This course provides comprehensive coverage of the computation of business income and tax payable for both companies and partnership firms, taking into account the provisions of the Income Tax Act. Participants will gain detailed insight into various aspects, including depreciation computation as per both the Income Tax Act and the Companies Act, advance tax computation mechanisms, and allowances/disallowances under different sections of the Income Tax Act. Business taxation, a critical aspect of financial management, is thoroughly examined, ensuring participants develop a robust understanding of tax implications for both companies and partnership firms. By the end of the course, students will be proficient in computing depreciation according to both the Income Tax Act and the Companies Act, understanding allowances and disallowances under relevant tax sections, and calculating advance tax for firms and companies. With a duration of 1 to 1.5 weeks, this course offers a focused yet comprehensive learning experience, equipping participants with the skills necessary to navigate the complexities of business taxation and tax computation effectively.

 

The course delves into the computation of business income and tax payable for companies and partnership firms, considering provisions outlined in the Income Tax Act.

 

Participants gain detailed understanding of depreciation computation methods as prescribed by both the Income Tax Act and the Companies Act.

 

The course covers advance tax computation mechanisms for firms and companies, ensuring participants are adept at managing tax liabilities.

 

Students learn about allowances and disallowances under various sections of the Income Tax Act, gaining insight into deductible and non-deductible expenses.

 

Business taxation implications are thoroughly examined for both companies and partnership firms, enabling participants to navigate tax obligations effectively.

 

With a duration of 1 to 1.5 weeks, the course provides a focused learning experience, allowing participants to acquire essential skills in business taxation and tax computation within a relatively short timeframe.