Practical Course in ITR, TDS & Account Finalization

Practical Course in ITR, TDS & Account Finalization

This course on "Practical Approach to Income Tax in India" contain a complete & detail analysis with practical examples. All the relevant amendments up to Finance Act 2021 are covered in this course. Student will also get the detail Study Notes, Charts & Excel computation sheet for easy understanding.

This Course includes the below topics in detail-

I. Introduction to Income Tax

• Basic Introduction to Income Tax Act

• What is Assessment Year?

• Who is Assessee?

• Heads of Income under Income Tax Act,1961

• Difference between Exemptions & Deductions

• Slab Rates (as amended by FA 2020)

• Sec 115 BAC for new slab rates for individuals

• Rebate under section 87A

• Surcharge & Education Cess

• Sec 139 – Return of Income

• How to Register on e filing portal

• Reset password of e filing portal

II. Income Tax Return-1 (SAHAJ)

• Who Can File ITR 1

• Documents Required for ITR 1

• How to view 26AS

• Reconcile Form 26AS with Form 16

• ITR 1 Filing – General Information Tab

• ITR 1 Filing – Computation of Income

• ITR 1 Filing- E Pay Tax Online

• Verification of ITR 1

III. Income Tax Return-2

• Eligibility to File ITR ITR 2

• Excel Utility Overview for filing Income Tax Return ITR 2

• Java Utility Overview for filing Income Tax Return ITR  2

• Understand Schedules of Income Tax Return ITR 2

• How to prefill data in Income Tax Return ITR 2

• Live ITR filing & XML generating

IV Income Tax Return -3

• Eligibility for Income Tax Return 3

• Understand Schedule of Income Tax Return 3

• Filing of Income Tax Return 3

V Income Tax Return 4 (SUGAM)

• Understand concept of presumptive taxation as per Sec 44AD

• Understand who is eligible to file Income Tax Return 4   

• Learn to file ITR 4 with Live Demo of online filing

VI Income Tax Return 5

• Filing of ITR 5 with Live Demo

VI Restriction on Cash Transactions by Income Tax Department

• Understand Dis allowance of Cash Expenditure under Section 40A

• Understand sec 194N, TDS on cash withdrawal from Bank

• Learn about the SFT Significant Financial Transactions/High Value Transactions

• Understand the section 285BA along with Rule 114E for High Value Transactions 

VII Tax Deducted at Source

• TDS Basics

• TDS on Salary Computation

• TDS Return other than Salary - Form 26Q

• TDS Return for Salary - Form 24Q

VIII Account Finalization

• Balance Sheet and PnL preparation (with adjustment)

A detail practical course on Income Tax India, as amended by Finance Act 2021

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What you will learn

• Learn the Practical Aspects of Income Tax on New Income Tax Portal
• Learn to Compute Total Income & Total Tax in Excel
• Understand the Tax Rates (Slab Rates)

Rating: 4.45

Level: All Levels

Duration: 14.5 hours

Instructor: FINTAXPRO ADVISORY LLP