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Lesson List
How to Download Course Videos
0/1
Welcome Toolkit
0/1
Introduction to GST
0/1
Charge of GST
0/1
RCM in GST
0/1
RCM in GST Practical Aspect
0/1
Exempt Supply in GST
0/1
Time of Supply in GST
0/1
Value of Supply in GST
0/1
Types of Supply in GST
0/1
Input Tax Credit in GST
0/1
Interest on GST
0/1
Assessment & Audit in GST
0/1
Demand & Recovery in GST
0/1
Appeal & Revision in GST
0/1
Advance Ruling AAR in GST
0/1
Overview of GST Portal
0/1
Practical session on ITC Reconciliation
0/1
Practical session on GSTR 3B (Regular)
0/1
Practical session on GSTR 3B (QRMP)
0/1
Practical Session in GSTR 1 & 3B Filing
0/1
Practical session on GST Computation
0/1
Practical Session on GSTR 4
0/1
Practical session on GSTR 9
0/1
Practical session on GSTR 9C
0/1
Practical session on GSTR 10
0/1
Introduction to Income Tax Act
0/1
Set Off or Carry Forward of Losses
0/1
Deductions
0/1
Interest on Income Tax
0/1
Income Tax Computation
0/1
ITR 5 Filing
0/1
Balance sheet and Acc Finalization
0/1
Vodafone Case Law
0/1
Intro to TDS & TCS
0/1
Sec 194C TDS on Contract
0/1
Sec 194D & 194H TDS on Comm.
0/1
Sec 194I TDS on Rent
0/1
Sec 194J TDS on Professional Services
0/1
194Q TDS on Purchase of goods
0/1
194R TDS on Perquisites Practical Aspect FAQ
0/1
Sec 194S TDS on Virtual Digital Assets
0/1
194S TDS on Virtual Digital Asset FAQ
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TDS Return Salary
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TDS Return other than Salary
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Lesson: Basics of Income Tax
Overview
Exercise Files
About Lesson

Income Tax a Major source of Revenue-Income Tax is one of the major source of Income for Indian Government. As per Budget 2020 estimated revenue from Income Tax is 12 Lakh Crore (approx).

Government Organisation Structure for Income Tax- Income Tax Department formally called CBDT (Central board of Direct Taxation) is a part of Revenue Ministry under Ministry of Finance (MOF) which is ultimately govern by the Union government of India. Currently (2020-21) Mrs. Nirmala Sitharaman heading the Ministry of Finance.

Institution advise government in Income Tax matter- Institute of Chartered Accountants (ICAI), Institute of Cost Accounts (ICMAI), Institute of Company Secretary of India are 3 major institute under Ministry of Corporate Affairs (MCA) advise government on different issues related to income tax.

Tax Professionals in India – CA, CS , CMA, Advocates, Tax Experts, Tax practitioners & Tax Consultants are professionals in India deals in Income Tax. There is no specific degree to practice in Income tax. A person having sound knowledge of Income Tax provisions and familiar with Income Tax Rules, Forms etc can deals in Income tax matter, nevertheless under Income Tax Act,1961 certain reports are prepared & signed by accountant [Chartered Accountant as defined under sec 288(2)], for instance, Tax Audit.

Note- Please download the Study Notes attached in resources which we will use in our ongoing sessions.

This session cover below topics-

Basics of Income Tax

  • What is assessment year?
  • Who is assessee?
  • Heads of Income
  • Basic computation of income
  • Rate of Income Tax
  • Surcharge & Marginal Relief
  • Rebate under section 87A
Lesson List
How to Download Course Videos
0/1
Welcome Toolkit
0/1
Introduction to GST
0/1
Charge of GST
0/1
RCM in GST
0/1
RCM in GST Practical Aspect
0/1
Exempt Supply in GST
0/1
Time of Supply in GST
0/1
Value of Supply in GST
0/1
Types of Supply in GST
0/1
Input Tax Credit in GST
0/1
Interest on GST
0/1
Assessment & Audit in GST
0/1
Demand & Recovery in GST
0/1
Appeal & Revision in GST
0/1
Advance Ruling AAR in GST
0/1
Overview of GST Portal
0/1
Practical session on ITC Reconciliation
0/1
Practical session on GSTR 3B (Regular)
0/1
Practical session on GSTR 3B (QRMP)
0/1
Practical Session in GSTR 1 & 3B Filing
0/1
Practical session on GST Computation
0/1
Practical Session on GSTR 4
0/1
Practical session on GSTR 9
0/1
Practical session on GSTR 9C
0/1
Practical session on GSTR 10
0/1
Introduction to Income Tax Act
0/1
Set Off or Carry Forward of Losses
0/1
Deductions
0/1
Interest on Income Tax
0/1
Income Tax Computation
0/1
ITR 5 Filing
0/1
Balance sheet and Acc Finalization
0/1
Vodafone Case Law
0/1
Intro to TDS & TCS
0/1
Sec 194C TDS on Contract
0/1
Sec 194D & 194H TDS on Comm.
0/1
Sec 194I TDS on Rent
0/1
Sec 194J TDS on Professional Services
0/1
194Q TDS on Purchase of goods
0/1
194R TDS on Perquisites Practical Aspect FAQ
0/1
Sec 194S TDS on Virtual Digital Assets
0/1
194S TDS on Virtual Digital Asset FAQ
0/1
TDS Return Salary
0/1
TDS Return other than Salary
0/1
This feature has been disabled by the administrator
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