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**AD-TEAM** · 01-25-2025, 02:15 PM

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Comprehensive Taxation And Tax Audit Mastery
Published 1/2025
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.65 GB | Duration: 4h 56m

Master the complexities of direct and indirect taxes alongside tax audit fundamentals with practical insights!

What you'll learn

Fundamental principles of direct and indirect taxation.

Techniques for determining residential status and scope of income.

Practical approaches to exemptions, deductions, and capital gains computation.

Comprehensive knowledge of salary, business, and other income taxation.

The purpose, procedures, and documentation of tax audits.

Expertise in preparing and reviewing Form 3CD for audits.

Requirements

Basic understanding of accounting and financial concepts. Familiarity with common tax terms is beneficial but not mandatory. Access to a computer and internet for online resources.

Description

Introduction:Taxation is a cornerstone of financial systems worldwide, impacting individuals, businesses, and governments. Understanding the intricate world of taxes, both direct and indirect, is essential for compliance and financial planning. This course provides a comprehensive guide to taxation principles and tax audits, offering students the knowledge and skills to navigate the complexities of the tax system confidently. Through interactive lectures and real-world scenarios, students will develop a strong foundation in tax concepts, compliance requirements, and audit procedures.Section 1: Direct & Indirect TaxationLecture 1-8: Foundations of TaxationBegin by understanding the definition, types, and core concepts of taxation. Explore income concepts, residential status, and the scope of total income, which are fundamental to determining tax liabilities. Learn about income deemed to accrue or arise in India, and gain an overview of income exemptions.Lecture 9-12: Exemptions and DeductionsDive into specific income categories like gratuity, pension, retrenchment benefits, and HRA. Learn about exemptions for scholarships, awards, dividends, and minor children with practical examples to enhance understanding.Lecture 13-22: Taxation on Property and Capital GainsUnderstand income from house property, including ownership rules and tax calculations. Transition into the world of capital gains, exploring asset types, cost inflation index, exemptions, and detailed computation methods.Lecture 23-34: Salary and Business TaxationFocus on salary taxation, covering components like gratuity, leave encashment, and perquisites. Learn to calculate deductions allowed and disallowed, including partnership remuneration and key sections like CCC, CCD, E, and U.Lecture 35-38: Other Income CategoriesExplore taxation on dividends, interest, winnings, and gift tax, completing your understanding of taxable income.Section 2: Tax Audit FundamentalsLecture 39-42: Introduction and ApplicabilityUnderstand the purpose and scope of tax audits, including their applicability to different entities. Explore the role and responsibilities of tax auditors.Lecture 43-46: Audit Procedures and DocumentationLearn the importance of documentation and how to draft effective tax audit reports, including procedural steps and legal requirements.Lecture 47-48: Tax Audit ReportingGain expertise in Form 3CD and its components, concluding with best practices for compiling a comprehensive tax audit report.Conclusion:This course empowers students to confidently handle complex taxation and audit tasks, blending theoretical insights with practical applications. By the end, participants will have a thorough understanding of tax regulations, exemptions, and compliance, making them valuable assets in any financial or accounting role.

Overview

Section 1: Taxation - Direct & Indirect Taxes

Lecture 1 Definition of Tax, Types of Tax

Lecture 2 Concept of Income

Lecture 3 Income and other concepts

Lecture 4 Basic of Residential Status

Lecture 5 Residential Status of Individual & HUF

Lecture 6 Residential Status and Scope of total Income

Lecture 7 Income deemed to Accrue or Arise in India

Lecture 8 Introduction - Income Exempt From Tax

Lecture 9 Gratuity and Pension

Lecture 10 Retrenchment, VRS, Super Annuation

Lecture 11 HRA, Scholarship, Awards, Dividend, Minor Child

Lecture 12 HRA, Scholarship, Awards, Dividend, Minor Child continues

Lecture 13 Definition of Income From House Property

Lecture 14 Ownership, Deemed Owner , Income Not Chargeable to Head

Lecture 15 Calculation - 1

Lecture 16 Calculation - 2

Lecture 17 Calculation - 3

Lecture 18 Introduction of Capital Gains

Lecture 19 Types os Capital Assets

Lecture 20 Cost Inflation Index

Lecture 21 Exemption

Lecture 22 Exemptions under G & GA,Computation of Capital Gain

Lecture 23 Definition of Salary

Lecture 24 Components of Salary

Lecture 25 Gratuity & Leave Encashment

Lecture 26 Perquisite & Specified Employee

Lecture 27 Perquisites (Continues)

Lecture 28 Leave Travel Concession & Format of Salary

Lecture 29 Definition of Business or Profession

Lecture 30 Deductions Alllowed and Disallowed

Lecture 31 Deuction of Total Income, Sec C and Deduction for LIC

Lecture 32 Remuneration to Partner

Lecture 33 Sec CCC, CCD

Lecture 34 Sec E & Sec U

Lecture 35 Definition of Income From Other Sources

Lecture 36 Dividend

Lecture 37 Interest Other Than Interest on Securities

Lecture 38 Income From Wining & Gift Tax

Section 2: Tax Audit Fundamentals

Lecture 39 Tax Audit Introduction

Lecture 40 Applicability

Lecture 41 Tax Applicability

Lecture 42 Tax Auditor

Lecture 43 Letters

Lecture 44 Tax Audit Procedures

Lecture 45 Documentation

Lecture 46 Tax Audit Report

Lecture 47 Form 3 Cd

Lecture 48 Conclusion

Aspiring accountants and tax consultants.,Business owners looking to understand tax compliance.,Financial analysts and auditors seeking to expand their knowledge.,Students pursuing a career in finance or taxation.,Anyone interested in mastering taxation and tax audit fundamentals.

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