Income Tax Act 1961 is a very wider concept, in this course we included below content to make you pro in filing of Income Tax Returns which are ITR 1, ITR 2, ITR 3, ITR 4 and filing of TDS & TCS return yourself and to start your own consultancy in this field

Income Tax and ITR Course Content

Know of Income Tax – Basics

• 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, HEC
• Marginal Relief
• Treatment of Agriculture Income
• Tax Rates for FY 2022-23 & AY 2023-24
• ITR & Audit Due dates
• Income tax rates FY 2023-24 & AY 2024-25

Income from Salary

• Introduction
• Basis of Charge of Income from Salaries
• All Allowances
• All Retirement Benefits
• Profit in lieu of salary
• All Perquisites
• Deductions u/s 16
• Relief u/s 89 for Arrear of Salary and 89A (with filing of Form 10E, 10EE)
• Filing of Form 10IE
• Computation of Income From Salary
• How to show income from salary, pension, exemption, perquisites etc. in Income Tax Return forms (practical training)

Income from House Property

• 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 Income tax Return (practical training)

Income from Capital Gain

• • 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 Income Tax Return (practical training)

• Income From Business & Profession (This head is explained practically with respect to Auditors 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 Income Tax Return with F&O business, Intraday trading business etc. (practical training)

Income from Other Sources

• 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 Income Tax Return (practical training)

Taxation of Virtual Digital Assets & treatment in ITR – Crypto currency

Clubbing of Income

• Situations in which clubbing of Provisions attracted
• 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

• Within same source Intra Head
• Any Head Inter Head

Brought Forward Loss

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

Deductions under Chapter VI-A

• 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

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

Persons exempted form Income tax Return Filing

Income Tax Returns filing Live Training

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

TDS Course Content

TDS & TCS concept is wider in income tax, one can start his or her own consultancy in this field alone and can earn a good amount with consultancy of TDS and TCS only

TDS & TCS compliance are most important for Businessman’s, professionals and consultants. This Practical course contains everything about TDS and TCS i.e. Section wise Concepts clarity, New TAN apply, Register and activate new TAN, All TDS and TCS returns filing (Including Salary) through free software of NSDL (RPU utility), Form16/16A/16B/16C Download, Lower Deduction certificates apply, Late Fee, TDS return correction/Revision (challan & Deductee), TDS on Non Resident, TDS on Property and many more.

Join this most beneficial course to start your own consultancy in TDS and TCS.

One must aware of TDS and TCS compliance because if you miss these compliance’s than consequences are heavy, and you will be more than happy if you can do these compliance yourself without the help of anyone else. Join course and get benefited.

Course Content

• TDS Conceptual Clarity
• How to Apply for New TAN
• New TAN Registration Process on Income tax Portal
• How to Register and Active New TAN on Traces
• Know PAN for TDS
• Sec 192 TDS on Salary
• Sec 192A Pre mature withdrawal of Provident Fund
• Sec 194C TDS on Contractor
• Sec 194D, 194H & 194G TDS on Commission
• Sec 193 Interest on Securities
• 194A TDS on Interest other than securities
• 194 TDS on Dividend
• 194B & BB TDS on Winnings, 194BA TDS on online Gaming
• 194DA Payment of Maturity amount of life insurance premium
• 194E Payment to non-resident sportsmen or Sports association or Entertainer
• 194EE National Saving Scheme
• 194F Payment on repurchase of Units by Mutual fund/UTI
• Sec 194I TDS on Rent
• Sec 194IA TDS on property  (New PAN based Challan cum return Detailed coverage Challan 26QB)
• Sec 194IB TDS on Rent by certain individuals (PAN based Challan cum return Detailed coverage) with Filing of 26QC
• Sec 194IC Payment under Joint Development Agreement
• Sec 194J TDS on Professional services
• Sec 194LA Compensation on Compulsory acquisition of immovable property
• Sec 194K TDS on contract, commission or brokerage or Fee for Professional service
• 194M TDS on certain payments (PAN based Challan cum return Detailed coverage)
• Sec 194N TDS on Cash withdrawal
• Sec 194O TDS on E Commerce
• Sec 194P Pension (along with interest on bank account)
• Sec 194Q TDS on Purchase of Goods
• Sec 194R TDS on Perquisites
• Sec 194S TDS on Virtual Digital Asse
• TCS (Complete Concept clarity – TCS on Certain Goods, TCS on Sale of Goods, TCS on Motor Vehicle, TCS on Lease of Parking, Toll plaza, TCS on Foreign Remittance)
• TDS Return Form 26Q Filing (using Free RPU utility of NSDL)
• TCS return Form 27EQ Filing (using Free RPU utility of NSDL)
• Form 24Q Filing (Through Free Software RPU by NSDL)
• Correction of TDS returns (online for Challan and deductee details or employee details)
• Form 16, 16A, 16B, 16C Download
• Section 195 TDS of Non Resident
• Form 27Q Filing
• How to Pay TDS/TCS online (new payment option explained)
• FAQ coverage for important sections and many more