CA Inter Taxation | TYK 7: Computation of Total Income & Provisions | Sep 2026 & Jan 20267

Don't let cross-transfers and minor's income confuse you! In this video, we crack TYK 7 from the ICAI Study Material. This question is a classic exam favorite because it tests whether you can accurately apply the Clubbing of Income rules before shifting focus to the Five Heads of Income and final tax computation.
Fully updated for the Assessment Year 2025-26, this session covers all relevant amendments for your upcoming September 2025 and January 2026 CA Inter exams.
🧠 Core Concepts Broken Down in TYK 7:
Income of Minor Child (Sec 64(1A)): When to club, when to exempt, and how the ₹1,500 exemption per child applies under the Old vs. New Tax Regime.
Transfer of Assets to Spouse (Sec 64(1)(iv)): Handling adequate vs. inadequate consideration and tracing the shifted income.
Remuneration to Spouse (Sec 64(1)(ii)): What happens when a spouse receives a salary from a concern where the assessee has a substantial interest without technical/professional qualifications.
The Final Slabs: Tax computation under the Default Tax Regime (Section 115BAC), taking into account any applicable rebates or surcharges.

Видео CA Inter Taxation | TYK 7: Computation of Total Income & Provisions | Sep 2026 & Jan 20267 канала CA Mohit Mehra