INCOME TAX, VAT AND TDS
Objective:
The course will help the participants to gain knowledge on advanced Techniques and Tools in Taxation which will help them to have awareness on Tax policy of the Government and will also touch on how they can implement the Strategic Objectives in day-to-day operations.
Background:
As we are aware that Tax accounting focuses on providing the information necessary for a business.
Tax accountants must know the differences between tax accounting and financial accounting. Business financial documents, including balance sheets, income statements and cash flow reports, are prepared using different principles but the tax principles are based in different principles. Significant differences exist between the two methods. For example, while the first depreciates assets using a certain method the tax rule may have given different guidelines to it. Tax accountants must know both financial & tax accounting to accurately prepare a tax return.
- The Power of Choice
- Relationship PLUS
- Reaching the Sky
Workshop Coverage:
- Introduction of Taxation
- Registration Procedures: TAX, VAT, Exice
- Taxable Income & Calculation of Taxable Income from Business, Employment and Investment
- VAT Introduction
- Self-Assessment & filing return in Income TAX
- Tax on gain from Non-business Chargeable Assets
- Records and Accounting
- TDS on Employment, Contract, Services,
- Investment Income & Others
- TAX on Retirement Benefits
- Characterization and quantification of Income
- Accounting and Control under VAT Laws
- VAT Accounts & Reconciliation with Financial Accounts
- Maintenance of VAT Accounts and Records under Computerized System
- Others: Treatment and Record of Used Assets and Free of Cost Receipts and Issues etc.
- Penalty for Non- Compliance / Offenders
Target Audience:
- Accounts Department
- Finance Department