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Income Tax Law & Accounts

Income Tax in Practice: Real-World Case Studies & Tax Planning

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  • Last Updated Jun 23, 2026

About This Course


The course bridges core theoretical frameworks with practical execution through five structured modules:

  • Foundations & Core Pillars: It begins by introducing basic tax concepts, legal definitions, residential status, and the authorities governing tax administration in India.
  • Heads of Income: It covers major categories of income generation, including Income from Salaries (allowances, perquisites, retirement benefits), Income from House Property (annual value calculations and deductions), and Profits and Gains of Business or Profession (allowable expenses and depreciation provisions).
  • Practical Application: The course culminates in an intensive, hands-on Open Ended Module designed for real-world application. This final component moves away from traditional lectures, requiring students to engage in seminars, analyze real business profit and loss accounts, execute tax planning case studies, and complete practical calculation projects.

Overall, the course is designed to transition students from understanding foundational tax law to independently analyzing and calculating tax liabilities for individuals and business organizations.


Income from House Property
Profit and Gains of Business or Profesion

Frequently Asked Questions

What are the main components of the Income Tax course?

The course covers the basic concepts of tax law, income from salaries, income from house property, profit/gains of business or profession (PGBP), and practical case studies.

Module Il (Income from Salaries) carries the highest weightage, accounting for 22 marks out of the 70-mark total.

It covers the history of income tax, basic definitions, tax authorities, exempted incomes (like agricultural income), and determining residential status.

You will learn to calculate tax implications for Gratuity, Commuted pension, Earned leave salary, and VRS compensation.

Its focus is the lncome from House Property, specifically computing Annual Value under different situations and applying deductions under Section 24.


It covers the definition of business/profession, identifying

allowed and disallowed expenses, general deductions, and depreciation provisions