Direct Tax Laws & International Taxation
Advanced income tax — search and seizure, assessments, appeals. Transfer pricing, DTAA, BEPS, and FEMA.
Your Success Path
Basis of Charge, Residential Status and Heads of Income
S.4–9, 14–15Basic conditions for residency · ROR/RNOR/NR scope of income · Section 9 deemed income · Five heads of income
Income from Salaries and House Property
S.15–27HRA exemption formula · Perquisites valuation · Annual value computation · Section 24 deductions
Profits and Gains of Business or Profession
S.28–44DBSection 37(1) general deduction · Key disallowances (40A(3), 43B) · Block of assets depreciation · Presumptive taxation 44AD/44ADA
Capital Gains
S.45–55AShort-term vs long-term · Section 112A (equity LTCG) · Indexation and Section 50C · Exemptions 54/54EC/54F
Other Sources, Clubbing and Set-off of Losses
S.56–80Section 56(2)(x) deemed gifts · Clubbing of minor child income · Inter-head set-off restrictions · Carry forward rules
Deductions Under Chapter VI-A and Total Income
S.80C–80USection 80C ₹1.5L limit · 80D health insurance · New vs old tax regime comparison · Rebate u/s 87A
Assessment Procedure, TDS and Advance Tax
S.139–234, S.192–206Return filing due dates · Types of assessment · TDS rates for key sections · Interest under 234A/B/C
Transfer Pricing and International Taxation
S.92–92F, DTAA, BEPSAssociated enterprises and ALP · TP methods — CUP, TNMM, PSM · Permanent establishment types · BEPS MLI and Principal Purpose Test
Tax Planning, Tax Avoidance and GAAR
S.95–102, S.9 Explanation 5GAAR — IAA conditions and ₹3Cr threshold · Indirect transfer provisions · POEM for company residence · Thin capitalisation Section 94B
Search and Seizure, Black Money Act and FEMA
S.132–135, Black Money Act 2015, FEMA 1999Section 132 search powers · Block assessment 153A · Black Money Act 30% tax + 90% penalty · LRS USD 250,000 limit