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EncartaLabs

Accounting & Taxation

( Duration: 5 Days )

This Accounting & Taxation training course provides a detailed overview of how to solve tax related problems and compliance errors faced by different industries on a daily basis. This course helps in understanding, interpreting and mastering the applications of taxation field.

This course provides an introduction towards individual tax and its calculation, filing of income tax return, TDS - introduction, TDS rules governing it, knowledge of how to file TDS returns, GST - introduction and definition, e-way bill procedure & uploading system, configuration of GST, prepare trial balance, scrutiny, Audit, preparation of schedule - IV balance sheet, prepare partner balance sheet accounts, tax audit details, Advanced MIS and reporting, and much more.

By attending Accounting & Taxation workshop, delegates will learn:

  • Individual Tax
  • Tax Deducted at Source (TDS)
  • MIS Report Preparation
  • Finalization of Accounts
  • Goods and Service Tax (GST)
  • Other Statutory Laws

The Accounting & Taxation class is ideal for:

  • Accountants, Tax consultants and Accounting managers.

COURSE AGENDA

1

Individual Tax

  • Income Tax Fundamentals
  • Income from Salary
  • Income from House Property
  • Income from Business & Professions
  • Income from Capital Gains
  • Income from Other sources
  • Other Exemptions and Deductions
  • Presumptive Income Calculation
  • Computation of Income Tax assessee
  • ITR Filing 1
  • ITR Filing 2
  • ITR Filing 3
  • ITR Filing 4
2

Tax Deducted at Source (TDS)

  • TDS Fundamentals
  • Important Forms, Due Dates, Penalties
  • TAN & PAN No.
  • TDS Salary Section 192B
  • Complete Exemption & Deductions
  • TDS Computation of Employees
  • Complete TDS Non Salary Sec.194
  • Complete TCS Sec. 206
  • TDS & TCS Book in the System
  • TDS & TCS Online Payment in Challan 281
  • TDS & TCS Online Return Filing
  • Form 16 & Form 16A online generate form traces
  • Form 15G, 15H, Form 26AS
  • TDS on payment of purchase of property 194IA / 194IB
3

MIS Report Preparation

  • MIS for Manufacturing & Trading Industries
  • MIS for Service Industries
  • MIS Report Preparation
  • Monthly and Segment wise MIS report for Trading , Mfg and Service Industries.
  • Group MIS
  • Cash Flow
  • DP Statement
  • Statutory Report
  • Graphical Presentation of MIS reports
  • Use of tally Cost Center for MIS Reports
4

Finalization of Accounts

  • Complete Book Closing Process
  • Ledger Scrutiny & Vouching
  • Opening & Closing Entries
  • Transfer & Adjustment Entries
  • Provisions & Reserve Entries
  • Depreciation Calculation as per Company & IT Act
  • Deferred Tax - Concept and Calculation
  • Corporate Tax - Concept and Calculation
  • Advance Tax - Concept and Calculation
  • Preparation of Final P&L A/c
  • Preparation of Final Balance Sheet
  • Preparation of Final Cash Flow
5

Goods and Service Tax (GST)

  • GST Overview
  • GST Registration
  • Normal v/s Composition Scheme
  • Value of Supply
  • Place of Supply
  • Time of Supply
  • Input Tax Credit
  • Tax Invoice, Credit & Debit Notes
  • E-Way Bill for Transport of Goods
  • Monthly & Annual Return in GST
  • Other Miscellaneous Points
  • GST Practicals
6

Other Statutory Laws

  • PF Act Applicability
  • PF Act Eligibility
  • PF Benefits
  • PF Rates
  • PF Contribution Share
  • PF Important Forms
  • PF ECR Generate (PF Payment & Returns)
  • Late Payments & Returns Interest & Damage
  • ESIC Act Applicability
  • ESIC Eligibility
  • ESIC Benefits
  • ESIC Contribution Share
  • ESIC Important forms
  • ESIC ECR Generate (PF Payment & Returns)
  • PTEC Applicability
  • PTEC Forms & Payments

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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