Section 2(7) — Definition of Assessee
Section 2 Income Tax Act 1961: Key definitions like agricultural income, assessment year & amalgamation explained simply for CA Inter May 20
Paper 3 — Taxation · Chapter
Income Tax — Basic Concepts
Foundational chapter of Income Tax Act 1961 — definitions, charge, scope of total income, residential status, agricultural income and exempt incomes. Sets the base for the entire Income Tax syllabus and is tested for 6–8 marks.
10 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Section 2(31) — Definition of Person
Section 2 Income Tax Act 1961: Key definitions — agricultural income, assessee, AY, amalgamation & block of assets explained simply for CA I
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3
Section 2(24) — Definition of Income
Section 2 Income Tax Act 1961: key definitions like agricultural income, assessment year, amalgamation & block of assets explained for CA In
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4
Section 4 — Charge of Income Tax
Section 4 Income Tax Act 1961 explained for CA Inter: the charging section that authorises income tax on total income of the previous year,
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5
Section 5 — Scope of Total Income
Section 5 Income Tax Act: Learn how India taxes ROR, NOR & NR persons on global vs Indian income — explained simply for CA Inter May 2026 ex
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6
Section 6 — Residence in India (Residential Status)
Section 6 Income Tax Act 1961 explained: how to classify ROR, RNOR, or Non-Resident status with day-count tests — essential for CA Inter May
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7
Section 9 — Income Deemed to Accrue or Arise in India
Section 9 Income Tax Act: When is a non-resident's income taxable in India? Salary, royalty, FTS, dividends, indirect transfers explained fo
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8
Section 10(1) — Agricultural Income
Section 10 Income Tax Act: full list of exempt incomes — gratuity, LTA, leave encashment, VRS, agricultural income explained for CA Inter Ma
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9
Section 10(2A) — Share of Profit from Partnership Firm
Section 10 Income Tax Act 1961: All exempt incomes explained — gratuity limits, LTC, leave encashment, VRS & partner's share. Key for CA Int
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10
Section 10(10D) — Life Insurance Receipts
Section 10 exemptions explained: gratuity, leave encashment, LTA, agricultural income — what's tax-free and why. CA Inter May 2026 exam guid
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