PE Certificate 
• Tax identification number in the country of residence
13. Equalisation Levy (covered in above DTAA link)
14. Form 16, 16A, 24Q, 26Q, 27EQ, 15CA - 15CB & others - due dates of TDS returns, Income tax returns and Interest under sections 201(1) and 201(1A) for default in TDS deduction and payment to Government. 
15. BEPS (Base Erosion Profit Shifting) - basic meaning
16. Permanent Establishment - meaning and types
• Fixed Place PE
• Service PE
• Agency PE
17. Must refer VG Sir 1st lecture available on YT by clicking on the Link-

Click on the above image for clear view

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