What will you learn in this course:In this Course you will learn a lot of Knowledge and after complete this course you will excellent in INCOME TAX. This course provide many chapter of TAX Rules and Regulation including Theories and Practical Problems etc.After Complete this you achieve a lot of information related to INCOME TAX and its Application.This Course Include:1. INTRODUCTIONINTRODUCTION AND IMPORTANT DEFINITIONS OF INCOME TAXTypes of Tax➢ Direct Tax ➢ Indirect TaxDifference between Direct Tax and Indirect TaxIncome Tax Act 1961Person includes:- (1) An Individual (2) A Hindu Undivided family (3) A Company (4) A Firm (5) An association of person or body of individuals. (6) A Local authority (7) Artificial juridical personPrevious YearAssessment YearAssesseePermanent Account Number - PAN2. RESIDENTIAL STATUSResidential status of an Individual1) Basic Condition2) Additional ConditionA. Ordinarily ResidentB. Not Ordinarily ResidentC. Non ResidentResidential status of HUFResidential status of Firm, Local Authority, AOP, BOI, and AJPResidential status of CompanyPractical Problems3. AGRICULTURAL INCOMEAgricultural income includes Kinds of Agricultural IncomePartly Agricultural IncomeIncome which is partially agricultural and partially from businessPractical Problems and Solution4. INCOME FROM HOUSE PROPERTYDeemed ownerAnnual ValueComputation of Annual valueComputation of Income from House PropertyComputation of Interest on loanPractical Problems and Solution5. CAPITAL GAINIntroductionWhat is Capital GainMain Elements of Capital Gains1. Capital Assets 2. Transfer of Capital Assets 3. Computation of Capital GainsShort-term Capital Assets and Short-term Capital GainLong-term Capital Assets and Long-term Capital GainIndexation TableComputation of Capital Gains in Special CasesPractical Problems and Solution6. INCOME FROM SALARY1. Deduction Section 16 in detail2. Allowances in detail3. Provident Fund in detail4. Perquisites in detail5. Grading in detail6. Specified Employee in detailSalary after Retirement in detailPractical Problems and Solution of every chapter7. INCOME FROM OTHER SOURCESMeaning of Income from Other SourcesExamples of Incomes taxable under the head other sourcesBonds Washing TransactionsPractical Problems and Solution8. PGBPProfit and Gains of Business or ProfessionBusiness: Income taxable under the head Profits and Gains of Business or ProfessionAdmissible DeductionsExpenses Expressly DisallowedRate of DepreciationExplanation of above itemsGross Professional Earning:- (a) In case of Doctor(b) In case of an Advocate or a Chartered Accountant:Practical Problems and Solution9. CLUBBING OF INCOMETransfer of income without transfer of assetsRevocable transfer of assetsIncomes of other persons to be included in assessee's incomeClubbing of minor's incomeDeemed Incomes 10.SET OFF & CARRY FORWARD OF LOSSESAssessee's Duties and RightsMeaning of Set-Off and Carry Forward of LossesProvisions Regarding Set-Off of LossesImportant NotesPractical Problems and Solution11. DEDUCTION SECTION 80C-80UDEDUCTIONS FROM GROSS TOTAL INCOME OR DEDUCTION UNDER CHAPTER VI A OR DEDUCTION U/S 80C - 80UMeaning of Gross Total IncomeReasons of Deduction u/s 80C - 80U80C80CCC80CCD80CCE80D80DD80DDB80E80EE80EEA80EEB80G80GG80GGA80GGB80GGC80QQB80RRB80TTA80TTB80U12. TOTAL INCOMEComputation of Total IncomePractical Problems and Solutions13. TAX LIABILITYRounding - off of Total Income & Tax LiabilityIncome Tax rates for individualsRates of Income Tax as per Old Tax RegimePractical Problems and Solutions