Objectives & Agenda :
To know the need and relevanve of income tax, its applicability and its commencement date. To understand the meaning of the term “income” and “tax” and additionally the relevant terms in relation to income and taxes. The webinar shall predominantly focus on the basic and fundamental provisions of Income Tax Act, 1961, which is required to further appreciate the subsequent charging and computational provisions.

Objectives & Agenda :
Income Tax Act, 1961 was introduced as an Act of Parliament. However, to understand the subject, it needs to be read along with various limbs like the Constitution, the legal backing for the levy as well as the administrative mechanism in existence to ensure the levy operates for its intended purpose. The discussion shall be oriented towards giving an overview of the subject together with the background with which the subject needs to be read and understood and additionally, a high level overview on tools for interpreting the statute.