Basic Concepts

What is Tax?
Power to levy tax
Overview of Income Tax Law in India
Income Tax Act
Finance Act
Income Tax Rules
Circulars & Notifications
Case laws
Levy of income Tax
Quiz on Basic Concepts

Process of Computing Total Income for Income Tax Purposes

Process of computing Total Income
Determine Residential Status
Classify Income Under different heads
Computation of Income Under each Head
Clubbing of Income
Set-off & Carry forward & Set off losses
Computation of Total Income
Slab rates for Individual / HUF / AOP / BOI / AJP
Clarification regarding age of Senior & Very Senior Citizen
Concessional Tax Rates u/s 115BAC
Tax rates for Firm / LLP / Local Authority & Co-operative Society
Tax rates for Company
Tax rates for certain type of Income
Computation of Tax Liability - Case Study
Surcharge
Rebate
Health & Education Cess
Marginal Relief Case Study 1
Advance Tax
Tax Deducted at Source (TDS)
Tax Payable & Refundable
Return of income
Who is an Assessee?
What is Assessment?
Quiz on Process of Computing Total Income for Income Tax Purposes

Person

Who is a person?
Who is an Individual?
What is HUF?
What is company?
Classes of companies
What is firm?
What is Association of Person?
What is Body of Individuals?
What is Local Authority?
Quiz on Person

Income

What is income?
Concept of income under Income Tax Act
Concept of Revenue and capital Receipts
Transactions in the course of Business
Profits from sale of shares and securities
Whether single transaction constitute business?
Compensation on Termination of Agency
Treatment of Gift
Definition of India
Average Rate of Tax & Maximum marginal Rate
Assessment Year & Previous year
Previous Year for undisclosed source of income
Previous Year for unexplained cash credit
Previous year unexplained investments
unexplained money
Investment not fully disclosed in Books of Accounts
Unexplained Expenditure
Amount borrowed or repaid on Hundi & tax effect
Cases where income of previous year assessed in previous year
Taxability of shipping Business of Non - Resident
Taxability of person leaving india
Taxability of AOP/BOI/Artificial juridial persons formed for event or Purpose
Taxability of persons likely to Transfer property to avoid tax
Taxability of Discontinued Business
Charge of Income Tax
Quiz on Income

Rate of Taxes

Income tax slab rates for individuals (A.Y. 2018-19)
Income Tax slab rates for Senior citizens (A.Y.2018-19)
Tax rates for firm,LLP,Local Authority, co-operative society
Tax rates for companies
Tax rates on other items
Tax rates on Unexplained money & Unexplained investments
Surcharges & Rate (>50L to 100L)
Surcharges (income > 100L)
Surcharge for companies
Rebate u/s 87A
Rate of Education Cess, Secondary & Higher Education Cess
Quiz on Rate of Taxes

Residence and Scope of Total Income

Introduction to Residential Status
Residential Status of Individuals
Exception to Residential Status Provisions
How to determine period of stay in India for Indian Citizen Crew Member?
How to determine period of stay in India for Indian Citizen Crew Member - Case S
Who is Resident and Ordinarily Resident and Resident but not Ordinarily Resident
Residential Status Case Study 1
Residential Status Case Study 2
Residential Status Case Study 3
Case study - Residential Status of Individual leaving India for Employment (for
Residential Status of HUF
HUF - Resident Ordinarily Resident and not Ordinarily Resident
Case Study on Residential Status of HUF
Residential Status of Firms and Association of Persons
Residential Status of Company
Residential Status of Local Authorities and Artificial Juridical Persons
Scope of Total Income and Residential Status
Taxability of Income received by Non Resident Seafarers
Case study on Scope of Total Income and Residential Status
Meaning of "income Received or Deemed to be Received"
Meaning of " income Accruing and Arising"
What is Business Connection?(Amended)
Income deemed to accrue or arise in india
Cases not treated as Business connection for Non Residents
Income from property, Asset or Source of Income in india
Income through transfer of a capital Asset situated in India
Declaration of Dividend by a Foreign Company
Income from salaries Deemed to Accrue or Arise in india
Case study - income from salaries Deemed to Accrue or Arise in india
Dividend paid by indian company outside india
Interest received by non resident - Deemed to accrue or arise in india
Income from Royalty (Deemed to accrue or arise in india)
Key points related to Royalty and its taxation
Income From Technical Services (Deemed to Accrue or Arise in India)
Taxation of Interest, Royalty & Fees for Technical Services received by Non Res
Case Study on Residential Status
Case study Resident but not ordinary Resident
Quiz on Residence and Scope of Total Income

