CA Final Video Classes for Direct Tax laws and International taxation
Kalpesh Classes is providing quality education for the students of CA Final for direct tax laws and international taxation and Indirect Tax laws.
Students are provided with very good practice with really good number of quality questions for CA final Direct Tax Laws and International taxation paper.
CA Kalpesh Sanghavi has 20 years of teaching experience for direct tax laws and international taxation.
CA Final Video classes for direct tax laws and international taxation is provided on USB media / pendrive and students can study them at their convenient time.
CA Final Direct tax laws and International taxation is one of the exam paper where students will have to have good conceptual clarity of the subject.
For the Students of May 2019 and November 2019 of CA Final, Video classes is already available.
CA Final Elective Paper 6C on International taxation is also available in video classes with Exclusive coverage on case studies like 50 marks in examination.
CA Final Elective paper 6C on international taxation is an open book exam where students will have to have complete conceptual clarity from exam point of view.
Special offer – Nov 2018 CA Final – DT and IDT 10,000.
May 2019 Bookings are open.
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What is direct tax in general :-
A direct tax is paid directly by an individual or organization to the imposing entity. A taxpayer, for example, pays direct taxes to the government for different purposes, including real property tax, personal property tax, income tax or taxes on assets.
Direct taxes are based on the ability-to-pay principle. This principle is an economic term that states that those who have more resources or earn higher income should pay more taxes. The ability to pay taxes is a way to redistribute the wealth of a nation. Direct taxes cannot be passed onto a different person or entity; the individual or organization upon which the tax is levied is responsible for the fulfillment of the full tax payment.
Direct taxes, especially in a tax bracket system, can become a disincentive to work hard and earn more money, because the more money a person earns, the more taxes he pays.
A direct tax is the opposite of an indirect tax, where the tax is levied on one entity, such as a seller, and paid by another, such as a sales tax paid by the buyer in a retail setting. Both taxes are equally important to the revenue generated by a government and therefore, to the economy.
International Taxation : –
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country’s tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner of limitation generally takes the form of a territorial, residence-based, or exclusionary system. Some governments have attempted to mitigate the differing limitations of each of these three broad systems by enacting a hybrid system with characteristics of two or more.
Many governments tax individuals and/or enterprises on income. Such systems of taxation vary widely, and there are no broad general rules. These variations create the potential for double taxation (where the same income is taxed by different countries) and no taxation (where income is not taxed by any country). Income tax systems may impose tax on local income only or on worldwide income. Generally, where worldwide income is taxed, reductions of tax or foreign credits are provided for taxes paid to other jurisdictions. Limits are almost universally imposed on such credits. Multinational corporations usually employ international tax specialists, a specialty among both lawyers and accountants, to decrease their worldwide tax liabilities.
With any system of taxation, it is possible to shift or recharacterize income in a manner that reduces taxation. Jurisdictions often impose rules relating to shifting income among commonly controlled parties, often referred to as transfer pricing rules. Residency-based systems are subject to taxpayer attempts to defer recognition of income through use of related parties. A few jurisdictions impose rules limiting such deferral (“anti-deferral” regimes). Deferral is also specifically authorized by some governments for particular social purposes or other grounds. Agreements among governments (treaties) often attempt to determine who should be entitled to tax what. Most tax treaties provide for at least a skeleton mechanism for resolution of disputes between the parties.