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PGBP

The document outlines a series of training sessions focused on the application of tax provisions related to income under the heads of 'Profits and Gains from Business and Profession' and 'Salary'. It covers topics such as admissibility of deductions, chargeability of income, Income Computation and Disclosure Standards (ICDSs), and the maintenance of books of accounts. Each session is led by Sh. Deswal and includes detailed discussions on specific sections of the tax act.

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rakshit772244
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23 views1 page

PGBP

The document outlines a series of training sessions focused on the application of tax provisions related to income under the heads of 'Profits and Gains from Business and Profession' and 'Salary'. It covers topics such as admissibility of deductions, chargeability of income, Income Computation and Disclosure Standards (ICDSs), and the maintenance of books of accounts. Each session is led by Sh. Deswal and includes detailed discussions on specific sections of the tax act.

Uploaded by

rakshit772244
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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(i) To develop an understanding for the application

of provisions of sections 30 to 37 to determine


Income under the head whether any particular expenditure / payment
2:30 PM 3:30 PM Profits and Gains from would be admissible as deduction while computing Sh. Deswal
Business and profession total income

Thursday 24/04/2025
(i) To develop a knowledge for the application of
conditions laid down in u/s 40 & 40A to determine
Income under the head whether a particular expenditure/ payment would
3:45 PM 4:45 PM Profits and Gains from be admissible/ inadmissible as deduction while Sh. Deswal
Business and profession computing income under this head;

To understand the
(i) Basis and chargeability along-with conditions of
chargeability of tax, as per the provisions of section
Income under the head 28 of the Act. (ii) To understand how to examine
11.00 AM 12:00 PM Profits and Gains from whether a particular income would be chargeable to Sh. Deswal
Business and profession tax under the head “Profits and gains of business or
profession” by analysing the provisions of section 28
(iii) To understand the meaning of Business and
Friday 25/04/2025 Profession.
(i) To understand how to comprehend the “Income
Computation and Disclosure Standards” (ICDSs) and
analyse and apply these standards to determine the
Income under the head income chargeable to tax under this head (ii) To
12:15 PM 1:15 PM Profits and Gains from understand the meaning of Depreciation, conditions Sh. Deswal
Business and profession of allow-ability of depreciation as an expense as per
IT Act and the rates as prescribed for different
assets.
To understand the provisions of section 44AA and
44AB for the maintenance of books of accounts &
compulsory audit thereof. (i) To understand
Income under the head applicability of presumptive tax provisions contained
Profits and Gains from in sections 44AD, 44ADA & 44AE (ii) To determine
Monday 28/04/2025 12:15 PM 1:45 PM Sh. Deswal
Business and profession (2 whether an assessee engaged in a business,
SESSIONS) profession or plying, hiring or leasing goods carriages
can opt for such presumptive taxation schemes. (iii)
To understand the basics of valuation requirements

(i) Basis of charge of salary income as per the Sh. Deswal


provisions of section 15 of the Act. (ii) Salary income
0.604167 0.645833333 Income under Head Salary how and when to tax. Various terms under head
“Salary” fully taxable or not : To understand various
allowances whether they are fully taxable or exempt
upto which extent.
Perquisites under head “ Salary “ : To understand the Sh. Deswal
Tuesday 29/04/2025 term perquisites. Whether it is taxable or not.
Deductions permissible under head “ Salary” : To
understand various types of deductions permissible
0.65625 0.697916667 Income under Head Salary as per the provisions of section 16 of the Act. To
understand how to compute problems based on
salary income with permissible deductions and tax
thereon.

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