Agricultural Income

What is Agricultural income?
Meaning of Agricultural Operations
Instance of Agri Income
Instance of Non Agri Income
Treatment of Partly Agricultural & Partly non Agricultural income (specified cas
Treatment of party Agri & Non Agri income (other cases)
Impact of Agriculture income Tax computation
case study 1 on Agro income
Case study 2 on Agro income
Case study 3 Agro income
Case study 4 Agro income

Income which do not form part of Total income

Agricultural income, members share in income of HUF, share of profit from firm &
Remuneration to person who is not citizen of india
Tax paid on income from leasing Aircraft
Fees for Technical Services connected with securing of india & Allowances / Perq
Compensation received on account of disaster
Sum received under Life insurance Policy
Payment from national Pension Trust
Payment from Approved super Annuation fund
Interest on Securities
Exemptions - Sec 10 (16 to 19)
Exemptions - Sec 10 (19A), (20), (21), (22B)
Income of Professional Institutions

Income under head salary

Basic Elements of salary
State whether following receipts are salary ?
Definition of salary
General notes related to salary
Basis of charge for salary
Salary Due Vs Accrued
Place of Accrual of salary
Computation of salary at glance
Taxability of Gratuity
Gratuity received during continuation of service by Government Employee
Gratuity on Terminate of service by non-goverment employee covered under payment
Gratuity - Seasonal / Piece - rated employee
Case 1 Taxability of Gratuity
Gratuity received @ Termination by non - Government Employee not covered under p
Case 2 Taxability of Gratuity
Clarification on claiming statutory amount under gratuity Exemption
Tax on Gratuity received after death of an employee
Leave Salary Encashment
Case study 1 leave salary encashment
Case study 2 leave salary encashment
What is Pension?
Tax treatment of Pension
Case Study - Tax treatment of Pension
Retrenchment Compensation and Tax Treatment
Compensation on VRS and its Tax Treatment
Annuity and its Tax Treatment
Salary received in lieu of Notice Period & Profit in Lieu of Salary
Allowances and its Tax Treatment
House Rent Allowance and its Tax Treatment
Case 1 House Rent Allowance and Tax treatment
Case 2 House Rent Allowance and Tax Treatment
Special Allowances and Tax treatment
Children Education Allowance & Hostel Allowance
Truck Drivers Allowance and Tax Treatment
Transport Allowance and Tax Treatment
Allowance to Government Employee outside India and other allowances
Allowance to Judges of High Court & Supreme Court and Salary to teacher / professor
Allowance / Perquisite to member of UPSC
Case 1 Children Education Allowance and Hostel Allowance
Case 2 Children Education Allowance and Hostel Allowance
Case 3 Computation of Gross Taxable Salary
Case 4 Computation of Gross Taxable Salary
Case 5 Computation of Gross Taxable Salary
Perquisites - Meaning and Chargeability
Exempted Perquisites
Valuation of Residential Accommodation - provided by CG / State Government
Valuation of Residential Accommodation - provided by Other Employer
Valuation of Residential Accommodation - provided by Government / Other Employer -
Key points related to Valuation of Accommodation
How to arrive at value of any concession w.r.to rent of any accommodation
Case 1 Compute Taxable Value of Perquisite
Case 2 Compute Taxable Value of Perquisite
Case 3 Compute Taxable Value of Perquisite
Case 4 Compute Taxable Value of Perquisite
Relief u/s 89 - Case Study

Income from House Property

Introduction to Income from House Property
Building or land appurtenant thereto
"Annual value of a property - assessed to tax only in the hands of the owner"
Composite Rent
Net Annual Value of Property
Property Let out Through out PY
Property Let out Vacant for part of PY
Self Occupied Property
Self Occupied and Let out for parts of year
Deemed Let out Property
Property Stock in Trade
Let out and Portion Self Occupied
Tax Treatment of Unrealised Rent
Property Tax
Case-1 Compute Gross Annual Value[GAV]
Case-2 Compute Net Annual Value of Property
Format-Computation of Income from house property
Case-3 compute income from house property let out through out Previous year
Format compute income from house property- let out Property vacant for part of t
Case-4 let out Property vacant for part of the year
Format-Computation of Income from house property-Self Occupied Property or Unoc
Case-5 Self Occupied Property
Deductions from Annual Value
Deductions for Self Occupied Property
Receipt of Arrears Rent Unrealized Rent
Income from CO-Owned Property
Deemed Ownership
Case-6 House Property Let-Out for Part of The Year And Self Occupied For Part of
Case-8 House Property A Portion Let Out and A Portion Self Occupied
Case-9 Arrears of Rent and Unrealized Rent Received Subsequently
Case-10 Income From Co-Owned Property

