Top 10 Income Tax Courses in India
Taxation is a complex balance of revenue collection, bringing prosperity and liquidity in the hands of the public and data collection for future government schemes. “Who is the most efficient and optimal use of money, Government or our industrious, resourceful public?” is the permanent and pertinent question that needs to be answered. The department has made various provisions for people to save tax by spending money on certain goods and investing in specific schemes. A tax professional makes his client aware of these opportunities and uses all the laws available to reduce the tax liability of his client. Doing a certification course in Income tax is a very important step for becoming a tax professional. It will make you aware of the various compliances to be fulfilled by the taxpayer, different forms to be submitted along with their due dates. This course will provide you with an overview of all the sections under the income tax act, assessment procedure, and filing of various types of returns.
The Indian Income Tax law is complex. With the new reforms, it’s becoming more important to stay on top of changes in this area. For those who wish to pursue a career in tax or for professionals from other fields looking to understand income taxes better, here are the top 10 courses available that will help you get started.
What is Income Tax?
The term income tax refers to a type of tax imposed by the government. It is levied on income generated by the businesses and individuals within their jurisdiction. It is a source of revenue for the government. It is used to fund public services, national security, pay government obligations and create new infrastructure.
Best Income Tax Courses in India
We have surveyed and found the 10 best income tax courses in India just for you.
#1. ConsultEase Income Tax Specialist Certification Course
Consultees are run by some of the best brains in their field. It is an amalgamation of practical knowledge, experience, and the latest technology. This provides the viewer an ultimate learning experience of current and accurate knowledge combined with the best technology. Corporations value their courses because they are practical and nurture a ready to employ participant. This Income tax course trains professionals with concepts and practices. The biggest gap in education is that practical subjects are covered by teachers who don’t have any practical exposure. The faculty of this course CA Rohit Kapoor is catering to many industries and knows about their niche requirements.
Tax planning is very crucial for the individual as well as business enterprises. Proper tax planning can be done with an in-depth knowledge of all the provisions of the Income Tax Act which would help you to understand the applicability of the provisions and how they will affect the entity. This certification course on Income Tax provides you with In-Depth Knowledge of Income Tax Law, which will help you to enhance your personal and professional growth.
Course Content
- Introduction to the Income Tax
- In-Depth Knowledge of the PGBP Provisions
- Capital Gain Taxation
- Taxation on the Income from Other Sources
- Taxation on Salary Income
- Taxation on House Property Income
- Specified Financial Transactions (SFT) Reporting
- Deductions, Clubbing, Set-Off & Carry Forward
- TDS Compliances & Practical Knowledge
- Income Tax Returns Filing
- Assessment Procedures (Incl. e-Assessment & e-Proceeding)
- Appeals Under Income Tax (with Practical Training)
- Residential Status and Incomes Exempt from Tax
- International Taxation (DTAA, Transfer Pricing, Equalization Levy, Foreign Tax Credit, etc.)
- Tax Planning Tools
- Handling of Different Type of Income Tax Problems
- Important Case Laws
Key Features
This Income tax course is designed with the following unique features.
1) The course is divided into 10 Pre-recorded video sessions of around 20+ hours in which all the provisions are discussed in complete detail along with real, practical examples.
2) Various taxation issues regarding newly introduced sections concerning, e-commerce sellers and operators, MSMEs, TDS, and TCS.
3) Live webinar with the speaker for asking your queries, doubts, and interaction with the speaker.
4) You will get an unlimited number of views that can be viewed at your leisure along with PPTs and study material.
5) Also if you perform well you can also get a chance to work as a consultant.
6) Recordings and other resources like FAQs, Case laws discussed will be available at your dashboard 24*7.
#2. Henry Harvin Income Tax Specialist Certification Course
It is a reputed name in financial courses. They also have a finance academy. They claim this course to be the best Income tax certification course and have been featured in AAJ TAK and HINDUSTAN TIMES.
Course Content
The course is delivered by well-trained multiple times awarded trainers.
