Taxation Course

If you’re a tax professional or an accounting major who plans to work as a tax accountant after graduation, you probably already know that taxes are a cornerstone of your career. However, if you’re like most people, taxes might not be your favorite subject.

Tax can be confusing because there are lots of different rules and regulations that make it even harder to understand. If you’re just starting out on your tax career path, this guide will help you get started by breaking down the basics of tax laws.

This guide will help you learn about the different types of taxes that exist, how they work and when they might apply to you. You’ll also learn what the IRS is and how it works with other agencies to enforce tax laws.

TDS is the concept of tax deduction at source. It was introduced in order to collect tax from the very source of income for which it is levied. As per this concept, a person (deductor) who is liable to make a payment of specified nature to any other person (deducted) shall deduct tax at source and remit the same into the account of the Central Government.

TCS is a system used by vendors who do business with the government. TCS provides an additional source of tax revenue for the Government, making it easier for the government to collect taxes from all accounts, regardless of their location, who are not eligible for CPT s.

The import utility will help taxpayers import pre-filled data and edit it before filing ITR. The Income Tax Department has decided to do away with the Excel data sheets, and it has introduced a new idea of import utility that will allow importing data into ITR. In the past, a user would have to calculate the ITR manually, or else file tax manually as it would take quite some time.

This new direction of thinking is a step in the right direction as it will make things simpler. GSTR-1, GSTR-2, GSTR-3, and GSTR-4 are all filed by Registered Indian Taxpayers for outward supplies of goods or services. GSTR-5 and GSTR-6 are filed by non-resident foreign taxpayers and details of inward supplies of goods and services made to non-taxable persons located in India etc. Filing for each form is simple, fast, and secure.

Taxation Course Content:

• Module 1
• TAX
• General Terminology
• Percentages
• Computation of VAT
• TAX Information
• VAT forms
• TDS(Tax Deducted at Source)
• e-TDS
• TDS Computation
• Reports
• TDS form
• TCS(Tax Collected at Source)
• e-TCS
• Statutory Information
• TCS Computation
• Reports
• TCS form
•  Module2
• Module 2
• Service Tax Computation
• Report
• GST(Goods and Service Tax)
• Introduction
• Benefits
• Features
• GST in India
• Taxable Persons
• Tax Rate
• GST forms
• Various Types
• GST Return File
•  Module 3
• Utilities
• Import Data
• Banking
• Reports
• Balance Sheet
• Profit & Loss Amount
• Stock Summary
• Ratio Analysis
• Display & Printing