• Basic of Income Tax
• Types of Taxes
• Important Definitions
• Previous Year and Assessment Year
• Residential Status
• Gross Total Income vs Total Income
• Income tax Slab Rates for Individual
• Income tax Slab Rates for HUF
• Income tax Slab Rates for Partnership Firm
• Income tax Slab Rates for Limited Liability Partnership (LLP)
• Income tax Slab Rates for Companies
• Income tax Slab Rates for Co-operative Societies
• Income tax Slab Rates for Association of Persons
• Income tax Slab Rates for Trusts
• New Tax Slab Rates section 115BAC
• Old Tax Slab Rates
• Surcharge, Rebate, H. Cess
• Marginal Relief
• Agriculture Income

• Introduction
• Basis of Charge of Income from Salaries
• All Allowances
• All Retirement Benefits
• Profit in lieu of salary
• All Perquisites
• Deductions
• Provident funds
• Relief u/s 89 for Arrear of Salary and 89A (Form 10E, 10EE)
• Form 10IE
• Computation of Income From Salary
• How to show income from salary, pension, exemption, perquisites etc. in ITR (practical training)

• Basis of charge of Income from House Property
• Gross Annual Value
• Deductions from Rental Incomes (Section 24)
• Interest on borrowed capital with PCP
• Special aspects – Arrear of Rent Received
• Special aspects – Co ownership
• Computation of Income from House Property
• Deemed owner
• Composite Rent
• How to show income from House property in ITR (practical training)

• • Basis of Charge of Capital Gains
  • Meaning & Concepts of Capital Asset
  • Transaction not regarded as Transfer
  • Computation of Capital Gain
  • Short Tern & Long Term Capital Gain
  • Cost of Acquisition
  • Cost of Improvement
  • Deemed Transfer
  • Full value of consideration
  • Slump Sale
  • Capital gain on Sale of Shares
  • Capital gain on sale of other assets
  • Indexed Cost of Acquisition / Improvement
  • Exemptions from Capital Gain (Section 54)
  • How to show profit/loss from sale of shares and other assets in ITR (practical training)

• Income From Business & Profession (This head is explained practically with respect to auditor point of view also)
  
  • Introduction
  • Basis of Charge of Profits and Gains of Business or Profession (Sec.28 to 44)
  • Allowability/Deduction of Expenditure (practical coverage with perspective of auditor in ITR)
  • Compulsory maintenance of books of accounts (Sec.44AA)
  • COMPULSORY AUDIT OF ACCOUNTS- SEC. 44AB
  • Depreciation
  • Section 35, donation/expense on scientific research
  • Inadmissible Expenditure
  • Presumptive Tax- Section 44AD, 44ADA, 44AE
  • Alternate Minimum Tax
  • How to show income from Business and profession in ITR with F&O business, Intraday trading business etc. (practical training)

• Basis of Charge of Income from Other Sources
• Dividend, Interest Income
• Winning from Lotteries, Crossword puzzles, Horse Races and card games etc.
  (Also known as casual Income)
• Taxability of Gifts
• Family pension
• Deductions u/s 57, 58,59
• Computation of Income from Other Sources
• How to show this in ITR (practical training)

– Situations in which clubbing of Provisions are attached

• Income transfer with transfer Asset
• Revocable transfer of Asset
• Payment to Spouse from Concern in which Individual has substantial interest
• Transfer to Spouse
• Transfer to Son’s Wife
• Transfer for benefit of Spouse / Son’s Wife
• Minor Income
• Income from Concern in which Substantial Interest exists

– Other Aspects of Clubbing of Income

Set off and Carry forward of Losses

– Current Year Loss

• With in same source
• Any Head

– Brought Forward Loss

• Loss from Property
• Business Loss
• Unabsorbed Depreciation
• Capital Loss
• Loss under Other Sources
• How to show  in ITR (practical training)

• 80 C – LIC, School Fee, NSC, PF, Housing Loan cost, FD etc.
• Section 80CCC: Contribution to Certain Specified Pension Funds
• Section 80CCD : Contribution to Pension scheme of central govt./New Pension scheme/Atal Pension Yojna
• 80 D – Mediclaim (Self, Parents, Preventive Health Checkup etc.
• 80 DD / 80 U – Disability of Assessee / Dependent
• 80 DDB – Medical Treatment
• 80 E – Interest on Education Loan
• 80 EE – Interest on  Loan for Specified House Property
• 80 EEA – Interest on Loan taken for Certain House Property
• 80 EEB – Interest on Loan taken for Purchas of Electric Vehicle
• 80 G – Donation to Approved fund and Charitable Institutions
• 80 GG – Rent paid no HRA
• 80 GGA – Donation to Research Institutions etc.
• 80 GGB, 80GGC – Deduction to Political Parties etc.
• 80 QQB – Royalty on Books
• 80 RRB – Royalty on Patents
• 80 TTA – Interest on Saving Account Deposits
• 80TTB – Interest on Deposits in case of Senior Citizens
• Section 80U: Deduction for handicapped Assessee
• How to show Deductions in ITR (practical training)

• Advance Tax
• Interest for Delay in Return Filing
• Interest for Non payment / Short payment of Advance Tax
• Interest for Deferment of Advance Tax Installments

Persons exempted form Income tax Return Filing

• ITR 1
• ITR 2
• ITR 3
• ITR 4
• ITR U

• Introduction
• Rates & Provisions
• How to file 26Q and 24Q

Tax Collection at Source (TCS)

• Introduction
• Rates & Provisions