Direct Tax Laws and Practice
- Offered bySwayam
Direct Tax Laws and Practice at Swayam Overview
Duration | 15 weeks |
Start from | Start Now |
Mode of learning | Online |
Official Website | Go to Website  |
Credential | Certificate |
Direct Tax Laws and Practice at Swayam Highlights
- Earn a certification from Tezpur University
- Learn from expert faculty
Direct Tax Laws and Practice at Swayam Course details
- Undergraduate and postgraduate students studying accounting, finance, business administration, commerce, or law who need to understand taxation principles and practices
- An overview of the direct taxation system of India.
- Knowledge of computation of income tax.
- Idea on various avenues for tax planning and tax management
- Awareness on the compliance of tax laws
- Enabling to file income tax returns
- Taking occupation as tax consultants
- No government can run a country without revenue. One of the major sources of revenue is taxation. Taxes can be classified as Direct and Indirect Tax
- Direct taxes encompass those taxes where impact and incidence falls on the same person. Income Tax Act, 1961 is the prime legislation in the area of direct taxes in India
- It is very interesting to know various facets of this Act
- The Act makes ample scope for tax planning and tax management by utilizing various provisions which are enshrined therein. A tax payer can reduce her tax liability by taking advantage of various incentives that are provided in the Act
Direct Tax Laws and Practice at Swayam Curriculum
Week 1 Basic Concepts and Definitions - Income Tax Act, 1961
Tax evasion, tax avoidance, tax planning/ management
Background, Concept and Mechanism of Income Tax
Definitions, Concept of Income, Assessee, Previous Year, Assessment Year
Basis of Charge
Scope of Total Income
Week 2 Residential Status and Incomes Exempt from Tax
Residential Status and incidence of tax
Incomes Exempt from Tax
Week 3 Income from Salaries
Basis of Charge of Income from Salaries
Allowances
Perquisites
Computation of Income from Salary
Week 4 Income from House Property
Basis of Charge of Income from House Property
Gross Annual Value
Deductions under Section 24
Computation of Income from House Property
Week 5 Profits and Gains of Business or Profession
Basis of Charge of Profits and Gains of Business or Profession
General Principles Governing income from business
Deductions under Section 30 to 44DB
Computation of Profits and Gains of Business or Profession
Week 6 Capital Gains
Basis of Charge of Capital Gains
Concept of Capital Asset
Capital gains exempt from tax and allowable deductions
Computation of Short term and Long term capital gains
Week 7 Income from Other Sources
Basis of Charge of Income from Other Sources
Dividend, Interest on Securities
Deductions
Computation of Income from Other Sources
Week 8 Deductions from Gross Total Income
Essential Rules governing deductions
Deductions under Sections 80C to 80U
Week 9 Clubbing of Income and Set off & Carry Forward of Losses
Income of other persons included in Assesse’s Total Income
Set off and Carry Forward of Losses
Direct Tax Laws and Practice at Swayam Faculty details
Direct Tax Laws and Practice at Swayam Admission Process
Important Dates
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