Taxmann’s Cracker – Direct Tax Laws and International Taxation (DIT) (CMA-Final) (New Syllabus) by Tarun Agarwal for Dec 2026 Exams – 2nd Edition July 2026.

Direct Tax Laws and International Taxation (Paper 15) requires a precise blend of theoretical knowledge and complex computational stamina. Taxmann’s CRACKER is engineered around the examination itself rather than teaching the subject afresh. This 2nd Edition (July 2026) condenses the entire syllabus into 14 tightly organized modules. It draws on more than a decade of actual CMA question papers, updates each one to the law in force, and pairs it with a model answer written exactly how an examiner expects to see it.

Designed for Exam-Condition Practice

The book follows a consistent, revision-friendly architecture built to help students convert conceptual understanding into actual marks under real exam conditions:

• Strategic Front Section: Before opening a chapter, students get a data-backed map of the syllabus. The Chapter-wise Marks Distribution (across 2023–2026 sittings) and Previous Exams Trend Analysis reveal exactly which topics carry the most weight and how they are tested.

• Quick Review Summaries: All 24 chapters open with a crisp, tabular recap distilling the core provisions and their treatment for fast, pre-exam recall.

• A.Y. 2026-27 Compliant: Nothing in the book asks a student to practice on stale law. Historical problems and their answers are fully rebuilt around the latest positions—including the section 115BAC default tax regime, amended section 40(b) limits, and MSME payment disallowances.

• Objective & Practical Problem Blocks: Many chapters feature dedicated ‘Objective Questions’ (MCQs) alongside full descriptive and computational problems, complete with step-by-step working notes and computation tables.

Syllabus Coverage & High-Yield Practice Areas

The book spans the complete Paper 15 syllabus across two sections, matching the official ICMAI study material modules (1–14):

• Section A – Direct Tax Laws (11 Modules): Covers the assessment of various entities (individuals, companies, trusts), return of income, dispute resolution, search and seizure, recovery of tax, appeals, tax planning, and the Black Money Act 2015.

• Section B – International Taxation (3 Modules): Covers heavily weighted cross-border topics including Double Taxation Avoidance Agreements (DTAAs), Transfer Pricing, and the General Anti-Avoidance Rule (GAAR)—historically among the highest-scoring areas of the paper.

Who Should Buy This Book?

• CMA Final Candidates: The ultimate practice-and-revision tool for students preparing for the Paper 15 (Group III) examinations targeting the Dec 2026 attempt.

• Coaching Institutes & Faculty: A highly structured, updated, and exam-tagged resource for setting mock exams and guiding intensive classroom practice.

About the Author

CA Tarun Ramgopal Agarwal is a distinguished All-India Rank Holder across all levels of the Chartered Accountancy exams, earning a Gold Medal in Financial Reporting in the CA Final. Holding multiple prestigious qualifications including B.Com., CS, LL.B., CFA (Level 2), and FRM, he is widely recognized as a leading educationalist.

In 2013, he founded Simply Shiksha Coaching Institute in Surat, dedicated exclusively to CMA students. With ten years of teaching experience spanning accounts, direct taxation, costing, and financial management, CA. Tarun has mentored over 25 All-India Rank Holders in CMA studies. He is an accomplished author of numerous CMA Intermediate and Final CRACKERs published by Taxmann.

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