937 (Income tax) How Amlan memorised income tax sections being a engineer

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• published: 10 Sep 2014
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937 (Income tax) How Amlan memorized income tax sections (being a engineer) Video Link - https://www.youtube.com/watch?v=8-Jqws_kN6w Narration - By Amlan Dutta i knew that section 24 (b) is of House deduction , later i saw ho all house property sections revolve in the 20's ....i knew bank deducts TDS on interest u/s 194 A, employer on salary as u/s 192 (92 A) etc , professional receipts u/s 194 j , so i could see how this sections are all in the 190 series ...i saw how the scope of transfer was listed in 2(7) ...later i saw how all definitions and etc was listed in section 2 .....i knew that section 80 C was special ...but i had heard of 80 D for medical insurance etc as well , so i was not surprised when i saw all this investments benefits listed together under section 80 in chapter VI A of the act ...i knew that loss adjustment happens u/s 70 and thereon wards ...so i was happy seeing setoff and loss carryfoward in 70 series ....i knew that deprecritaioin was under section 32 , so when i found that business expenses was under section 30 to 43 A , i was very happy and later when i saw presumptive business under sections 44AD/44AD etc , i was only too glad ....not only this i could then understand why books are required under audit u/s 44 AA and 4AAB ....i could see MATC and AMTC listed in 115 series which still troubles me .....when i received a notice under section 143(2) and 142(1) i relaised that assessment is perhaps carried in this sections which was only later confirmed when i got my regular assessment order under section 143(3) after scrutiny assessment got over ....a lot of time had flowed after initial assessment under section 143(1) for my return of income filed i could see how sections 142 , 143 etc relate to assessment When i got a demand notice under section 156 , i relaised that this section is for perhaps issuing demand ....when i got penalty notice under section 271 i relaised the sections concerned I then thought what i did at the start ...i had filed return of income using section 139(1) ...but had i filed return of income after due date , i would have used 139(4) , had i revised i would have used 139(5), had i filed in respons to defective notice , i would have used 139(9) .....i solved client cases for all of this .... This is how i learnt my sections even without opening books ,,.i was not a CA , i was a civil engineer and for me logic was more important that books , practise was more important than passing exams and today we are FRO - the biggest group ---we are not perfect , but i dont answer until i am sure and uyntil i am sure , i dont give up ! My few sections may be here and there but when i see people having problem understanding sections , i thought maybe my own experience will help someone If it does , i am grateful , God bless , Amlan Dutta - Founder of Make Knowlege free - Civil Engineer and proud to be one !If you have any tax queries , call me on 0 9 1 6 7 0 0 2 3 2 7 ---i don't take more than 2 seconds to solve and i dont possess with me any ego because i failed most of my exams which keeps me grounded !And we have till date solved ateleast million indian queries without even 1 paisa because i beleive that knowledge is not meant for seeling , it is priceless and meant for sharing ---(people stealing my work is a different thing )