Practical Course in ITR, TDS & Account Finalization

A detail practical course on Income Tax India, as amended by Finance Act 2021

4.50 (185 reviews)
Udemy
platform
हिन्दी
language
Taxes
category
2,429
students
14.5 hours
content
May 2021
last update
$174.99
regular price

What you will learn

Learn the Practical Aspects of Income Tax on New Income Tax Portal

Learn to Compute Total Income & Total Tax in Excel

Understand the Tax Rates (Slab Rates)

Learn to File Income Tax Return 1 on New Income Tax Portal

Learn to File Income Tax Return 2 on New Income Tax Portal

Learn to File Income Tax Return 3 on New Income Tax Portal

Learn to File Income Tax Return 4 on New Income Tax Portal

Learn to File Income Tax Return 5 on New Income Tax Portal

Understand the relevant Amendment by Finance Act 2021

Description

This course on "Practical Approach to Income Tax in India" contain a complete & detail analysis with practical examples. All the relevant amendments up to Finance Act 2021 are covered in this course. Student will also get the detail 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 e 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 concept of presumptive taxation as per Sec 44AD

  • Understand who is eligible to file Income Tax Return 4   

  • Learn to file ITR 4 with 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 Dis allowance 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

VIII Account Finalization

  • Balance Sheet and PnL preparation (with adjustment)

Screenshots

Practical Course in ITR, TDS & Account Finalization - Screenshot_01Practical Course in ITR, TDS & Account Finalization - Screenshot_02Practical Course in ITR, TDS & Account Finalization - Screenshot_03Practical Course in ITR, TDS & Account Finalization - Screenshot_04

Content

Introduction to Income Tax Act

Basic Introduction to Income Tax
What is Assessment Year?
Who is Assessee?
What is Amendment?
Heads of Income under Income Tax
Difference between Exemptions & Deductions
Slab Rates part i (as amended by FA 2020)
Slab Rates Part ii(as amended by FA 2020)
Slab Rates part iii (Sec 115BAC)
Rebate under section 87A
Concept of Surcharge
Surcharge Rates for AY 2020-21
Concept of Marginal Relief
Education Cess Concepts & Rates
Sec 139 – Return of Income
How to Register on e filing portal
Reset password of e filing portal

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

Income Tax Return 4 (SUGAM)

Presumptive Business Income - Sec 44AD
Who Can File ITR 4?
Documents Required for ITR 4?
ITR 4 SUGAM Filing

Restrictions on Cash Transaction by Income Tax Department

Cash Transactions treatment in Income Tax
Dis allowance of Cash expenditure under section 40A(3)
Allowable Cash Expenditure under Rule 6DD
TDS on Cash Transactions Sec 194N
High Value Transactions/ Significant Financial Transactions Sec 285BA

Income Tax Return 2

Eligibility to File ITR-2
Overview of EXCEL utility for filing ITR 2
Overview of JAVA utility for filing ITR 2
Understand ITR 2 form with schedules
How to prefill data in ITR 2 form
ITR 2 Filing Part 1 Salary & House property schedule
ITR 2 Filing Part 2.1 Capital Gain
ITR 2 Filing Part 2.2 Capital Gain
ITR 2 Filing Part 3 Other Sources
ITR 2 Filing Part 4 Balance Schedules & Verification

Income Tax Return 3

Eligibility to File ITR-3
Understand ITR 3 form with schedules
Filing ITR 3 General Information
Filing ITR 3 Business & Profession Schedule

Reviews

Maneet
October 11, 2021
Very excellent course. After completing that course we can we can all about ITR-1,2,3 AND 4. I am very grateful for that it's available for free
Surajit
November 15, 2020
Excellent course structure. Lectures delivery very good. In this course I have learned lot of more. Thanks ?
Akshay
November 1, 2020
Income Tax Return ITR Filing Course in India by Fintaxpro is a very comprehensive course for all the accounting professionals. I personally found it very useful and knowledgable. I want to thank Udemy also for providing this courses to people on a large scale.
Gaurav
October 18, 2020
I would like to put on record, that Sir's way of teaching is amazing and the course is highly beneficial.. Thanks Udemy and Sir for bringing this course in online platform.
JIGNESH
October 3, 2020
SUCH A NICE SESSION. NOW I HAVE NO DOUT ABOUT INCOME TAX FILLING PROCESS. NICE METHOD TO UNDERSTANDING AND REFERENCE BOOK ALSO GOOD
CA
September 13, 2020
Very detail and comprehensive course on Income Tax Return filing along with detail Notes, excel computation sheets, links of official websites, & guidance note to file ITR. Moreover all details are up to date . Also course also give a detail insights on income tax provisions along with the ITR filing.
VasanthaKumar
September 12, 2020
An excellent course, I highly recommend it. this course are very well explained with concepts & examples like pdf & excel. Wonderful course that help me lot. Thank you very much for giving this opportunity to learn.
CA
September 2, 2020
It was really a nice experience to learn with Vivek. He explained income tax return in a very lucid manner.
CA
September 2, 2020
Course is very comprehensive & detailed. Love the way he explained. ITR 1,2,3 & 4 are explained in detailed.
Bhupender
September 1, 2020
Course is very detailed & comprehensive. Really learning new things through this course specially ITR 2 & ITR 3.

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udemy ID
8/4/2020
course created date
9/14/2020
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