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Indian Income Tax: The Complete Course

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4.2

Indian Income Tax: The Complete Course

Learn how to file your own Income Tax Returns and Other Tax Documentations.

updated on icon Updated on May, 2024

language icon Language - English

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English [CC]

category icon Accounting & Finance,Taxation

Lectures -28

Duration -8.5 hours

4.2

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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 an 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, 1961 which came into force from 1st April 1962 and there are various Income Tax Rules, Notifications, 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

What will you learn in this course:

  • PAN (Permanent Account Number) – Need, uses, how to apply

  • Various types of income like Salaries, House Property, Business Income, Capital Gains, Other Sources Income – the components and its 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 installments & due dates

  • Calculation of tax liability and filing of return of income

Prerequisites

What are the prerequisites for this course?

  • Basic Understanding of the Indian Tax System

Indian Income Tax: The Complete Course

Curriculum

Check out the detailed breakdown of what’s inside the course

Introduction
2 Lectures
  • play icon Course Preview 03:30 03:30
  • play icon Introduction to Income Tax 09:58 09:58
Income Tax in India
3 Lectures
Tutorialspoint
Types of taxable income
12 Lectures
Tutorialspoint
Tax deducted at Source TDS
3 Lectures
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Other Important Topics
2 Lectures
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Deductions under Chapter VI A (Selected)
3 Lectures
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Miscellaneous Topics
3 Lectures
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Instructor Details

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