PRACTICAL

Objective- This course will enable the students to:
• Solve Practical problems regarding computation of taxable salary of an individual considering allowance, perquisites and retirement benefits
• Compute taxable income from House Property, Business and Profession, Capital Gains and Other Sources considering various deductions allowed
• Learn Tax Rates, Rebates including computation of Taxable Income and Tax Liability of an Individual
• File SAHAJ electronically on Income Tax Portal
• Understand GST Portal and learn the process of Registration on the Portal

COURSE LEARNING OUTCOME:
Students will be able to:
• Compute income under the five Heads
• Learn recent amendments including practical applications of Tax Rates, Rebates and Relief
• Practically apply the provisions of Income Tax Act to compute Taxable Income of an Individual
• File ITR-1 (SAHAJ) electronically
• Navigate the GST Portal and learn to fill various forms pertaining to Registration