Finance & AccountingTaxesTax Preparation

Indian Income Tax (Direct Tax) - A comprehensive Crash Study

A comprehensive yet concise course on Direct tax, covering topics applicable for professional courses like CA,CMA,CS etc

Rating: 4.7 out of 54.7 (98 ratings)

750 students

Created by Nishanth Reghunath

Last updated 07/2021

English

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What you'll learn

• Understanding Indian Income Tax in the most simple manner

• Become an expert in computing Total Income and Tax Liability of various assessees

• Learn how to easily memorise sections of income tax, and put them to use in case studies

• Efficiently prepare yourself for Professional exams like CA, CMA, CS, MBA , MCom, BCom etc.

This course includes:

24.5 hours of video

5 articles + resources

Certificate of completion

Requirements

• A book,

• A calculator or Personal computer/ Laptop

Description

Do you find it hard to study "Direct Tax"??
Many a times, I have heard students complain that, the reason they are not able to successfully complete their professional courses is because they fail for their Direct tax examination.

This constant agony faced by students, is the reason I made this ultimate bootcamp for learning Direct tax. Wherein you will be learning Direct tax in the shortest time possible, with excellent clarity in all the concepts.

Myself CMA Nishanth Reghunath, and Welcome to my study "Indian Income Tax (Direct Tax) - A comprehensive crash"

This course is going to be a very comprehensive yet concise, concept oriented Study for direct tax. The mode of teaching might be completely new to many, but I believe, that it will be very much easy in effectively and efficiently understanding the concepts. 

I have been a Faculty for Direct tax for quite a long time, and have created this course as a result of continuous demand from my students. This Course is mainly for students pursuing professional courses in India like CA / CMA / CS and graduation like BCom / MCom / BBA, etc. This course is not meant for students pursuing professional courses from countries other than India.

This course will take you through following topics:

a) Basic Concepts of Direct Taxation and a briefing on various concepts and jargons

b) Basis of taxation - Rule of Residential Status and Rule of receipt or accrual of income (Scope of Income)

c) Incomes exempted from taxation or Incomes which do not form part of Total Income

d) 5 Heads of Income

e) Clubbing of Income - Incomes of other person included in Assessee's Total Income

f) Aggregation of Income, Set-Off and Carry forward of Losses

g) Deductions

h) Computation of Total Income and Tax Payable

i) Advance Tax, TDS and Tax Collection at Source

j) Provisions for filing return of Income and Self Assessment.

This course is structured in self paced learning style. Use your headset for effective listening. Have your note pad or excel on your side to take note of what is taught so nothing goes unrecorded.

If you require any additional assistance, please contact me using the chat window, I will more than happy to help you.

Let me remind you that I strive to provide you with the best quality content, and in the pursuit of creating it, all kinds of inputs and suggestions from your end is very much welcome and accepted. My goal is to create a 5* course for every student of mine, and if at all you find any sort of difficulty in learning anything, do let me know, I can upload additional lessons upon request.

 

Hoping to see you inside

Regards and Happy Learning
CMA Nishanth Reghunath
 

Who this course is for:

• CA Students
• CMA Students
• CS Students
• IPCC Students
• CMA Intermediate students
• CMA Final students
• Commerce Students
• Students curious about Direct Tax
• BCom Students
• MCom Students
• Students planning a career in accounting and finance

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Course content

15 sections • 94 lectures • 24h 28m total length

Expand all sections

Introduction2 lectures • 48min

• Introduction to tax

  Preview22:36

• Introduction to income tax - Basic concepts and definitions

  25:13

Residential status and Incidence of Tax3 lectures • 1hr 9min

•  
•  
•  

Agricultural Income2 lectures • 50min

• Agricultural Income Part 1

  24:36

• Agricultural Income Part 2

  24:59

Introduction to Heads of Income1 lecture • 7min

• What are heads of Income?

  Preview07:17

Income from Salary19 lectures • 4hr 15min

• Introduction to Income from Salary

  15:01

• Introduction to Income from Salary (Part 2 - computation format)

  06:20

• Lesson 2 - Retirement Benefits (Introduction)

  09:10

• Lesson 2 - Retirement Benefit 1 - Gratuity u/s 10(10)

  14:12

• Lesson 2 - Retirement Benefit 2 - Pension u/s 10(10A)

  06:27

• Lesson 2 - Retirement Benefit 3 - Leave Encashment

  13:47

• Retirement Benefit 4 - Retrenchment Compensation

  10:19

• Retirement Benefit 5 - Voluntary Retirement Scheme.

  14:41

• Lesson 3 - Allowances (Part 1)

  14:57

• Lesson 3 - Allowances (Part 2)

  08:27

• Lesson 4 - Perquisites (Introduction)

  09:28

• Lesson 4 - Perquisites (Part 1 - RFA)

  15:01

• Lesson 4 - Perquisites (Use of Motor Car)

  27:37

• Lesson 4 - Perquisites (Part 3 - Use of movable assets other than motor car)

  05:00

• Lesson 4 - Perquisites (Part 4 - Transfer of movable assets)

  08:22

• Lesson 4 - Perquisites (Part 5 - Education facility)

  12:32

• Lesson 4 - Perquisites (Part 6 - Medical Facility)

  13:54

• Lesson 4 - Perquisites (Part 7 - Leave Travel Concession)

  30:49

• Lesson 4 - Perquisites (Part 8 - Employee stock option Plan)

  19:04

Income from House Property6 lectures • 1hr 16min

• Lesson 1 - Introduction and chargeability

  14:59

• Lesson 3 - Introduction to Computation of income. and [section 23(1)]