TDS

What is TDS?
TDS on salary
Case study TDS on salary
TDS on payment from Employees provident fund
TDS on interest on securities
TDS on Dividends
TDS on interest other than interest on securities
TDS on winning from lotteries cross word puzzles
TDS on winning form house Races
Tds on payment to contractors
TDS on insurance commission
TDS on items u/s 194DA, 194E, 194EE, 194F, 194G
TDS on commission other than insurance commission
TDS on Rent
TDS on transfer of immoveable property
TDS on payment of Rent by certain individual / HUF
TDS on fees for Technical & professional services
TDS on payment of compensation on acquisition of certain immoveable property

Profits & Gains of Business and Profession

What is Business and Profession?
Income Chargeable under Head Profits and Gains of Business / Profession
General aspects related to Profits and Gains of Business / Profession
Income not taxable under head Profits and Gains of Business / Profession
Expenditures allowed as deduction
Rent, Rates, Taxes, Repairs and Insurance for Building
Repairs, Insurance of Plant & Machinery & Furniture
Depreciation under Sec 32 of Income Tax Act
Method of Computing Depreciation
Extract of Depreciation Rate
Computation of Depreciation Case 1
Computation of Depreciation Case 2
Case Study on Depreciation
Expenditure on Scientific Research (Sec 35) - Introduction
Scientific research as Revenue Expenditure incurred by Assessee
Scientific research as Capital Expenditure incurred by Assessee
Application of Sec 41 on Sale of Capital Assets used for Scientific Research
Deduction on Amount paid to University, College or other institution for Scienti
Deduction on Amount paid to Company for Scientific Research
Deduction on amount paid to Research Association / University / College / Other
Deduction on amount paid to National Laboratory
Deduction for Scientific Research to Company engaged in Business of Bio Technolo
Table of Deductions for Scientific Research
Case Study on Deduction for Scientific Research

Capital Gains

What is Capital Asset
Stock in Trade -is it a Capital Asset?
Personal Effects-is it a Capital Asset ?
Rural Agricultural land -is it a Capital Assets ?
Short Term And Long Term Capital Assets
Exceptions
Part 1 - Determination of period of holding [Clause (i) of Explanation 1 to sect
Part 2 - Determination of period of holding [Clause (i) of Explanation 1 to sect
Part 3 - Determination of period of holding [Clause (i) of Explanation 1 to sect
Period of holding in respect of other capital assets
Transfer :What it Means ?
Capital Gain Year of Chargeability
Insurance Receipts and Capital gains
Capital Gains on conversion of Capital Asset as stock in trade
Transfer of beneficial interest in securities [Section 45(2A)]
Capital gains on introduction of capital contribution
Capital Gain on distribution capital asset on distribution of firm /AOP/BOI
Capital Gain on Compensation compulsory acquisition
Capital Gain on Capital Gains on case of specified Agreement SEC 45 (5a)
Capital Gain on Distribution of asset by companies in Liquidation (sec 46)
Capital Gains on Buyback of shares OR other securities
Transactions not regarded as transfer (Part 1)
Transactions not Regarded as Transfer (Part 2)
Transfer of Shares by Shareholder in Scheme of Amalgamation
Transfer of Capital Asset under Reverse Charge Mechanism
Case Study Reverse Charge Mechanism
Mode of Computation of Capital Gain
Cost of previous owner considered as cost of acquisition
Ascertainment of Cost of Acquisition in specified circumstances - Part 2
Ascertainment of Cost of Acquisition in specified circumstances - Part 3
Ascertainment of Cost of Acquisition in specified circumstances - Part 4
Ascertainment of Cost of Acquisition in specified circumstances - Part 5
Ascertainment of Cost of Acquisition in specified circumstances - Part 6
Ascertainment of Cost of Acquisition in specified circumstances - Part 7
Cost Inflation Index
Case Study on Conversion of Capital Asset into Stock in Trade and Capital Gains
Capital Gain on Self Generated Goodwill
Computation of Capital Gains in case of Depreciable Assets
Case Study Computation of Capital Gains in case of Depreciable Assets
Capital Gains on Slump Sale
Case Study on Capital Gains on Slump Sale
Case Study on Sec 50C - Full Value of Consideration in certain cases
Transfer of Unlisted Shares
Tax on Advance Money received on Capital Assets
Income tax on Compulsory Acquisition of Urban Agricultural Land - Case Study
Income tax on Compulsory Acquisition of Urban Agricultural Land - Case Study 2
Income tax on Compulsory Acquisition of Urban Agricultural Land - Case Study 3
Income tax on Compulsory Acquisition of Urban Agricultural Land - Case Study 4
Income tax on Compulsory Acquisition of Urban Agricultural Land - Case Study 5
Case Study Sec 54EC
Capital Gain Account Scheme (CGAS)
Case Study on Capital Gain Exemption Sec 54 & 54EC (Part 1)
Case Study on Capital Gain Exemption Sec 54 & 54EC (Part 2)
Case Study on Capital Gains with Exemptions
Exemption under sec 54EE for Capital Gains
Exemption under Sec 54F for Capital Gains
Sec 54F Non compliance impact
Case Study with exemption under section 54EC
Case study on Capital Gain - Exemption u/s 54 & 54EC

