Description:

The Income Tax course covers the fundamentals of income tax laws and regulations, including individual and corporate taxation, deductions, exemptions, and tax planning strategies. Students will gain a comprehensive understanding of how income tax impacts individuals and businesses, and learn how to navigate the complexities of filing taxes accurately and efficiently.

Key Highlights:

• Tax laws and regulations
• Individual and corporate taxation
• Deductions and exemptions
• Tax planning strategies

What you will learn:

•Unit One: Introduction

• Introduction to income tax, Basic Concepts:- : income, agriculture income, casual income

•previous year, assessment year, gross total income, total income,

• Income Tax Slabs

•Income tax Calculation

• Financial Year and Assessment Year

Unit Two:
Computation and taxable income from Salary Head.

•* Income from Salary Types of allowances (Taxable & Tax free),

•* perquisites, and Tax treatment of P.F, E.P.F.,

•* Superannuation Fund,

•* Allowances & Perquisites,

•* Computation of Income from Salary and Calculation of Tax Liability.

•* (Problems) - Deduction under section 80C, 80CCC, 80CCD, 80D, 80DDB, 80E, 80G, 80GG,

•80U

Unit Three: Income from House Property.

•* Income House Property -Meaning & Definition,

•* Gross Annual Value Net Annual Value ,

•* Arrears of Rent ,Unrealized Rent,

•* Interest on Loan Preconstruction & Post Construction, Composite Rent etc.

•* Computation of Income from house property.

• Understanding Tax Laws
  Learn the key principles and concepts of income tax laws.
• Taxation for Individuals and Corporations
  Understand how income tax applies to individuals and corporations.
• Deductions and Exemptions
  Explore the various deductions and exemptions available to taxpayers.
• Tax Planning Strategies
  Develop effective tax planning strategies to minimize tax liabilities.
• Filing Taxes Accurately
  Learn how to accurately file income tax returns and comply with tax laws.
• * Unit Four: Income from other sources.

• •* Income from Other Source – Basis of Charge, Chargeable Incomes,

  •* Exempt Incomes,

  * Computation of Income from other sources