Offered by: St. Xavier’s College, Kolkata
(An Autonomous College under Calcutta University)
Scope:
This course will lay emphasis on the practical aspects with a solid
knowledge base. Typical real life situations are covered under the syllabus.
A student will learn how to compute taxable income under the heads ―
Salaries, House properties, Business and Profession, Capital gains and other
sources. Moreover, they can also learn how to compute tax liability of an
individual, HUF, Firms, Companies etc. and how to file income-tax return in
case of various assesses. The students would get an idea about Indirect
Taxes ― Excise duty, VAT, Service tax etc. and tax planning which attempts
to reduce tax liability legally.
This course is intended to give a spurt to aspiring tax enthusiasts who have
a natural flair to develop tax base. After completion of this course, one
can start his/her career as a tax consultant or tax practitioner; thereby
creating opportunities for self-employment.
Course structure:
| Direct Taxes |
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Module –I 1. Direct Taxes – A
conceptual framework
2. Income from Salary
3. Income from House property
4. Income from Capital gain
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Module – II 1.Income under the
head profit & gains of Business or Profession
2. Income from other sources
3. Clubbing of Income
4. Set off and carry forward of losses
5. Deduction from gross total income
6. Agriculture Income
7. Computation of tax liability of Individual, HUF and Firm |
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Module – III 1.
Submission of return and procedure for assessment – due date of
furnishing return, various forms, loss return, belated return,
revised return, PAN, self assessment, Summary assessment, Best
judgement assessment, Income escaping assessment, time limit for
completion of assessment
2. TDS and TCS (Brief idea)
3. Advance payment of Tax
4. Refund of tax
5. Intent, penalties, offences and prosecution
6. Appeals and revision and income tax authorities .
7. Wealth Tax |
| Indirect Taxes |
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Module IV
W.B. VAT1. Concept of VAT Composition / Turnover Tax
2. VAT under compounded system
3. VAT calculation
4. Purposes for which Input Tax credit may be allowed
5. Input Tax Credit on Capital Goods
6. Disallowance of Input Tax Credit
7. VAT in case of Export
8. VAT in case of Manufacture of Tax Exempted goods
9. VAT in inter- state trade
10. VAT in case of Branch Transfer
11. Reverse Credit
12. Payment of VAT liability
13. VAT Return |
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CST Act, 1956
1. Sale or purchase of goods in the course of inter-State trade or
commerce
2. Sale in the course of import and export
3. Liability to tax on inter-State sales
4. Statutory forms under CST Act
5. Rates of tax, State specific exemptions |
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Module V
Service Tax
1. Meaning of Service
2. Declared Services
3. Taxability of Services
4. Point of Taxation
5. Negative List of Services
6. Exempted Services
7. Registration Procedure
8. Centralized Registration
9. Issue of Invoice
10. CENVAT Credit Scheme
11. CENVAT Credits And Payments
12. Payment of Service Tax
13. e-Payment of Service Tax
14. Record Keeping
15. Input Service Distributor
16. Reverse Charge
17. Payment of Service Tax by Service Receipient
18. Availability of Cenvat Credit in case of reverse charge
19. Service Tax Returns
20. Filing procedure of the service tax return |
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Module VI
Central Excise
- An Overview of Central Excise
- Administration of Central Excise
- Registration Procedure
- Excise Control Code [E.C.C. Number]
- Procedure for allotment of ECC
- INVOICE SYSTEM
- Introduction
- Removals only on invoice
- Preparation of invoices when goods dispatched through
more than one vehicle because of their size
- Cancellation of Invoice
- Procedure Relating to:
- Job Work
- Dealers
- Manner of Payment of Duty
- Account Current and Procedures Relating to Cenvat Credit
- Salient features
- Credit on Capital Goods
- Credit utilization
- Record
- Introduction
- Private records
- Export Procedure
- Introduction
- Conditions
- Procedure for clearance from the factory or warehouse
- Return
- Introduction
- Filing Procedure of Return
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Module VII
Practical work
- 10 hours of computer application for tax computations through
TALLY 9.0
- Calculation and On-line submission of income tax returns
- Filling-up of various forms
- Case study
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Eligibility:
Undergraduate students or graduates in any discipline
| Course Duration |
7 months. |
| Course Commencing from |
July 2013 |
| Course Fees |
Rs. 14000 |
| Class days |
Mon, Wed, Fri (6pm – 8pm) |
Certificate:
Certificate will be given by St. Xavier’s College after successful
completion of the course.
Application procedure:
For application forms and related information, Interested candidates may
contact Mr. Mohan Das or Mr. S. Sircar at Room no. 7 (Ground floor) between
10-30 AM and 8 PM (Phone no. 22551288/89) or visit our website
www.sxccal.edu . Email:
career@sxccal.edu
Application forms may be downloaded from the website and completed
application form (along with two passport sized photographs and attested
photocopy of the marksheet of the qualifying examination) is to be submitted
at Room No. 7 by paying a registration fee of Rs. 100/-. Eligible candidates
may get direct admission subject to the fulfillment of norms of norms.
Click here to download application form
Payment of fees
- The course fee may be paid in two equal installments.
- The 1st installment of Rs. 9000/- is to be paid at the time of
admission. 2nd installment of Rs. 5000/- is to be paid by 15th
September, 2013
- Fees can be paid by cash/Demand Draft/Pay Order.
- Fees in cash are to be paid at the counter of the Syndicate Bank on
the college premises from 9am. to 1pm. (weekdays), 9am. to 11am
(Saturdays) [please attach a photocopy of the paid Bank Challan with the
form.]
- Demand Draft/Pay Order for Course Fees to be prepared in favour of
St. Xavier’s College, payable at Kolkata [please write your Name &
Course reverse side of the Demand Draft/Pay Order and also keep a
photocopy of the Demand Draft/Pay Order]
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