CMA Inter Paper 7 (DITX) case studies
CMA Inter Paper 7 (DITX) · Put your knowledge to work in context.
CMA Inter Paper 7, usually called DITX (Direct Taxation), is one of the papers in the Intermediate level of the CMA (Cost and Management Accountancy) course offered in India. It suits students who have cleared the CMA Foundation or entered through a recognised degree route and who now need a working command of Indian direct tax law - not just definitions, but the ability to compute taxable income and tax liability for a realistic fact pattern. The CMA Inter Paper 7 (DITX) case studies are 5 cases and about 4,872 words.
1The Returning Gulf Professional: Fixing Residential Status Before Filing
Arvind Nair, an Indian citizen, worked in Dubai from April 2019 to August 2024 and returned to Pune on 1 September 2024 to join an Indian employer. During the last ten years his only stay in India was 20 December 2023 to 15 January 2024 (27 days); he was non-resident in every earlier year.
914 words, about 5 min2Salary Structuring Check: HRA, NPS and the Regime Choice
Kavya Menon is Senior Vice President (a non-government employee) of a private company in Mumbai. For FY 2024-25 her employer paid basic salary ₹9,60,000, dearness allowance ₹2,40,000 (entirely forming part of salary for retirement benefits), house rent allowance ₹3,60,000 and special allowance ₹2,40,000.
923 words, about 5 min3Three Properties, Two Regimes: Interest, Recovery of Unrealised Rent and Unsold Stock
Basu has taxable salary of ₹22,00,000 for FY 2024-25 and owns three properties. Property A (Pune) was let out throughout the year at ₹40,000 per month.
944 words, about 5 min4Manufacturer's Disallowances, Cash Payments and the 194Q/206C(1H) Puzzle
M/s Suryodaya Engineering Works, the proprietorship of Mr. Ramesh, manufactures precision components.
997 words, about 5 min5Exporting IT Services to a Singapore Subsidiary: GST Reversals and Transfer Pricing Exposure
Zenith Soft Labs Pvt Ltd, Pune, has turnover of ₹10 crore in FY 2024-25: ₹9 crore from software development services supplied to its wholly owned subsidiary in Singapore, billed in US dollars, and ₹1 crore from training programmes to students in India, which are exempt from GST. The company has filed a letter of undertaking and exports without payment of IGST.
1,094 words, about 5 min