SRM Institute of Science and Technology

Ramapuram
Title of the Event: UNDERSTANDING THE FIVE HEADS OF INCOME UNDER

INDIAN INCOME TAX LAW
Date: 11.07.2025
Time: 1.30 pm to 3.30 pm
Venue: Online
Total Attendees: 150
Name of the Resource Person/ Guest (ifany): Dr. S. Parameswaran Associate Dean

School of Commerce Finance and Accountancy CHRIST (Deemed to be University)

Pune Lavasa Campus
Profile of the Speaker

Dr. S. Parameswaran is a distinguished academician and tax consultant, currently serving as the Associate Dean at the School of Commerce, Finance and Accountancy, CHRIST (Deemed to be University), Pune Lavasa Campus.With extensive academic and professional experience in taxation, accounting, and business law, Dr. Parameswaran has become a respected authority in the domain of Indian Income Tax Law. His deep understanding of the Indian taxation framework, particularly the Five Heads of Income under the Income Tax Act, enables him to break down complex statutory provisions into practical and comprehensible insights. Over the years, he has been actively involved in curriculum development, research supervision, and the conduct of tax audits and advisory services for individuals and enterprises. Dr. Parameswaran has published scholarly articles and has participated in several seminars and faculty development programs at national and international levels. He is also recognized for his dynamic teaching style, blending theoretical knowledge with real-world examples, making his sessions highly interactive and informative. In this session, Dr. Parameswaran brings his rich expertise to offer a clear and structured understanding of the Five Heads of Income, providing participants with both foundational knowledge and practical interpretation relevant to students, professionals, and aspiring tax practitioners.
Event Mode: Online
Incharges: Organizing Secretary

Dr.T.V. Ambuli, Head Department of Commerce,

Convenor

Mr.A.Hariharan, Assistant Professor Mr.R.Mohana Ruban, Assistant Professor
Objective of the Event
To equip commerce students with a foundational and practical understanding of the five heads of income under the Indian Income Tax Act. The session aims to enhance their ability to classify, compute, and analyze different sources of income, thereby building essential tax literacy and preparing them for academic success and future professional roles in finance,

accounting, and taxation.

RESOURCE PERSON DETAILS

Dr. S. Parameswaran Associate Dean

School of Commerce Finance and Accountancy CHRIST (Deemed to be University)

Pune Lavasa Campus

SUMMARY OF THE EVENT

Mr.A.Hariharan, Assistant Professor, Department of Commerce delivered the welcome address. In her speech he warmly greeted the gathering and extended a heartfelt welcome to the guest. Dr. S. Parameswaran. He expressed her appreciation to Dr. S. Parameswaran for accepting the invitation to share his valuable insights.

SESSION REPORT

The session aimed to provide comprehensive insights into the structure and interpretation of the five heads of income as outlined under the Indian Income Tax Act, 1961. Dr. S. Parameswaran, with his extensive academic background and domain expertise in taxation and finance, conducted the session in an engaging and structured manner. His practical illustrations and clarity in explaining legal provisions helped demystify complex tax concepts for the audience.

Key Highlights of the Session:

  • Introduction to Indian Income Tax Framework – The speaker gave a broad overview of the Income Tax Act, its scope, and significance in the Indian economic landscape.
  • Income from Salary – Covered components such as basic salary, allowances, perquisites, and retirement benefits; explained exemptions and deductions applicable under this head.
  • Income from House Property – Detailed the calculation of taxable income from owned/rented properties, deemed ownership, and relevant deductions (e.g., Section 24).
  • Profits and Gains from Business or Profession – Discussed business income, professional income, permissible expenses, and maintenance of books of account.
  • Capital Gains – Explained short-term and long-term capital gains, indexation benefit, exemptions under Sections 54, 54EC, and 54F.
  • Income from Other Sources – Included interest income, gifts, dividends, and lottery winnings; the session also emphasized recent changes and taxability nuances.

Q&A and Case-Based Discussions – The session concluded with a lively interaction where participants posed questions related to their personal or research-related tax queries. A few real-life scenarios were discussed to help contextualize the application of tax rules. The session was highly informative and interactive, providing a solid foundation for understanding the Indian income tax structure. It not only enhanced theoretical knowledge but also emphasized its practical relevance in

both academic and personal finance contexts.

The seminar successfully met its objective of equipping attendees with foundational knowledge of income tax heads, encouraging them to explore taxation as an essential area of study and research in commerce and economics.

VOTE OF THANKS

Mr.R.Mohana Ruban, Assistant Professor, Department of Commerce proposed the vote of thanks, expressing her sincere gratitude to Dr. S. Parameswaran for delivering, engaging and insightful seminar on Understanding the Five Heads of Income Under Indian Income Tax Law . He acknowledged the valuable knowledge shared and the impact it will have on future initiatives in the tech space.