Apart from all the Income heads and provisions, there is a specific emphasis on ;
- Litigation Management, Newly introduced TDS and TCS provisions
- Validity of Scrutiny Notice
- Information Collect, Documents Collect
- Assessment Order,(Tax, Interest, and Penalty)
- Tax Audit
- Commissioner appeal filing
- I.T. appellate Tribunal
- TDS,TDS survey,TCS,Equalization Levy,Prosecution under I.T.Act for TDS
- Compounding provisions
- Along with academics they also give complimentary grooming classes
- Soft skill development
- Resume writing
Key Features
- It is a 2 months,32 hours interactive course. 2 hours each online class is held on Weekends. They have multiple batches for time flexibility. You also have the option of attending different batches of different teachers.
- You get 1-year membership of the Finance academy.
- Learning is through an LMS (learning management system).Access to a mobile app so that students can learn while they are on the move.
- Monthly Bootcamp sessions to revise the concepts and clearing of doubts.
- Personalized Job support where you get job calls, interview preparation, and career counseling.
- A CITS (certified income tax specialist) certificate is provided after completion of the course.
#3. Income Tax Certification course by TaxGuru Edu
Taxguru. in is a specialized and focused portal for taxation, corporate laws, accounting, auditing, and financial matters. Many CAs, ICWAs CSS, Finance, and law professionals are joined with this portal. It is renowned and trusted for its authentic and well-researched articles and information. Taxguru Edu is an educational arm of Taxguru. and it has brought this online Income tax certification course.
Course Content
The course extensively covers all the major aspects of Income Tax and lays special focus on the following topics;
- Succession planning with minimum taxes
- Taxation of Gifts
- Cash Transactions, etc
- Transactions were not quoting PAN may invite inquiry
- Scrutiny by self before scrutiny by Income-tax Department
- Precautions while filing ITR to minimize CASS Scrutiny Selection
- Precautions in real-estate transactions – for the buyer as well as seller
- e) Maintenance of documents and period thereof
- f) Tax Deducted at Source, especially by non-businessman
- g) Filing Essential Compliances, ITR, etc
- Handling Online assessments,
- Income tax Health Check-up
- Limiting Taxation Disputes
Key Features
- The course duration is 40 hrs, divided into 2 interactive online classes each of 3 hours on weekends.
- A special book called “Income tax-Ready reckoner” is given to each participant.
- Recording of the classes for a limited period till the papers are held.
- A special session for query resolution.
- Classes are held in easy language to have a wider audience.
- A certificate of completion is provided after passing the exams.
#4. Income Tax Certification course by Finology Learn
This course focuses mostly on filing the ITR. It also gives greater emphasis on salaried people. The objective of the course is to make salaried people self-reliant in filing their ITR.
Course Content
- Gives complete details about the provisions of Income-tax
- Helps salaried employees to proactively plan their taxes in advance
- It is a quick tutorial for the complete filing of returns
- The course contains meticulously designed tax calculators that simplify complicated calculations to give instant results
- It is an easy to grasp guide for one and all
Key Features
- The course material has been prepared by CAS covering all the major relevant aspects. The course has tried to separate the grain from the chaff. The content is in simple language and does not need any prior knowledge.
- A unique and practically relevant course with certification from BSE Institute.
- The course will be delivered in the form of pre-recorded videos containing many PPTs and actual visuals of the I.T. portal along with all the important provisions.
- The course aims to make “self-assessment tax” actually self-assessable. You can file the ITR of your entire family after completing this course.
- This course makes you completely independent removing your dependency on professionals for life.
#5. Income Tax Certification course by ICA
The objective of I C A is to create trained manpower for the needs of industry in the fields of Accounts & Finance. They provide students with a comprehensive certified professional tax training program, offering high-quality training to equip them with the skills needed to successfully secure a professional tax consultant job in India. Apart from Income tax they also provide various courses on GST, accounting, Finance, etc. They provide their services from Chennai.
