Direct Tax Laws and International Taxation (DIT) | CRACKER

Book Type: CMA Final Group III Paper 15 Direct Tax Laws and International Taxation – CRACKER Question Bank

Syllabus: ICMAI Syllabus 2022

Edition: 2nd Edition | July 2026

Author: CA. Tarun Agarwal

Key Highlights:

• Fully solved past-exam questions from June 2015 to June 2026 with approximately 465 solved questions
• More than 320 questions modified as per Assessment Year 2026–27 provisions, rates and thresholds
• Every question tagged with examination sitting and marks, including Modified and Similar labels wherever applicable
• Chapter-wise marks distribution and trend analysis covering recent examinations from 2023 to 2026
• Tabular Quick Review summary at the beginning of all 24 chapters for rapid pre-examination revision
• Module-wise comparison with the CMA Study Material covering all 14 official modules
• Objective, descriptive and practical questions fully solved with step-by-step working notes and computation tables
• Latest positions incorporated including section 115BAC, amended section 40(b) partner-remuneration limits, delayed MSME payment disallowance, section 234C advance-tax interest and Health & Education Cess at 4%
• Full June 2026 solved paper with suggested answers arranged module-wise

Content Coverage:

• Section A – Direct Tax Laws
• Section B – International Taxation
• Assessment and tax computation of individuals including non-residents, companies, trusts and mutual associations
• Return of Income, Assessment Procedure and Dispute Resolution
• Interest and Fees, Survey, Search & Seizure
• Collection, Recovery and Refund of Tax
• Appeals, Rectification, Revision, Settlement Commission and Advance Ruling
• Penalties and Prosecutions
• Business Restructuring and Tax Planning
• CBDT and Other Tax Authorities
• E-Commerce Transactions and Liability in Special Cases
• Income Computation and Disclosure Standards (ICDS)
• Black Money Act 2015
• Case Studies
• Double Taxation Avoidance Agreements (DTAAs)
• Transfer Pricing
• General Anti-Avoidance Rule (GAAR)

Book Structure:

• Section A – Direct Tax Laws covering 11 modules
• Section B – International Taxation covering 3 modules
• Strategy tools including Chapter-wise Marks Distribution, Previous Exams Trend Analysis and Module-wise Comparison with the CMA Study Material
• Each chapter begins with a tabular Quick Review covering the core provisions
• Objective Questions block for quick recall followed by descriptive and practical questions with fully worked solutions
• Every question carries its examination sitting, marks and answer-type classification
• Historical questions and solutions updated to reflect Assessment Year 2026–27 provisions, rates and limits