The old Act, the new Act,
side by side.

Who is a resident, ordinarily resident, non-resident, and what income is taxable in India.

Classification of income into salaries, house property, business, capital gains and other sources.

Taxation of salary, perquisites, allowances, standard deduction and retirement benefits.

Annual value, self-occupied vs let-out, standard deduction, home-loan interest.

Business income, allowable deductions, depreciation, presumptive taxation.

Short-term vs long-term, indexation, exemptions under 54 series, LTCG on equities.

Interest, dividends, gifts, lottery, and residuary income.

Income of spouse, minor child, and transfer of assets clubbed with transferor.

Intra-head and inter-head set-off, carry-forward periods for different losses.

80C, 80D, 80G, 80TTA and other deductions from gross total income.

Slab rates, rebate under 87A, surcharge, and the default new tax regime.

Withholding at source: rates, thresholds, and compliance obligations.

Payment schedule, interest under 234A/B/C.

ITR filing, updated returns, self-assessment, regular and best-judgment assessment.

Powers of search, survey, and reopening of assessments.

Under-reporting, misreporting, penalties and criminal prosecution.

CIT(A), ITAT, High Court, Supreme Court; DRP and faceless appeals.

Non-resident taxation, DTAA, transfer pricing and equalisation levy.

Registration, 11/12A/12AB, exemption and taxation of anonymous donations.

Taxation of corporates, partnership firms and LLPs; MAT/AMT.