Course Content
They have a very vast curriculum, covering all the aspects of income tax but they have a special focus on the following topics
- Assessment of Partnership firm
- Assessment of company
- Assessment by ITD u/s 143(2), 144, 148, 153
- MAT
- AMT
- FOREIGN TAXATION (SPECIAL INCLUSION)
- Transfer Pricing Form 3CEB, Transfer pricing reporting
- Safe harbor Rule
- Relief u/s 90,90A,91
- 15CA, 15CB online filing
- Clubbing of income
- Set-off and carryforwards of losses
- TDS complete package TAN, Deposit, Online Return, Interest, Penalty
- Returns of Income u/s 139 from ITR-1 to ITR-7 for all assessee
- Trust Provision (Anonymous Donation)
- 197 v/s 197A i.e. 15G/H and 13
- Reason of Raids
- Settlement of Cases
- Agriculture Income
Key Features
- They have a very good reputation in Chennai.
- The course is provided face to face and also by online digital classes.
- They provide all the study material along with ;
- a)Supreme court Judgments
- b)PPT on topics
#6. Practical Indian Income Tax Course & Certification by Udemy
Udemy provides a large variety of taxation, financial, and management courses. This is their special course which has been prepared by two very renowned CAs, CA Swati Gupta and CA Raj Kumar Aggarwal who have received many awards and delivered sessions in many seminars.
Course Content
This course includes all the important provisions of the Indian Income Tax and focuses on provisions that are used very frequently in our daily practical life. The content is updated on a regular basis.
This course includes a brief of the following topics of Income Tax:-
- · Introduction of Indian Income Tax
- · Introduction of various Income Tax Returns forms(ITR)
- · Important Tax Saving Investment/Deductions or Tips
- · Calculation of Business Income under the Income Tax
- · Allowed & Disallowed business deduction
- · Depreciation under Income Tax
- · Books of Account & Document under Income Tax
- · Applicability of Audit under Income Tax
- · Presumptive Taxation scheme for small businessman/ professionals
All about TDS provisions, Important TDS rates, TDS Returns & Due dates of the TDS returns.
Key Features
This course includes;
30-Day Money-Back Guarantee
- 3.5 hours on-demand video divided into 2 sessions of 10 lectures
- 5 downloadable resources
- 2 practice tests
- Full lifetime access
- Access on mobile and TV
- Certificate of completion
#7. Income Tax Certification Course by CAclubindia
CA Club India is an interactive platform for CA’s, accountants, GST, finance, and law professionals. It is a huge reservoir of tax and finance-related information. It has been providing various online courses in its core expertise field. This course has been conceptualized by CA Raj k Aggarwal who is a renowned educator. He has authored several books for professional courses. Their primary focus is on enhancing student’s knowledge theoretically and practically as well as focused preparations to ensure success in the examinations and to achieve professional expertise.
Course Content
- How is the Residential Status of the assessee determined?
- Concept of Exempt Income under Income Tax Act, 1961.
- The different heads of income under the Income Tax Act, 1961.
- Salary
- House Property
- Profit and Gain From Business or Profession
- Capital Gain
- Income From Other Sources
- Concept of clubbing of Income
- Various deductions are available to an assessee.
- Computation of Total Income.
- Return of Income
- TDS and TCS
Key Features
- Total Length of Videos: 102.7 Hrs
- Expiry: 6 months 257 hours of viewing whichever is earlier from the date of registration.
- Videos are meant for web viewing only and cannot be downloaded. Videos are available in Full-Screen viewing
- Course/Subject purchased once cannot be canceled.
- An E-book of 417 pages to help you in revision and further studies.
- After completion of the course, you will have clarity of the different provisions of the Income Tax Act.
- The course covers all the latest updates made in the Income Tax Act with respect to the assessment year 20-21
- The course will help in tax planning to the following individuals:
- To salaried individuals
- People heading organizations
- Small traders
- MSMEs
#8. Practical Income Tax Course by IBA CLASSROOM AND ONLINE BOTH
IBA is a specialized portal for providing training in finance, marketing, FEMA, IFRS, IndAS, GST, Taxation, Audit, etc. It provides courses in both online and offline classroom mode.
