CMA Inter Paper 7 (DITX) study plan

Classify assesses as resident, not ordinarily resident, or non-resident by applying the 182-day, 60/365-day and 120/365-day deemed-residence tests to at least eight fact patterns

Compute gross salary by assembling basic pay, allowances, perquisites and profits in lieu of salary, and identify which components are fully taxable, partly exempt or fully exempt

Derive the taxable value of the five major retirement benefits: gratuity, pension, leave encashment, provident fund and retrenchment compensation, and state the exemption limit applicable to each

Apply the standard deduction and Section 16 deductions to arrive at income from salaries for three sample employees

Compute net annual value for let-out and deemed let-out property, applying the 30 percent standard deduction, municipal taxes and interest on borrowed capital including the pre-construction interest rule

Distinguish the self-occupied, let-out and vacant property treatments and compute the loss from house property set-off against other heads

Prepare a computation of business income for a trading concern, disallowing inadmissible items such as personal expenses, income tax and capital expenditure

Apply depreciation rules on plant and machinery and buildings, including the additional depreciation and half-rate rules for assets used for less than 180 days

Test the applicability of presumptive taxation under Sections 44AD, 44ADA and 44AE to given turnover and professional-receipt figures

Classify assets as short-term or long-term by holding period and compute capital gains on transfer of land, listed shares and unlisted shares, applying the indexation and grandfathering rules

Apply exemptions under Sections 54, 54B, 54EC and 54F and compute the capital gains exemption account deposit requirement

Compute income from other sources, covering interest, dividends, winnings from lotteries and casual income, and the deductions available against each

Apply Chapter VI-A deductions, including the Section 80C ceiling, 80CCD(1B), 80D, 80G and 80TTA/80TTB, and verify eligible and ineligible claims

Compute total income and tax liability for an individual with salary, house property, capital gains and other sources income, applying the correct slab and special rates

Map the due dates for filing returns, tax audit reports and advance tax installments for non-audit and audit cases

Determine TDS applicability, rate and threshold for payments of salary, interest, rent, professional fees and contractor payments, and identify the consequences of non-deduction

Compute advance tax liability in four installments and calculate interest under Sections 234B and 234C for a shortfall scenario

Outline the assessment procedures: self-assessment, summary, scrutiny, best judgment and reassessment, and the time limits for each

Draft a response to a defective-return notice and a notice for failure to deduct tax

Distinguish tax planning, tax avoidance and tax evasion using concrete examples, and identify the specific anti-avoidance provisions that apply to each

Apply the general anti-avoidance rules to an impermissible avoidance arrangement and state the tax consequences

Explain the residence-based and source-based taxation of non-residents and the scope of income deemed to accrue or arise in India

Apply the arm's length principle and select the most appropriate transfer pricing method for a given transaction

Compute the primary and secondary adjustment for a transfer pricing case and state the documentation requirements

Identify the taxable event of supply under GST and classify a transaction as intra-state or inter-state, applying the place-of-supply rules

Compute GST liability for a composite supply and a mixed supply, applying the correct rate and input tax credit eligibility

Reconcile the GST return cycle and the reverse charge mechanism with the income tax treatment of the same transaction

Revisit the residential status tests and the scope of total income, and correct any errors found in the week 1 flowchart

Re-solve one salary, one business and one capital gains computation under timed conditions without referring to notes

Identify and correct the three most common errors in each computation by comparing against the model answer

Build a one-page summary of the special rates and exemptions applicable to each head

Attempt a full-length mock paper covering all ten domains and score it

Attempt two full-length mock papers under exam conditions and score above the passing threshold on both

Revise the error log and close every unresolved item from weeks 1 to 7

Recite the due dates, thresholds and limits for TDS, advance tax, deductions and GST returns from memory

Complete a final rapid revision of all ten domains using the summary sheets