What You'll Learn
Direct Taxes – At a Glance
Basic Concept of Income Tax
Incomes Which Do Not Form Part of Total Income
Income under the Head Salary
Income under the Head House Property
Profits & Gains from Business and Profession
Capital Gains
Income from Other Sources
Deductions
Procedural Compliance
Basics of GST
Statement of Profit & Loss
Levy & Collection of GST
Accounting Standards (AS)
Time, Value & Place of Supply
Procedural Compliance under GST
Overview of Customs Act
Input Tax Credit & Computation of GST Liability
Basics of GST
PART I – DIRECT TAX
Lesson 1 – Direct Tax at a Glance
Topics include:
- Meaning and characteristics of tax
- Objectives of taxation
- Direct vs. indirect taxation
- Background of India’s taxation system
- Tax structure
- Tax administration
Lesson 2 – Basic Concepts of Income Tax
Topics:
- Finance Bill
- Assessment Year
- Previous Year
- Income
- Person
- Assessee
- Capital receipts
- Revenue receipts
- Capital expenditure
- Revenue expenditure
- Residential status
Lesson 3 – Incomes Which Do Not Form Part of Total Income
Focuses on:
- Exempt income
- Section 10
- Various exempt incomes
- Conditions for exemption
- Difference between exemption and deduction
Lesson 4 – Income Under the Head Salary
Major areas:
- Salary income
- Allowances
- Perquisites
- Profits in lieu of salary
- Retirement benefits
- Deductions
- Taxable salary
- Computation of income under Salary
Lesson 5 – Income Under the Head House Property
Topics include:
- Meaning of house property
- Ownership
- Annual value
- Gross Annual Value
- Net Annual Value
- Municipal taxes
- Standard deduction
- Interest on borrowed capital
- Self-occupied property
- Let-out property
Lesson 6 – Profits & Gains from Business or Profession
Topics include:
- Meaning of business
- Meaning of profession
- Vocation
- Business income
- Allowable expenses
- Disallowable expenses
- Depreciation
- Tax treatment of business receipts
Lesson 7 – Capital Gains
Topics:
- Capital asset
- Transfer
- Short-Term Capital Gain
- Long-Term Capital Gain
- Cost of acquisition
- Cost of improvement
- Indexed cost
- Computation of capital gains
- Exemptions from capital gains
Lesson 8 – Income from Other Sources
Topics include:
- Meaning of income from other sources
- Interest income
- Dividend
- Gifts
- Winnings
- Family pension
- Other taxable receipts
- Deductions
- Computation of taxable income
Lesson 9 – Clubbing of Income & Set-Off/Carry Forward of Losses
Clubbing:
- Income of spouse
- Minor child
- Transfer of assets
- Revocable transfer
- Other persons’ income included in assessee’s income
Losses:
- Set-off of losses
- Inter-head adjustment
- Intra-head adjustment
- Carry forward of losses
- Conditions for carry forward
Lesson 10 – Deductions
Topics include:
- Chapter VI-A deductions
- Deductions from Gross Total Income
- Deductions relating to payments
- Deductions relating to specific income
- Deduction for persons with disability
- Rebate
- Relief
- Section 80C to 80U
Lesson 11 – Computation of Total Income & Tax Liability of Various Entities
Covers:
- Individual
- HUF
- Partnership Firm
- LLP
- AOP
- BOI
- Co-operative Societies
- Political Parties
- Electoral Trusts
- Exempt organisations
- Trust registration
- AMT
- Applicable tax rates
Lesson 12 – Classification & Tax Incidence on Companies
Topics:
- Taxable income of companies
- Tax liability of companies
- Foreign companies
- Dividend income
- Minimum Alternate Tax (MAT)
- Special provisions for companies
- Equalization Levy
- Carbon Credit
Lesson 13 – Procedural Compliance
Topics:
- TDS
- TCS
- Advance Tax
- Self-Assessment Tax
- Filing of Income Tax Returns
- Belated return
- Updated return
- Fee for late filing
- Interest
- E-TDS
- Tax payment procedures
📘 PART II – INDIRECT TAX
Lesson 14 – Concept of Indirect Taxes at a Glance
Topics:
- Meaning of indirect tax
- Constitutional powers
- Indirect tax structure in India
- Pre-GST taxation
- Problems with the old system
- Post-GST structure
- Administration of indirect taxation
Lesson 15 – Basics of Goods & Services Tax
Topics:
- Basic GST concepts
- GSTN
- GST model
- CGST
- SGST
- IGST
- UTGST
- GST Compensation to States
- Intra-State supply
- Inter-State supply
- Imports
- Supplies to SEZ
Lesson 16 – Levy & Collection of GST
Topics:
- Taxable event
- Supply
- Supply of goods/services
- Consideration
- Composite supply
- Mixed supply
- CGST
- IGST
- Exemptions
- Composition Scheme
Lesson 17 – Time, Value & Place of Supply
Time of Supply
- Time of supply of goods
- Time of supply of services
- Change in rate of tax
- Forward charge
- Reverse charge
- Continuous supply
- Vouchers
Lesson 18 – Input Tax Credit & Computation of GST Liability
Topics:
- Input Tax Credit
- Eligibility conditions
- ITC on inputs
- ITC on capital goods
- ITC on services
- Ineligible ITC
- Transitional provisions
- Input Service Distributor
- Utilisation of ITC
- Computation of GST liability
Lesson 19 – Procedural Compliance under GST
Topics:
- GST registration
- Compulsory registration
- Voluntary registration
- Tax invoice
- Bill of supply
- Delivery challan
- Debit note
- Credit note
- Accounts & records
- E-Way Bill
- GST returns
- Payment of tax
- Refund
Lesson 20 – Overview of Customs Act
The final chapter covers:
- Customs law
- Levy of customs duty
- Types of customs duties
- Classification of goods
- Valuation of goods
- Import procedures
- Export procedures
- Exemptions
- Baggage
- Customs officers
- Administration
- Transportation
- Warehousing
- Duty Drawback
- Demand & recovery
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FREQUENTLY ASKED QUESTIONS
How long is the course?
The course includes 30+ hours of HD video lectures, practical assignments, real-world case studies, and downloadable resources. Since you’ll receive lifetime access, you can complete the course at your own pace without any time restrictions.
Will I get a certificate?
Yes. Upon successfully completing the course, you’ll receive an Industry-Recognized Certificate of Completion that you can add to your resume, LinkedIn profile, or professional portfolio.
Is this course suitable for beginners?
Absolutely. This course is designed for beginners, commerce students, working professionals, CA/CMA aspirants, finance executives, accountants, and business owners. Every concept is explained from the fundamentals to advanced practical applications.
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Yes. You can access the course anytime through our Learning App or on your laptop, desktop, or tablet. Your learning progress is automatically synchronized across all devices.
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Do I get study material or notes?
Yes. Along with the video lectures, you’ll receive:
- Comprehensive PDF Notes
- Practical Excel Templates
- Cost Sheet Formats
- Case Study Files
- Assignment Worksheets
- Practice Questions
- Downloadable Reference Material