Course content
- Income Tax Complete Process.
- Income from Salary
- Income from House Property
- Income from Business & Professions
- Income from Capital Gain
- Income from Other Sources
- Income Tax Exemptions.
- Income Tax deductions
- Presumptive Income calculation.
- Advance Tax Calculation
- Advance Tax interest calculation in Sec 234A, 234B, 234C.
- Computation of Taxation for Individual/Proprietorship Firm.
- Computation of Taxation under Presumptive income method
- Computation of Taxation of Partnership Firm.
- Computation of Taxation of Company.
- Computation of Taxation of Trust.
- AMT-Alternative Minimum Tax Concept and Calculation
- MAT-Minimum Alternate Tax Concept and Calculation.
- Deferred Tax Calculation Concept and Calculation
- Income and Corporate Tax Concept and Calculation.
- Income Tax Return Filing Form 1 to 7.
Key Features
- Practical Training- Practical training on live projects and Case studies of the companies.
- Career Support-Dedicated career support team to provide 100% Placement to all students
- Convenient Training- Convenient training facility of Classroom and Online, which can be attended anytime and from anywhere
- Affordable Fees-Training fees are affordable to all kinds of candidates and facilities to pay in easy installments.
- Focus on Quality- Dedicated students support team which takes student’s feedback after each topic.
- Support after Training- Lifetime support to all students through the latest industry updates and query resolution.
#9. A detailed practical course on Income Tax India by FinTaxPro
This course on “Practical Approach to Income Tax in India” contains a complete & detailed analysis with practical examples. All the relevant amendments up to Finance Act 2021 are covered in this course.
Course Content
It is a detailed practical course on Income Tax India, as amended by Finance Act 2021. By Fintaxpro Advisory LLP. Live ITR return filing. This course contains:- Introduction to Income Tax, Income Tax Return-1 (SAHAJ), Income Tax Return-2, Income Tax Return -3, Income Tax Return 4 (SUGAM), Income Tax Return 5, Restriction on Cash Transactions by Income Tax department,TDS and TCS, account finalization , Balance sheet preparation. The main focus is on ITR Filing.
Key Features
- This course includes:
- 17 hours on-demand video
- 28 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of completion
# 10. Direct Tax- Laws and Practice by Tezpur University and UGC via Swayam
This FREE 15-week course is run by Prof. (Dr.) Subhrangshu Sekhar Sarkar from Tezpur University and UGC via Swayam has a lot of learning points. Apart from the Income-tax act and allied laws it also focuses on governance and usage of the tax money by the government
Course Content
- Definitions and Basic Concepts – Income Tax Act, 1961
- Residential Status and Incomes Exempt from Tax
- Income from Salaries
- Income from House Property
- Profits and Gains of Business or Profession
- Capital Gains
- Income from Other Sources
- Deductions from Gross Total Income
- The pooling of Income and setting off & Carrying Forward of Losses
- Return of Income and Assessment
- Advance Tax payment and TDS/ TCS (Tax Deducted at Source/Tax Collected at source)
- Computation of Taxable Income of Individuals
- Computation of Taxable Income of Companies
- Appeals and Revisions
- Tax Planning
Key Features
- Free 15 Week Income Tax Course run by Tezpur University and UGC via Swayam
- Develop an overall understanding of the direct taxation system of India
- Learn to compute Income Tax
- Receive knowledge of tax planning and tax management
- Become capable of preparing income tax returns
- Start a journey towards becoming a tax consultant
- There is an internal evaluation of 30 marks and an external evaluation of 70 marks.
Conclusion
In these days of partial lockdown when most of the educational institutions are closed for classroom teaching, these online teaching portals have come to our rescue. They provide us quality training at a very affordable cost and at the comfort of our home. We can acquire new skills and utilize this time in a very constructive manner. Hope you will find the course which suits you best and get ready for your new employment in this fascinating world of income tax.
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