Learn the fundamentals of income tax in India, including tax filing, deductions, exemptions, and calculations.
Sub Category
- Taxes
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Objectives
- Tax Fundamentals: Understand the definition of tax, types of taxes (direct and indirect), and the concept of income in the Indian tax system.
- Residential Status: Learn how residential status affects an individual's tax liabilities and the global income taxation rules for Indian residents
- Income Exemptions: Explore various categories of income that are exempt from tax, such as gratuity, pension, HRA, and dividends, and learn how to apply.
- Income From House Property: Gain insights into calculating taxable income from house property, understanding ownership rules, and applying deductions.
- Capital Gains Tax: Understand how capital gains are calculated, learn about the types of capital assets, cost inflation index, and exemptions.
- Salary Income: Learn the components of salary income, including gratuity, perquisites, and leave encashment, and how to optimize salary structuring for tax
- Business and Professional Income: Dive into the tax regulations surrounding income from business or profession, including allowable deductions.
- Income From Other Sources: Learn how to handle miscellaneous income, such as dividends, interest, winnings, and gifts, while ensuring proper tax compliance.
- By the end of the course, students will be able to navigate India’s complex tax regulations with confidence, accurately compute taxes
Pre Requisites
- Basic Understanding of Finance: A general knowledge of finance and personal income will help in grasping tax-related concepts more quickly.
- Familiarity with Indian Tax Terms: While no deep knowledge of tax law is required, a basic understanding of common tax-related terms such as income, deductions, and exemptions will be beneficial.
- Interest in Taxation and Compliance: A willingness to learn about tax laws and regulations in India is essential, especially for professionals and business owners.
- Access to a Calculator/Spreadsheet: Since tax calculations are a significant part of the course, having access to a basic calculator or a spreadsheet software will be useful.
- No Formal Education Requirements: The course does not require formal educational qualifications; beginners with a keen interest in understanding taxes are welcome.
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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