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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

Topics include:

  • Meaning and characteristics of tax
  • Objectives of taxation
  • Direct vs. indirect taxation
  • Background of India’s taxation system
  • Tax structure
  • Tax administration

Topics:

  • Finance Bill
  • Assessment Year
  • Previous Year
  • Income
  • Person
  • Assessee
  • Capital receipts
  • Revenue receipts
  • Capital expenditure
  • Revenue expenditure
  • Residential status

Focuses on:

  • Exempt income
  • Section 10
  • Various exempt incomes
  • Conditions for exemption
  • Difference between exemption and deduction

Major areas:

  • Salary income
  • Allowances
  • Perquisites
  • Profits in lieu of salary
  • Retirement benefits
  • Deductions
  • Taxable salary
  • Computation of income under Salary

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

Topics include:

  • Meaning of business
  • Meaning of profession
  • Vocation
  • Business income
  • Allowable expenses
  • Disallowable expenses
  • Depreciation
  • Tax treatment of business receipts

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

Topics include:

  • Meaning of income from other sources
  • Interest income
  • Dividend
  • Gifts
  • Winnings
  • Family pension
  • Other taxable receipts
  • Deductions
  • Computation of taxable income

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

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

Covers:

  • Individual
  • HUF
  • Partnership Firm
  • LLP
  • AOP
  • BOI
  • Co-operative Societies
  • Political Parties
  • Electoral Trusts
  • Exempt organisations
  • Trust registration
  • AMT
  • Applicable tax rates

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

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

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

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

Topics:

  • Taxable event
  • Supply
  • Supply of goods/services
  • Consideration
  • Composite supply
  • Mixed supply
  • CGST
  • IGST
  • Exemptions
  • Composition Scheme

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

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

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

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

What Our Students Say

This is one of the best practical Cost Accounting courses I've taken. The concepts are explained with real industry examples, making them easy to understand. I now feel much more confident working on Cost Records and Cost Audit assignments."
Rahul SharmaCEO
I was struggling with Cost Accounting during my CMA preparation. This course simplified every topic and the practical approach helped me understand concepts much faster. Highly recommended for commerce students
Priya GuptaJaipur, Rajasthan
The instructor explains every topic step by step with practical examples. The notes, case studies, and assignments made learning much more effective than traditional classroom teaching
Aman VermaLucknow, Uttar Pradesh
Excellent course for both students and working professionals. I especially liked the sections on Cost Audit and Cost Records. The mobile app is very convenient for learning anytime
Sneha PatelAhmedabad, Gujarat

FREQUENTLY ASKED QUESTIONS

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.

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.

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.

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.

Yes. Once enrolled, you’ll receive 1 Year to all course videos, study materials, assignments, future updates, and any newly added content at no extra cost.

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
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