Taxation is the system by which a government finances its expenditure by charging compulsory levies on individuals or business entities. These compulsory levies are known as taxes. Direct taxes are those taxes paid directly by an individual or business entity to the Government. International Taxation deals with Tax provisions which affect MNCs, cross border transactions, export and import. 

In this paper, you will gain knowledge on Tax planning, assessment of tax for various assesses and return filing procedures. The case laws and core provisions of the Act helps in handling the cases and issues regarding taxation conflicts 
Your main goal as a CMA is profitability analysis and budget preparation. To do this effectively, you need to understand all expenses of the company. Hence you must gain an understanding of the framework under which an individual or a business entity is taxed. You need to understand the impact of taxes on Net Income at an advanced level.