Indian Income Tax: The Complete Course
Learn how to file your own Income Tax Returns and Other Tax Documentations.
Finance and Accounting,Taxes,Direct Taxes
Lectures -28
Duration -8.5 hours
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Course Description
Do you find it difficult to understand the Income Tax laws?
Or are you struggling with filing your own income tax return?
Many a time we hear people saying that they don’t understand tax, they are not aware of when tax is to be deducted (TDS), they find it difficult to apply for their own PAN number or they find it difficult to file their return of income.
So friends, to simplify all your problems and give you excellent clarity of all concepts and sections, we have made this course on “Income Tax” presented by Direct and Corporate Tax expert CA Natasha Shah.
Income tax is a direct tax levied by the government on income generated by businesses and individuals. At present, this law is governed by the Income Tax Act, of 1961 which came into force on 1st April 1962 and there are various Income Tax Rules, Notifications, and Circulars that are also to be followed.
Income tax is a tax charged on the annual income earned by an individual. The amount of tax paid will depend on how much money you earn as income over a financial year. One can proceed with Income tax payment, TDS/TCS payment, and Non-TDS/TCS payments online. All taxpayers must fill in the relevant details to make these payments. The entire process becomes simple and quick.
Income tax for FY 2020-21 applies to all residents whose annual income exceeds Rs.2.5 lakh p.a. The highest amount of tax an individual could pay is 30% of their income plus cess at 4% if their income is more than Rs.10 lakh p.a
Benefits of taking this course:
Get a comprehensive understanding of Income Tax Preparation.
File your own return of income or assist your tax consultant in filing the return of income of your businesses.
You will be able to apply for a PAN number or make corrections/changes in PAN.
Avoid late payment fees and interest on default by gaining knowledge of various due dates, advance tax, and TDS provisions.
Strengthen your resume with Income Tax knowledge.
Increase the job opportunities for newly passed out graduates and also for all others with knowledge of Direct tax.
Goals
PAN (Permanent Account Number) – Need, uses, and how to apply.
Various types of income like Salaries, House Property, Business Income, Capital Gains, and Other Sources of Income – the components and their taxability.
Clubbing of Income & Set-off and carry forward.
Deductions under Chapter VI A.
TDS – when and on what income tax is required to be deducted at source.
Advance tax – the instalments & due dates.
Calculation of tax liability and filing of return of income.
Prerequisites
Basic Understanding of the Indian Tax System.

Curriculum
Check out the detailed breakdown of what’s inside the course
Introduction
2 Lectures
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Course Preview 03:30 03:30
-
Introduction to Income Tax 09:58 09:58
Income Tax in India
3 Lectures

Types of taxable income
12 Lectures

Tax deducted at Source TDS
3 Lectures

Other Important Topics
2 Lectures

Deductions under Chapter VI A (Selected)
3 Lectures

Miscellaneous Topics
3 Lectures

Instructor Details

Letstute
Letstute - established in the year 2013 is a group of subject instructors formed with the aim to provide quality education to all.
We have been serving for the last 8 years by making educational content in the form of audio-visual and written formats in the field of English, Maths, Science, Accounting, Art & craft, professional courses, Environmental studies courses, and many "FREE" courses.
We believe that learning should not be a burden, but instead, it should be a fun and interesting process. We use a lot of real-life examples to explain concepts; for they should be learned logically. Our content is prepared after several levels of reviews by our subject experts as quality is prime for us.
So, we ask you to join hands with us to experience 'Learning' like never before.
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