Direct and Indirect Taxes 12+12+12+ 4
= 40 hrs |
Extent of Coverage
To provide basic knowledge of direct
taxes and indirect taxes for running
of the companies and firms so that they
may contribute effectively in the running
of the organization.
Basics of income tax, sales tax, central
excise and customs act |
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Contents of income tax act |
- Heads of income – salary,
profit & gains of business
and profession, house property
income – simple provisions
in these areas
- Procedure for registration
– pan, e-filing of tds,
e-filing of tcs
- Provisions - advance tax,
self assessment
- Computation of total income
statement
- Period for filing returns
- Maintenance of books of accounts
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Contents of sales tax act |
- Basic provisions of sales
tax
- Procedure for registration
- Filing of monthly/quarterly
return and annual return
- Filing of forms
- Concept of sale, turnover,
consignment, branch transfers
- Basic books of accounts to
be maintained
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Contents of central excise |
- Basic provisions of central
excise
- Procedure for registration
- Hsn concept
- Self removal procedure assessment
- Registers to be maintained
- Filing of returns –
monthly, annually
- Tariff under central excise
- Cenvat rules and taking of
credit
- Transfer of goods from one
place to another
- Transaction value concept
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Contents of customs act |
- Basic provisions of customs
- Filing of returns and books
maintenance
- Obtaining rbi code
- Importing of goods -documentation
- Exporting of goods - documentation
- Service tax rules and procedures
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