Law of Taxation

About the course

This introductory course on taxation provides a foundational understanding of key tax concepts and principles. It is designed for beginners who wish to get acquainted with the structure of the tax system in India, covering both direct and indirect taxes, as well as the basics of international taxation.

Course Highlights

• Constitution and Tax: Discover the relationship between the Constitution and taxation in India. This section introduces the difference between direct and indirect taxes, the significance of Article 265, federalism's impact on tax, and the basic interpretation of taxing statutes. You'll also learn about surcharges, cess, and how they differ from fees.

• Direct Tax: Get an overview of direct taxation under the Income Tax Act, 1961. Key topics include the basic understanding of assessment year (AY), financial year (FY), and previous year (PY), as well as an introduction to residential status and offshore transfer tax.

• Indirect Tax: Understand the transition from the old indirect tax regime to GST (Goods and Services Tax). This section covers basic concepts like supply, goods, services, and an introduction to the three main components of GST: CGST, SGST, and IGST.

• International Taxation: An introductory look at international tax concepts, including the Double Taxation Avoidance Agreement (DTAA), and a basic understanding of tax planning, tax avoidance, and tax evasion. You'll also get an introduction to anti-avoidance rules like SAAR and GAAR.