Lec 1: Basic Concepts (Part 1) | CA Inter Income Tax | May & Sept 2027 | CA Nishant Kumar

Welcome to Lecture 1 of the CA Inter Income Tax Regular Batch for May 2027! 🎯 If you’re preparing for CA Intermediate May 2027, September 2027, or January 2028, this lecture is the perfect place to begin your Income Tax preparation. This complete Regular Batch is taught under the New Income Tax Act, 2025 (as amended by the Finance Act, 2026) and is designed to build strong conceptual clarity from Day 1. In Lecture 1, CA Nishant Kumar covers Basic Concepts of Income Tax, laying the foundation you’ll need for the entire CA Inter Taxation syllabus. ━━━━━━━━━━━━━━━━━━━━ 📌Topics Covered: ✔️ What is Tax? – Overview of Taxation in India ✔️ Evolution of Taxation in India ✔️ Income-tax Act, 1961 vs. Income-tax Act, 2025 ✔️ Constitutional Provisions - Articles 265 & 246 ✔️ Union List, State List & Concurrent List ✔️ Direct Tax vs. Indirect Tax ✔️ Sources of Income-tax Law ✔️ Finance Act - Process & Applicability ✔️ Relevant Finance Act for May 2027, September 2027 & January 2028 ✔️ Assessee [Section 2(11)] ✔️ Person [Section 2(77)] ✔️ Heads of Income [Section 13] ✔️ Charge of Income-tax [Section 4] ✔️ Tax Year [Section 3] ✔️ Assessing Officer ━━━━━━━━━━━━━━━━━━━━ ⏭️ Coming Up in the Next Lecture We continue Chapter 1 - Basic Concepts with: • Schemes of Taxation • Old Tax Regime vs. New Tax Regime • Tax Rates for Tax Year 2026-27 ━━━━━━━━━━━━━━━━━━━━ Playlists CA Inter Taxation (Income Tax + GST) CA Final Direct Tax ━━━━━━━━━━━━━━━━━━━━ 🎓 Join the CA Inter Regular Batch 🌐 Website: 📘 Course Details: ━━━━━━━━━━━━━━━━━━━━ 📲 Connect with Me Instagram: @canishantkumar FinTax by Nishant: @fintaxbynishant LinkedIn: CA Foundation Maths: @canishantkumarmaths ━━━━━━━━━━━━━━━━━━━━ If this lecture helped you, Like, Share, and Subscribe to CA Nishant Kumar Taxation for complete CA Inter Income Tax and GST lectures, revision sessions, amendments, and exam-oriented preparation. 🔔 Turn on notifications so you never miss a lecture or important update. #CAInter #CAIntermediate #IncomeTax #CAInterIncomeTax #IncomeTaxAct2025 #CAInterMay2027 #CAStudents #Taxation #CANishantKumar #DirectTax #May2027 #September2027