Benefits of Diploma in Taxation income tax course is that user learns how to compute tax and how to file returns, because majority of the people don’t know how to do it even a scientist Einsein sometime said the income tax is the hardest thing to learn in this world, anyway if someone is not capable of understanding it, one should not crib about it, one can learn tax preparer training. Many people don’t know How to become Income Consultants ?, Diploma in Taxation can teach anyone how to calculate tax, prepare return and how to prepare for appeals in various higher authorities, those who finish this course in time can become tax consultants and can demand higher salaries for their extensive knowledge in subject. Training Institutes like The Institute of Professional Accountant in India offers such courses there are many institutes which offers online and correspondence courses as well, benefit of correspondence course is to save extra time and energy or money spend on travelling to and from classes.
Since any government can’t do without the collection of revenue hence there is always a scope for litigation among government and tax payer, it is well said even God comes to collect revenue, humans will not pay, leave alone the governments of different countries, hence understanding of laws is very important for those who would like to get into the job or start their own consultancy or want to become consultants, there are courses for beginners and for experts the level of each of the course will decide the basic to complex level of matters one has learned during such courses. At the end of the day learner is equipped with knowledge to prepare ones own consultancy practice as well as joining the lucrative job as Manager
Some of the topics covered during the course are as follows
Scope of Law and its applicability
Deductions and exemptions
Discussing various of heads of Indian Income Tax like:- (Salary, Capital Gains, Income from House Property, Income from other source etc.)
Deductions and exemptions available under law
Capital Gains and Capital losses
Business and non business deductions
Depreciation and its effects.
Business Losses,
Estimation
Calculation of Gross total Income and the liabilities
Author is working with IPA offering Post Graduate Diploma in Taxation Distance and after graduation courses for commerce students. They also offering Accounting Courses