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Tax Management

Module I

  • Basic concepts: assessment year, previous year, person, assesse, Income, charges on income, gross total income, capital
  • Revenue receipts, residential status, receipt and accrual of income, connotation of income deemed to accrue or arise in India
  • Tax Planning, Tax Evasion and Tax Management

Module II

  • Explanation under various heads of income
  • Income from salary
  • Income from House Property

Module III

  • Income under the head profit and gains of business or professions and its computation
  • Method of accounting
  • Scheme of business deductions/allowance
  • Deemed profits, maintenance of books
  • Depreciation

Module IV

  • Income under capital gain
  • Basis of charge
  • Transfer of capital asset
  • Inclusion & exclusion from capital asset
  • Capital gain
  • Computation of capital gain
  • Deductions from capital gains

Module V

  • Income from Other Sources
  • Permissible deductions under section 80C to 80U
  • Setoff and carry forward of losses and clubbing of Incomes

Module VI

  • Computation of tax liability of a firm and partners

Module VII

Module VIII

  • Central excise act
  • Objects and provisions of the act in brief
  • Customs act
  • Central sale tax and VAT