Taxation

Syllabus:
Subjects:
Concepts of the Subjects
Sale to Government
Sales to Registered dealer and exempted transactions
Definition Agriculture Income
Previous year- Assess- Assessment year- Person- Principal Office- Deemed Income- Income exempt from Tax
Liability to central Sales tax
Quantum of sales tax-Procedure and forms under the CST act
Introduction to service Tax Law
Meaning, Definition and Concepts
Procedure for assessment
Filling of returns- Collection a refund of Tax- Deduction of tax at source- Advance payment of tax- Tax Credit Certificate
Assessment in Various cases
Liability of tax of persons- firms- Hindu undivided family- private company- Appointment and powers of authorities recovery act
Important Subjects:
Apart from above subjects we provide some other important subjects of Diploma in Taxation course.
Computation of Income from salary
Assessment of Partnership & Joint stock companies
Deduction from gross total income
Assessment of individuals
Computation of Income from business or profession
Computation of Income from House property

To become an Income Tax Officer, one should first of all enter the Income Tax Department as Income Tax Inspector or Tax Assistant. Then they can get promotion to the designation of Income Tax Officer after qualifying the departmental examination. First step required for joining as Income Tax Inspector or Tax Assistant is to qualify Combined Graduate Level examination. After that, personal interview is there for Income Tax Inspector post and Skill test is there for Tax Assistant post. Interested aspirants can apply for this All India Level competitive exam either online or offline. Eligibility requirements
Educational requirements - Aspirants who want to appear for the written examination should complete their graduation (any discipline) from any University/College approved by University Grants Commission (UGC). Age requirements - Maximum age limit specified to apply for the written examination is 27 years while minimum age limit is 18 years. Upper age relaxation of 3 years will be given for OBC candidates while 5 years will be given for SC/ST candidates. Exam Pattern
Written Examination - Two separate sections are there in the written examination that is Tier I and Tier II. Those who get qualified in Tier I can appear for Tier II examination. Duration specified to complete Tier I is 2 hours while for Tier II is 4 hours. Subjects included in Tier I are
General Intelligence + Reasoning
General Awareness
Numerical Aptitude
English Comprehension
A total of 200 marks is specified for this section which is divided equally among these subjects. Tier II includes the following subjects with 200 marks each. Arithmetical Abilities
English Language and Comprehension
Total 100 questions will be there for Arithmetical Abilities while English Language and Comprehension include total 200 questions. Candidates can score 1 mark for each right answer while they will lose 0.25 marks for each wrong answer. Final Selection
Interview - Interview will include questions which test the personality of the candidates. There may be questions regarding the Income Tax Department, Corruption and other scenarios related to Taxation. A total of 100 marks are specified for the personal interview.