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Law of Taxation

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Understanding the Basics of Indian Taxation: A Foundation in Direct, Indirect, and International Tax Laws

Law of Taxation Card Image
51m
Free
EBC Learning

Skills you'll learn

About this 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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

This course is ideal for anyone new to taxation who wants to build a solid foundation before diving deeper into more advanced topics.

  • 1. 📕 Constitution and Tax
    • 1.1 ▸ Tax and sovereignty
    • 1.2 ▸ Direct versus indirect tax
    • 1.3 ▸ Article 265: ‘levy’ and ‘collect’
    • 1.4 ▸ Federalism and tax
    • 1.5 ▸ Interpretation of taxing statute
    • 1.6 ▸ Surcharge and cess
    • 1.7 ▸ Fees and taxes
    • ☆ Feedback
  • 2. 📕 Direct Tax
    • 2.1 ▸ The Income Tax Act, 1961
    • 2.2 ▸ Assessment year (AY), financial year (FY), previous year (PY)
    • 2.3 ▸ Real income theory
    • 2.4 ▸ Residential status
    • 2.5 ▸ Transfer
    • 2.6 ▸ Offshore transfer tax
  • 3. 📕 Indirect Tax
    • 3.1 ▸ Old regime versus gst
    • 3.2 ▸ Supply
    • 3.3 ▸ Goods and services
    • 3.4 ▸ CGST, SGST, and IGST
  • 4. 📕 International Taxation
    • 4.1 ▸ Double taxation avoidance agreement (DTAA)
    • 4.2 ▸ Tax planning, tax avoidance, and tax evasion
    • 4.3 ▸ Specific anti-avoidance rules (SAAR) and general anti-avoidance rules (GAAR)
  • 𝍭 Index (full text of leading cases)
    • 𝍭 Index (full text of leading cases)
    • ☆ Feedback

Who Should Take This Course:

This introductory course on taxation is ideal for individuals who are new to the subject and want to build a strong foundational understanding of tax concepts. It is particularly suited for:

  • Law Students: Those pursuing legal education and looking to develop a basic understanding of tax law as part of their curriculum.
  • Business Students and Entrepreneurs: Individuals keen on understanding the tax implications for businesses, especially the differences between direct and indirect taxes, and the basics of international tax.
  • Aspiring Tax Consultants: Those who want to start their journey into the field of taxation by understanding the core principles before moving on to more advanced tax topics.
  • Legal and Financial Professionals: Professionals who wish to expand their knowledge of taxation for better handling of tax-related matters in their work.
  • General Learners: Anyone with an interest in learning how the tax system functions in India, from constitutional provisions to basic direct and indirect tax concepts.

This course serves as an accessible entry point for anyone wanting to familiarize themselves with India's tax system and is designed to be easy to follow for learners with little or no prior knowledge of taxation.

Instructors

Tarun Jain image

Tarun Jain

Tarun Jain is an Advocate practising at the Supreme Court of India. He has 12+ years of expertise in indirect tax and direct tax and has been engaged by leading law firms of India where he has led their tax litigation teams. He is an alumnus of LSE and NLU, Jodhpur and teaches Taxation Law as Guest Faculty in various National Law Schools. He has also authored the pioneering treatise “Goods and Services Tax: Constitutional Law and Policy” (EBC).

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