CFPCM Certification

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MODULE OUTLINE

PART I

INTRODUCTION
SCOPE OF TOTAL INCOME AND RESIDENTIAL STATUS
INCOME EXEMPT FROM TAX

PART II

INCOME FROM SALARIES
INCOME FROM HOUSE PROPERTY
CAPITAL GAINS
PROFITS AND GAINS OF BUSINESS AND PROFESSION
INCOME FROM OTHER SOURCES
TAX COMPUTATIONS

PART III

INTRODUCTION TO TAX PLANNING & TAX RELIEF
TAX MANAGEMENT TECHNIQUES
TAX COMPLIANCE MATTERS

PART IV
ESTATE PLANNING

Detail Contents

PART 1
CHAPTER 1
INTRODUCTION

1. Income Tax Mechanism in India
2. Basic concepts 1. Person 2. Assessee 3. Assessment year 4. Previous year 5. Rates of Tax 6. Accounting Method 7. Capital and Revenue Receipts 8. Income 9. Casual Income
3. Permanent account number

CHAPTER 2
SCOPE OF TOTAL INCOME AND RESIDENTIAL STATUS

1. Definition of total income
2. Residential Status
3. Importance of residential status
4. Basic rule for determining residential status 1. Individual 2. HUF 3. Firms and association of person 4. Company 5. Every other person
5. Scope of income as per residential status 1. Resident 2. Not ordinarily resident 3. Non resident
6. Various kinds of income 1. Income received in India 2. Income deemed to be received in India 3. Income accruing or arising in India 4. Income deemed to be accrue or arise in India

CHAPTER 3
INCOME EXEMPT FROM TAX

1. Understanding exempted income
2. Classification of exempted income 1. Fully exempted income 1. Income in the hands of an individual 2. Income of certain authorities 3. Income of non citizens 4. Income of non residents 5. Miscellaneous income 2. Partially