  15:00

• Lesson 3 - continuation - secton(23(2),(3),(4)0

  15:01

• Lesson 4 - Deductions u/s 24

  14:30

• Lesson 4 - continuation. Deduction u/s 24b (preconstruction period interest)

  08:43

• Lesson 5 - Treatment of Receipt of Unrealized Rent

  08:00

Profits and Gains from Business and Profession25 lectures • 5hr 55min

• What is Business or Profession

  01:02

• Lesson 1 - Introduction

  07:33

• Lesson 2 - Section 28 chargeability

  31:21

• Lesson 3 - Deductions u/s 30-37 (part 1) (Intro and Sec. 30 & 31)

  13:55

• Lesson 3 - Deductions u/s 30-37 (part 2)

  13:14

• Lesson 3 - Deductions u/s 30-37 (Part 2 Continued) A

  14:00

• Lesson 3 - Deductions u/s 30-37 (Part 2 Continued)

  15:00

• Lesson 3 - Deductions u/s 30-37 (Part 2 ) -- Summary

  11:20

• Lesson 3 - Deductions u/s 30-37 (Part 4)

  14:47

• Lesson 3 - Deductions u/s 30-37 (part 4) as amended under FA 2020

  12:39

• Lesson 3 - Deductions u/s 30-37 (Part 5)

  15:01

• Lesson 3 - Deductions u/s 30-37 (Part 6)

  08:10

• Lesson 3 - Deductions u/s 30-37 (Part 6 Cont.)

  15:00

• Lesson 3 - Deductions u/s 30-37 (Part 8)

  15:01

• Lesson 3 - Deductions u/s 30-37 (Part 8.1) _ Bad debts

  15:56

• Lesson 3 - Deductions u/s 30-37 (Part 9)

  14:45

• Lesson 3 - Deductions u/s 30-37 (Part 10)

  31:35

• Lesson 4 - Disallowances u/s 40-43B (Part 1) (with intrudction)

  14:50

• Lesson 4 - Disallowances u/s 40-43B (Part 2)

  15:01

• Lesson 4 - Disallowances u/s 40-43B (Part 3)

  09:35

• Lesson 4 - Disallowances u/s 40-43B (Part 4)

  14:48

• Lesson 4 - Disallowances u/s 40-43B (Part 5)

  09:47

• Lesson 4 - Disallowances u/s 40-43B (Part 6)

  11:14

• Lesson 5 - Special provisions - 44AA Maintenance of books - 44AB - Audit of book

  14:58

• Lesson 5 - Special provision - 44AD - AE Presumptive Taxation

  14:26

Capital Gains13 lectures • 2hr 50min

• Basics of Capital Gains

  00:23

• Introduction to Capital Gain

  11:21

• Introduction (Continued)

  09:54

• Certain important concepts and definitions (Part 1)

  14:25

• Capital Gain Computation format (includes concept explanation of indexation)

  15:00

• Special cases 1 - Transactions not considered as transfer (part 1)

  14:14

• Special cases 1 - Transactions not considered as transfer (part 2)

  14:54

• Special Cases 2 - Transfers with unique FVC computation (part 1)

  14:52

• Special Cases 2 - Transfers with unique FVC computation (part 2)

  15:00

• Special Cases 3 - Transfers with unique COA (part 1)

  15:00

• Special Cases 3 - Transfers with unique COA (part 2)

  13:59

• Exemptions under section 54 - 54 GB (Intro and structure)

  15:37

• Capital Gain Account Scheme, 1988

  15:50

Income From other sources5 lectures • 1hr 54min

• What is meant by other sources>

  00:37

• Lesson 1 - Introduction

  Preview11:44

• Lesson 2

  31:17

• Lesson 2 Continued

  27:34

• Lesson 3

  Preview43:02

Clubbing and Set off5 lectures • 1hr 33min

• Meaning of Clubbing of income

  00:30

• Clubbing of Income - Introduction

  10:01

• Clubbing of income - Break up of chapter

  17:50

• Clubbing of Income - Sec. 60,61,62, and 63

  17:53

• Clubbing of Income - Sec. 64

  46:40

Set off of losses3 lectures • 45min

• Meaning of set off of losses

  00:20

• Set off of losses (Part 1)

  25:23

• Carry forward of losses (Part A)

  19:18

Chapter VI A Deductions u/s 80C - 80U7 lectures • 2hr 21min

• Lesson 1 - Introduction

  12:28

• Lesson 2 - Deduction u/s 80 C- 80 CCE

  Preview23:47

• Lesson 3 - Deductions u/s 80D - 80 EE

  24:37

• Lesson 4 - Deductions u/s 80 G - 80 GGC

  23:24

• Lesson 6 - Deductions u/s 80 JJA - 80 PA

  33:35

• Lesson 7 - Deduction u/s 80 QQB - 80 U

  14:48

• Lesson 3(a) - 80 EEA - 80 EEB (Newly Inserted)

  07:58

Computation of Tax Liability1 lecture • 9min

• Introduction

  08:35

Relief u/s 891 lecture • 33min

• Relief u/s 89

  32:47

Income Tax Return (Return of Income)1 lecture • 5min

• Introduction

  04:34

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Instructor

Nishanth Reghunath

Management accountant, business analyst and tutor

• 4.4 Instructor Rating

• 390 Reviews

• 2,173 Students

• 3 Courses

I am a management accountant and business analyst from India, with over 5 years of experience in teaching.
I have students in the field of management accounting, pursuing courses like Cima, CMA (US), ACCA, CPA, CA (India), CMA(India), CS (India), MBA and various other finance/commerce related courses.

I am a faculty at ICAI bhavan Cochin, ICAI Centre For Excellence South India.
Additionally, I also take classes on business analytics for professionals from non engineering background.

I have worked and still am practicing as a management accountant and auditing consultant for over 3 years.