logo
Courses Investments Taxation Books Digital Products Login

TAXATION

When it comes to learning Income Tax, GST, or TDS, it can be quite boring, isn’t it?

Let's see How to Study Effectively: The 80/20 Way to Learning Practical Taxation:

The moment we decide to learn, we often pick up a massive textbook or enroll in a structured course. And what does it start with? Long chapters on history, definitions, legal jargon, and sections. Let’s be honest—that’s enough to bore anyone before reaching the useful, practical part. 

But there’s a better way. start with practical cases, not theory Instead of drowning in theory first, begin with something hands-on and immediately relevant. For example:

  • Filing an Income Tax Return (ITR) for a simple TDS refund

  • Handling a GST payment or input credit scenario

  • Calculating TDS on salary or professional fees

Learn just one case at a time and master it. Don’t worry about memorizing sections, definitions, or history yet.

Once you’re comfortable, move on to another practical case:

  • Capital gains under Income Tax
  • TDS for contractors or rent payments
  • Salary income under Income Tax
  • Presumptive business income (44AD/44AE)
  • Presumptive business income (44AD/44AE)

This is the 80/20 approach in action: focus on real issues that solve problems. Over time, the theory will make sense naturally. Follow the 80/20 Rule. 

We often make the mistake of reading too much and practicing too little, or vice versa. Instead:

  1. Pick one real case — e.g., TDS refund, GST input credit, or salary TDS.
  2. Master it, then move to the next case: capital gains, GST on services, or presumptive business income.

With each step, you’ll gain confidence and grow into an expert.

Master One Case, Handle Many

Take one case—say, Computation of capital gain on sale of shares —and practice it multiple times until you truly understand it. Next time, you’ll confidently handle any number of clients or transactions with similar cases. This approach makes learning GST, Income Tax, and TDS practical, engaging, and effective. Focus on what matters, solve real problems, and the theory will follow naturally.

Over the years, I have developed practical, application-oriented classes on Income Tax, GST, and TDS. Theory alone doesn’t help much unless you have a proper system to implement it. That’s why I’ve always been keenly interested in technology and automation for office work. To help professionals streamline their practice, I have also created a Masterclass on Office Automation Tools—designed especially for CAs and tax practitioners.

    Read More