A sample financial statements will be provided to you during the training session and based on those financial statements, the trainer will show you how to calculate company tax.

During calculating company tax, you will learn which items shall be considered for disallowances, how to calculate excess perquisite, how to calculate minimum tax, when a company shall pay minimum tax, what will be the treatment under section 30B etc.

After completing the calculation of taxable income and tax liability, you will learn how to prepare tax return form and which documents shall be included with the corporate tax return to the tax circle. So, you have understood that a complete solution will be delivered in the day long training program “Company Tax Calculation and Return Preparation”.

Resources

Main attraction of this course is that you will get the soft excel copy of company tax calculation and company tax return form which will help you to calculate in your company tax and to prepare the tax return! And also, the sample copy of the financial statements based on which the corporate tax calculation will be shown in the training program.

Learning Outcomes

You will learn practically as we discussed in the above which will be covered in total 10 classes consist of two hours each. Day-wise learning areas are provided below in bullet points.

• 03 Important definitions that shall know to calculate company tax
• Which are considered for fully income from business
• Which are considered for partly income from business
• What you will do in case of un-explained investment/deemed to be income
• Allowable deductions or admissible expenses during calculation of company tax
• Inadmissible expenses that shall be included with the taxable income of the company
• Method of accounting that shall be followed by the business
• What is the income in certain cases?
• What shall be the treatment of set off and carry forward
• Which are separate items considerations during corporate tax calculation
• Taxable income and tax liability calculation with practical example from financial statements
• Return preparation in excel format

Curriculum