Combo – Income Tax Course & Automation of BS & P&L

About Course

This course will guide you in learning of  Income tax in detail with conceptual as well as practical knowledge of Filing ITR 1, 2, 3, 4, ITR-U and Quarterly TDS Returns in a very easy to understand language.

 

Content of Course :

Day wise Schedule of Course :

VIDEO TOPIC
DAY 1 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, H. Cess
  • Marginal Relief
  • Agriculture Income
DAY 2 & 3 Income From Salary

  • 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)
DAY 4 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 ITR (practical training)
DAY 5 & 6
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 ITR (practical training)
 DAY 7 & 8
  • 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)
DAY 9 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 ITR (practical training)
DAY 9 Clubbing of Income

– 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)
DAY 10 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)
DAY 11 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 Installments

Persons exempted form Income tax Return Filing

DAY 13 & 14 Income Tax Returns filing Live Training

  • ITR 1
  • ITR 2
  • ITR 3
  • ITR 4
  • ITR U
DAY 12 Tax Deduction at Source (TDS)

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

Tax Collection at Source (TCS)

  • Introduction
  • Rates & Provisions

Excel is most powerful tool and if you use it in Accounting it work like wonders and help you to save lots of your time. This course provides you learning of Automation of balance sheet and Profit & loss on the basis of Trial Balance by using excel. Make sure your Trial Balance should be in excel format.

This course will also help you to match opening and closing balances in 5 minutes. Also you can prepare MIS reports, comparative reports etc. with the help of this course. you will gain so much knowledge that you can prepare balance sheet on daily basis just in 5 minutes.

It is very easy to understand.

 

Content of Course :

  1. Powerful Excel Formulas (Most powerful Excel formula sikhaye jayenge jo aapko sirf B.Sheet banane mein hi nhi balki har jagah kaam aayenge)
  2. Checking of Trial Balance to correct mistake if any within 2 minutes
  3. Trial Balance arrangements using Excel for Automation
  4. Creation of Masters and Groups
  5. Preparation of Balance Sheet and Profit & Loss automatically with Trial Balance
  6. Full automation of B.Sheet ( iska matlab ek baar automation ke baad aap chahen toh daily balance sheet bana sakte hain woh bhi bus 5 minute mein, yaani agar Trial mein koi change ho jaaye toh bhi aapko koi pareshani nhi hogi,Ghanto ka kaam minuto mein hone lagega)
  7. Checking of Opening Trial Balance with Closing Trail Balance before finalization of Balance sheet is must and we will let you know how you can do this in minutes
Show More

What Will You Learn?

  • ITR-1 filing
  • ITR-2 filing
  • ITR-3 filing
  • ITR-4 filing
  • ITR-U
  • TDS returns
  • F&O
  • Intraday Trading
  • Relief u/s 89 (form 10E)
  • Relief u/s 89A (Form 10EE)
  • form 10IE
  • Income Tax slab rate
  • computation of Income
  • understanding of Income Tax Act & Rules, Finance act etc.
  • 26A, AIS
  • Many more in easy language
  • Powerful Excel Formulas
  • Checking of Trial Balance to correct mistake if any with in 2 minutes
  • Trial Balance arrangements using Excel for Automation
  • Creation of Masters and Groups
  • Preparation of Automated Balance Sheet and Profit & Loss with Trial Balance
  • Full automation of B.Sheet (iska matlab ek baar automation ke baad aap chahen toh daily balance sheet bana sakte hain woh bhi bus 5 minute mein, yaani agar Trail mein koi change ho jaaye toh bhi aapko koi pareshani na ho aapka bahut sare ghanto ka kaam minutes mein hone lagega)
  • Checking of Opening Trial Balance with Closing Trail Balance before finalization of Balance sheet is must and we will let you know how you can do this in minutes
  • Additional Content
  • How to find, if any change happened in Books of Accounts up to last month.

Course Content

Know of Income Tax – Basics

  • Know of Income Tax – Basics
    01:58:35

Income From Salary

Income from House Property

Income from Capital Gain

INCOME FROM PGBP

TRIAL BALANCE से AUTOMATIC BS/P&L बनाना सीखें

Income from Other Sources, Set off and Carry forward, Advance tax, Interest, Late fee, ITR basics

Deduction under Section 80 (Chapter VI A)

TDS & TCS

ITR-1 & ITR-4 LIVE FILING

ITR-2 & ITR-3 LIVE FILING

Detailed and Practical Coverage of TDS and TCS

Section 194IA TDS on Sale of Property

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