MODULE -1
1. BASIC ACCOUNTING & FINALIZATION OF ACCOUNTS.
* Introduction To Book-Keeping & Accounting.
* Basic Elements In Accounting.
* Business Transaction & The Accounting Equation.
* Golden Rules Of Accounting.
* Accounting Assumptions Or Basic Accounting Concepts.
* Accounting Process. (Document Identification Till Financials)
* Examples & Exercise.
(In Today’s World All Accounting In Computerized And We Get The Ready Output From The System. IIPTR’s Approach Is To Make Peoples Understand All Accounting Concept And Process By Following Practical Approach Like Passing Journal Entries, Posting To Ledger, Drafting Trial Balance, P&L And Balance Sheet.)
2. REVISED SCHEDULE VI.
* Presentation Of Financial Statement
* Comparative Analysis Of Old & Revised Schedule VI.
* Presentation Of Financial Statement (REVISED).
(We Take Practical Example On Presentation Of Company Financials As Per Revised Sch VI Which Includes Notes Forming Parts Of Financials, Profit & Loss Account, Depreciation Schedule And Balance Sheet And Get It Solved From The Student In The Class Room.)
3. INCOME TAX.
* Basic Concept.
(This Will Cover Solving Examples On Residential Status, Taxability Based On Residential Status, Tax Rates, Marginal Relief, Income Not Forming Part Of Total Income Etc.)
* Heads Of Income
(This Will Cover All 5 Heads Of Income. Solving Example To Understand Each Section Contains In Heads Of Income Like Under SALARY Head, Calculating Exemption Of HRA, Leave Encashment, Gratuity, Pension, LTA And Other Perquisites Etc.)
* Clubbing Of Income.
(When And How To Club Income Of Wife / Minor Children / Son’s Wife Etc.)
* Setoff & Carried Forward Losses Of All Heads Of Income.
* Deductions. (Like 80C / 80D / 80E / 80TTA Etc)
* MAT Provision (Applicable For Company)
* Advance Tax & Dividend Distribution Tax.
(How To Calculate Advance Tax / DDT And Legal Compliance)
4. PROCEDURE TO MAKE AN APPLICATION FOR PAN/TAN.
* Procedure To File PAN / TAN Application.
(To Teach How To Apply Independently For New PAN Through TIN NSDL Without Visiting TIN Facilitation Centers)
5. TDS/TCS & E-RETURN.
* Tax Deducted At Source/Tax Collected At Source (Section 192 To 195).
(Understanding Applicability, Requirement, Tax Rates And Compliance With Income Tax With Practical Examples)
* Lower Rate Certificate (197).
(Understanding Requirement & Benefits Of Lower Rate / NIL Rate Certificates & Procedure To Apply For Certificate U/S 197)
* E-Filing Of Return & Revised Return.
(Online Filing Of Original Return, How To Rectify Default / Notice Received From CPC Traces And File Revised Return)
* Form 16A/16. – How To Download From TRACES.
6. INCOME TAX RETURN FILING (E-RETURN).
* Due Date For Filing Return.
* Income Tax Return & Applicability.
* Procedure To File Online Return.
(Online Filing Of Individual & Company Return)
* Penalties On Non-Compliance Of Income Tax Provisions.
MODULE -2
1. PROVEDENT FUND/ESIC/PROFESSION TAX.
* Provident Fund
(Applicability, Registration, Valuation, Periodicity, Returns & Penalties).
* ESIC
(Applicability, Valuation, Periodicity, Returns & Penalties).
* Professional Tax
(Applicability, Valuation, Periodicity, Returns & Penalties).
2. REGISTRAR OF COMPANY (ROC).
* Director Identification Number (DIN).
* Registration Of A Company (CIN).
* Filing Of Returns (23AC/23ACA)
(Procedure To Apply For DIN / CIN And Filing Of Final Reports)
3. VALUE ADDED TAX (VAT)/ Works Contract Tax (WCT) / CENTRAL SALES TAX (CST).
* Applicability.
(What Is VAT, When And To Whom It Is Applicable)
* Registration.
(Types Of Registration, Who Should Apply And When Should Apply, Penalties For Non Registration)
* Valuation / Cenvat Credit.
(Understanding Valuation Rule, How To Maintain Cenvat Credit Register, How To Use Credit And Compliances)
* Payment / Return / Refund.
(Procedure To Pay Taxes, File Returns & Apply For Refund, Penalties For Non Compliance)
* FORMS – C,F,H,EI,EII.
(What Are Different Types Of Forms Under VAT, Use Of Forms & How To Apply The Same)
* VAT Audit.
(Who Should Conduct VAT Audit, Process To Conduct VAT Audit And Filing Of VAT Audit Report)
* Composition / Works Contract Provision.
(Different Types Of Composition Scheme Available And Their Compliance, Who Is Liable For WCT, Process, Payment, How To Issue WCT Certificate And Credit Of WCT)
* CST Provision. (Process & Compliance Of CST)
4. SERVICE TAX.
* Applicability.
(What Is Service Tax, When And To Whom It Is Applicable)
* Registration.
(Types Of Registration, Who Should Apply And When Should Apply, Penalties For Non Registration)
* Valuation / Cenvat Credit.
(Understanding Valuation Rule, Point Of Taxation, Place Of Business, Reverse Charge Mechanism, Application Of Swachh Bharat Cess, How To Maintain Cenvat Credit Register,Rule 6(3) For Exempt Services, How To Use Credit And Compliances)
* Payment / Return / Refund / Audit.
(Procedure To Pay Taxes, File Returns & Apply For Refund, Penalties For Non Compliance)
5. EXCISE.
* Applicability.
(What Is Service Tax, When And To Whom It Is Applicable)
* Registration.
(Types Of Registration, Who Should Apply And When Should Apply, Penalties For Non Registration)
* Valuation / Cenvat Credit.
(Understanding Valuation Rule, Point Of Taxation, Valuation Rules When Sale Is Not From Factory Gate, Inclusion & Exclusion In Valuation, How To Maintain Cenvat Credit Register, Rule 6(3) For Exempt Output, How To Use Credit And Compliances)
* Payment / Return / Refund / Audit.
(Procedure To Pay Taxes, File Returns & Apply For Refund, Penalties For Non Compliance)