Tax Planning Strategy (Module #2) - Income Details

In this module on Tax Planning Strategy series, you will be learning Income from House Property, Income from Other Sources, Clubbing of Income and Capital Gains, Income from Salary, Income from Profits and Gains

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 3h 25m | 29 Videos | 76565 Views |   All Levels

Tax Planning Strategy (Module #2) – Income Details:

Tax planning is the skill of arranging your affairs in ways that postpone or avoid taxes. By employing effective tax planning strategies, you can have more money to save and invest or more money to spend. Tax planning helps you gain better control of your money by estimating your taxable income, hence your likely tax liability for the next year. This way you can avoid both underpayment and overpayment.
Through this course we would be understanding the following sections;
Income from House Property- Here you shall understand house property- taxability conditions, composite rent, house property, gross annual value and deduction from income from house property.
Income from Other Sources- In this section we shall focus on deductions not allowed, taxation of gifts received, numerical examples and examples of income from other sources.
Clubbing of Income and Capital Gains- Here we are learning clubbing of income, capital gains-capital assets and transfer and examples of capital gains.
Income from Salary- In this section we focus on the salary payment that are partially taxable, example of salary payment that are partially taxable, allowances that are fully taxable.
Income from Profits and Gains – Here we are going to understand about Income from Profits and Gains, their tax calculations with the help of examples.

Tax Planning Learning Objectives:

• To learn concepts of planning taxation
• To learn the tax characteristics of business firms

Tax Planning Target Audience:

• Students
• Professionals
• Anyone who wants to learn basics tax planning

Tax Planning Learning Objectives:

• Passion to learn
• Basic knowledge of accounts
• Ability to Analyze and Implement

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