Income from Other Sources

Income From Other Sources - Introduction
Deemed Dividend Sec 2 (22) (a to e )
Deemed Dividend Sec 2 (22) (e)- Case study
Basic of Charge of Dividend
Case Study Sec 115 BBDA
Case Study Sec 115 BBDA
Chargeability of Dividend in the hands of Shareholder
Casual Income
Tax on Consideration in excess of FMV when shares issued at premium
Sec 56(2)(viib) - Case studies
Interest received on Compensation / Enhanced compensation
Tax on Advance forfeited on capital assets due to failure of negotiation
Taxation of money / property received without / inadequate consideration
Case Study - Sec 56(2)(x)
Transfer of property / goods for inadequate consideration - Case Study Part 1
Transfer of property / goods for inadequate consideration - Case Study Part 2
Compensation or any other payment received in connection with termination of his
Income chargeable under the head “Income from other sources”
Keyman Insurance Policy
Taxability of Residual Income
Bond Washing Transactions And Dividend Stripping [Section 94]
Applicable Rate Of Tax In Respect Of Casual Income [Section 115bb]
Deductions Allowable [Section 57]
Deduction U/S 57(Iv) - Case Study
Deductions Not Allowable [Section 58]
Deemed Income chargeable to Tax

Clubbing Of Income

Introduction to Clubbing of Income
Transfer of Income without transfer of asset (Sec 60)
Clubbing of Income on Revocable Transfer of Asset (Sec 61 & 62)
Clubbing of Income arising to Spouse - Remuneration from a concern with Substantial
Clubbing of Income arising to Spouse - Income from Asset transferred without ade
Clubbing of Income Case Study
Quiz on Clubbing Of Income
Cross Transfer - Case Study
Clubbing of Income - Case Study
Clubbing of Income - Comprehensive Case Study
Minor Children & Spouse - Case Study
Transfer of asset for the benefit of spouse
Income arising to son's wife from asset transferred without adequate consideration
Transferor of Asset for the benefit of Son's Wife

Deductions from Gross Total Income

Introductions to Deductions from Total Income
Deduction under Sec 80C - Part 1
Deduction under Sec 80C - Part 2
Sec 80C related Case Study 1
Sec 80C related Case Study 2
Sec 80CCC - Deduction in respect of contribution made to certain pension funds
Sec 80CCD - Deduction in respect of contribution to pension scheme of Central Go
Sec 80CCD related Case Study 3
Sec 80CCD related Case Study 4
Sec 80CCG - Deduction in respect of Investment made under Equity Savings Scheme
Sec 80CCG related Case Study 5
Sec 80D - Medical Insurance Premium
Sec 80DD - Deduction for Maintenance & Medical Treatment of Dependent Disabled
Sec 80G Deductions
Case Study Sec 80G
Deduction in respect of Rent Paid - Sec 80GG
Case Study Sec 80GG
Case Study - Computation of Earnings of Employees and preparation of statement of
Deductions u/s 80GGA - Donations for Scientific Research and Rural Development
Deductions u/s 80GGB - Deduction for contribution by Companies to Political Par
Case Study - Deductions u/s 80GGB - Deduction for contribution by Companies to
Deductions u/s 80GGC - Deduction for contribution by any person to Political Pa