A to Z of Income Tax cover

A to Z of Income Tax

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Instructor: CA Vivek Awasthi (FinTaxPro)

Language: Hindi, English

Validity Period: 365 days

₹1299 including 18% GST

This course on "Practical Approach to Income Tax " contain a complete & detailed analysis with practical examples. All the relevant amendments up to Finance Act 2021 are covered in this course. The student will also get the detailed 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 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 the concept of presumptive taxation as per Sec 44AD
  • Understand who is eligible to file Income Tax Return 4   
  • Learn to file ITR 4 with a 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 Disallowance 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
  • Sec 194Q TDS on Purchase of Goods

VIII Account Finalization

  • Balance Sheet and PnL preparation (with adjustment)


What Student will learn from this course?

  • Learn the Practical Aspects of Income Tax
  • Learn to Compute Total Income & Total Tax in Excel
  • Understand the Tax Rates (Slab Rates)
  • Learn to File Income Tax Return 1 (SAHAJ)
  • Learn to File Income Tax Return 2
  • Learn to File Income Tax Return 3
  • Learn to File Income Tax Return 4 (SUGAM)
  • Learn to File Income Tax Return 5
  • Understand the relevant Amendment by Finance Act 2021
  • Learn the Tax Planning of Income Tax
  • Updated by Budget 2021


Course Requirement & prerequisites?

  • Learner must be able to understand Hindi


Who can Join this Course/ Target Students?

  • Tax Consultants wants to increase their scope of practice in Direct Taxation
  • Accountant want to Learn ITR Filing
  • Commerce Graduate curious to learn income tax practically
  • Commerce Students want to learn practical aspect income tax
  • Law students curious to learn Income Tax Practically
  • Students of CA/CS/CMA want to understand the practical approach of Income Tax
  • Practicing CA/CS/CMA want to expend their professional skills in Direct Taxation
  • Advocates want to expand their practice in Direct Taxation

About the instructor

Vivek Awasthi is partner in Fintaxpro Advisory LLP handle direct and indirect taxation. Here is a brief intro from his desk

“Professionally I am an Income Tax & GST consultant having experience of more than 5 years in field of taxation, handling GST & Income Tax compliance along with giving online practical sessions and webinar to students and professionals. By our courses student continue to learn & expanded their perspective & sharpened their skills in Indirect Taxation.”

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