CERTIFICATION ON INCOME TAX (NON-CORPORATE)


In India, Income Tax was first time introduced in year 1860 by Sir James Wilson in order to meet the losses caused on account of ‘Military Mutiny’ in 1857. In 1886, a separate Income Tax Act was passed, which remained in force for long time, subject to various amendments. From 1918 to 1922 various amendments made the Act complicated. Act 1922 remained in force till assessment year 1961-62.
In 1956, GOI referred Law Commission to simplify the law & also prevent tax evasion. The Law Commission submitted the report in 1958 in consultancy with Ministry of Law. At present, Income Tax Law is governed by Income Tax Act, 1961, which came into force on & from 1st April, 1961, which applies to whole of India, including state of Jammu & Kashmir.

The Law of Income Tax is governed by Income Tax Act, 1961 & gaps are filled by Income Tax Rules, Notifications, Circulars & Judicial Pronouncements including rulings by the Tribunal.
Taxes are the compulsory financial charge levied by the government on income, commodity, services, activities or transaction etc. Taxes are the basic source of revenue for the government, which are utilized for the welfare of the people of the country through government policies, provisions and practices.
Income Tax is a type of Direct Tax collected by the Government on the Income of the person, rather than on goods & services. Speaking of Non-Corporate Taxation, it covers taxes levied on the income of the non-corporate assesses which are other than Corporate entities (Companies) i.e. Individuals, HUF’s & Partnership Firms.

Into Legal World presents a certification course in association with Glocal Gurukul, where we will teach you the laws and procedure related to Income Tax.



Who Should Take this Course?

  • Finance professionals
  • Business Heads and Business Owners,
  • Tax Officials
  • Finance and Accounts Officer
  • Income tax Practitioners
  • Individuals/beginners seeking a career opportunity
  • Students


What you will Learn?

  • Introduction to concepts Income Tax
  • Clarity of the different provisions of the Income Tax Act
  • Understanding various heads/sources of Income
  • Computation of Income Tax of Individuals, HUF’s, Firms
  • Types of deductions & exemptions
  • Filling & Filing of various returns forms under Income Tax ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7
  • Income Tax Assessment & Proceedings
  • Set off & carry forward of Losses
  • Clubbing of income
  • Calculation of Advance Tax & Self-Assessment Tax & Interest Liabilities
  • Deduction & collection of Taxes (TDS & TCS)


Fees: 5000 INR


Duration: 8 Weeks



COURSE FACULTY

CA Aswani Kumar
F.C.A., B.Com.
Partner
Seth & Associates
(Chartered Accountants)
Heading Direct Tax vertical
CA Nikhil Shukla
A.C.A., B. Com, D.I.S.A.
Manager (Audit & Income Tax)

Seth & Associates
(Chartered Accountants)
Ayushi Chandel
B.Com.
Assistant Manager (Audit & Income Tax)

Seth & Associates
(Chartered Accountants)


Key Features of the Course:

  • Experienced Faculties
  • Guest Lectures from Academicians and Research Scholars from top Institutions.
  • Online Video Lectures/Live Lectures
  • Course developed by learned academicians and scholars.
  • Audio Video Presentations along with Electronic material, which can be printed for references
  • 24*7 Course Access
  • Assessment tasks
  • Study Material


*Students will get Certificate and Letter Head Report Card. Report Card will contain all the work and progress by the students.


The overall course structure is designed with the aim of letting students gain the utmost knowledge of the field. The program builds an added advantage for students who can select their niche areas in financial sectors, taxation etc.
The study material has been prepared by the faculty of Glocal Gurukul a unit of Glocal Advisors LLP. The objective of the study material is to provide knowledge in the field of Income Tax. All the interpretations and discussions contained herein are provided in a manner useful for the students.



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