CA Intermediate Taxation by CA.

Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

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GTI Deductions =

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Paok
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(ftp.redeointufbiey
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net income

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Application of
income vs . Diversion
of income
title
by overriding
voluntarily spent by To be paid to other
the assess ee person as per legal I
Applied income : TAXABLE contractual obligation
Diverted income is not
taxable
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

Income Tan Act 1961

If ,

finance Acts Tarnation Laws ( Amendment )

*
Yearly ,
nets
I Ca )

,
Rules 1962
Income Tau
*
Cabot)
Notifications
*

Circulars CCBDT)

* orders

* Judicial decisions I case Lanes

 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

1.4.22 1.4.23 31.3.24

PY AY
2022-23 = 2023-24

Income is 7am is assessed

earned

FINANCE Act

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PartIfA3RdUfdAY3-H
Pa✓tTTDRdofdH
Part # Roles
of
PY
Adrian

for
Roles
of Adi Tan
2022-23
for
PY 2023-26
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

Income
of PY is assessed in the AY . (
Generally )
Enceptiors
:

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Damping
the
.hn?ningintentm
India
D person leaving home
of
PY is
e) NR
ship owner l Deemed
FTfreight ) assessable

omjdbbedaa.FI?esde.during
discontinued
Py
Iffy
D Business I
Prof being
.

alienating Ctransferring) assets

5) Person
with intention to avoid tan
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

PY A Y
earned taxed

Exceptions
py py
earned taxed
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

tan I
Any person by
•
whom

other
any
sum is
payable
•

Proceeding ( hes been takes )

•
Deemed to be assess ee

•
nosessee in
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