Practical Classes
PKR Institute Courses provides Income Tax Return Classes to assist business owners in filing tax returns. In these income tax return classes, certified and experienced trainers will teach you the most commonly asked questions regarding filing income tax returns and how to prepare them to ensure a successful and timely submission.
This course will teach you how to:
- Identify your corporation’s primary source of income and prepare all required income tax forms.
- Identify your business insurance expenses and claim deductions for them.
- Complete the income tax form and calculate all the necessary information using a computer program or calculator.
- File the income tax return and ensure that every required form and information has been submitted.
- Correct any errors that occur in the filing of your income tax return.
- How to PAN Apply
PKR Institute Courses provides how-to PAN Apply classes to teach you how to apply for a Permanent Account Number (PAN). In this course, certified and experienced trainers will give you a step-by-step process guide. You will learn everything you need to know about getting your PAN, including where and when to apply and how to complete the application itself.
- ITR – 1 to 7
ITR (Income Tax Return) classes will teach you how to complete all your income tax forms for the relevant year. In this course, certified and experienced trainers will guide you through the entire process of getting your ITRs completed and filed. You will learn everything you need to know about filling up ITRs for various years, including
- Identifying all your source of income for the relevant years.
- Identifying all your expenses that are deductible from your taxable income.
- Calculating all the necessary information with the help of a computer program or calculator.
- Completing all relevant forms and including all necessary attachments in your ITR.
- Submitting your income tax returns to the Income Tax Department.
- Chapter VI A Deduction
Deduction is a type of credit a business owner can claim against their taxable income. The deduction may be claimed for different business expenses, such as
The cost of goods sold is the money used to purchase inventory or raw materials from which we make or sell items. In other words, the money that we use to purchase the merchandise. PKR Institute Courses provides the following A Deduction class teaches you:
- Track all your inventory transactions as they relate to different departments in your business.
- Calculate and report all the profits made on different kinds of items.
- Calculate the cost of your inventory that you can later use to calculate your Cost of Goods Sold.
- Calculate the value of inventory you need to sell at different times.
- Set up a master template for the Cost of Goods Sold and generate reports on them.
- How to Incorporate Partnership Firm
PKR Institute Courses provides How to Incorporate Partnership Firm classes, which will teach you how to incorporate a partnership firm in India.
You will learn how to register your company and open a bank account with the help of accounting software, such as XP Accounting. In this course, certified and experienced trainers will give you all the information you need regarding getting started as a partnership business in India.
- How to Incorporate Proprietorship Firm
PKR Institute Courses provides How to Incorporate classes to assist business owners in incorporating their corporations. In this course, certified and experienced trainers will guide you through the incorporation process, from forming a business entity to completing incorporation. They will teach you everything you need to know about incorporating a new business entity.
- How to Incorporate Trust
In this module, you will learn how to incorporate Trust. A Trust is a legal entity controlled by one or more people and can be used as a saving account, lending institution, or property.
- How to Company Incorporate
This module will teach you how to incorporate a company. A company is a legal entity that owns the property and the owner’s business activities.
- ROC Work
The Register of Companies is a central resource responsible for maintaining records of all businesses in India. The register has an online facility that can be accessed through the Internet. This module will teach you how to obtain registers and their services.
- How to Check 26AS
The form 26AS is where a taxpayer can find all of their tax-related information, including the details of tax deducted at source (TDS), tax collected at source (TCS), advance tax paid by the taxpayer, information regarding income tax refunds, and information regarding tax deducted on the sale of immovable property, amongst other details.
PKR Institute Courses provides how-to Check 26AS classes to teach you how to access and use the form for your tax reporting needs. In this course, certified and experienced trainers will teach you everything you need to know about completing and filing your form 26AS.
- How to Check AIS
The Annual Information Statement, sometimes known as the AIS, is a statement that includes detailed information. PKR Institute Courses provides how-to Check AIS classes to teach you how to access and use the form for your tax reporting needs. In this course, certified and experienced trainers will teach you everything you need to know about completing and filing your AIS form.
Tax Collected at Sources (TCS)
Practical in Govt. Portal
This specialization training on TCS (Tax Collected at Sources) encompasses step-by-step guidance, from filing through the TCS portal to processing refunds. Participants will be guided through step-by-step procedures for using these services, understanding various features and forms, and exploring features on their own so that they build familiarity with this process.
Participants will understand the purpose of TCS and how to use the portal to process tax information online. Participants will also gain an understanding of the service available and will be able to access their tax information and check for any errors or discrepancies.
Participants will understand the permissions required to use each service and how to find specific information through the TCS portal. Participants can complete a transaction from beginning to end, including completing forms and submitting payments online.
- Introduction
In this part of the TDS training, we discuss the fundamental concepts of TDS for various types of income. The topics covered in this session include
- The goals of income tax are as follows:
- The importance and function of a tax audit.
- The basic laws and regulations related to income tax.The definition and calculation process that is followed to determine taxes.
- Two types of taxes are based on their nature: Direct and indirect taxes.
- TCS Section
This section of the TDS training provides you with some information on the TCS (Tax Collected at Source) and examples of how this is applied in different scenarios. The topics covered are
- The fundamentals of TCS.
- Important factors must be considered while applying the TCS.
- Examples of applications of this system in various scenarios.
- TCS Challan
The topics covered in this part of the TDS training include:
- Criteria for filing the TCS Challan.
- The respective rates for different kinds of income.
- Information related to payments and remittances made on behalf of individuals.
- The information that is included in a TCS Challan.
- MIS of TCS
This module will teach you the MIS (Management Information System) of TCS (Tax Collected at Sources). The MIS looks after the whole system of filing taxes. Management information systems are responsible for the control and delivery of critical company data. MIS has the ongoing struggle of change and expansion to keep up with the ever-evolving requirements of the railroad industry.
Practical in Govt. Portal
This expertise course on TDS (Tax Deducted at Source) encompasses step-by-step instructions from Basics to Practical of TDS, such as Basic Concepts, Various TDS Procedures, TDS on Expenditures at Lower, Zero, and Higher Rates, TDS Challan, eFiling Form. It is highly recommended for those interested in the Accounting, Finance, MIS, Data Analysis, Tax, and Business Management Sectors.
- Introduction of TDS
This module will teach you about the TDS (Tax Deducted at Source) system. This module covers various examples of tax deducted at source and its importance, TDS Basis(Basic Concepts), Taxable Transactions, Gross Receipts from Business, Taxable Value of Goods & Services, and Expenditure out of Taxable Value, etc.
- TAN Apply
Tax Deduction Account Number (TAN) is how a taxpayer’s tax deducted at source is added to their GST account. PKR Institute will help you to understand what a TAN is and how it can be applied.
- TDS Rates
This module will teach you the TDS rates. You will learn the rates of tax deducted at source, such as –zero and higher rate, lower, and zero rate for the first time.
- TDS Challan
This module will teach you about preparing a TDS Challan from the journals, invoices, and sales documents required to be submitted to PKR Institute. A TDS Challan is the last step in deducting tax concerning purchase transactions related to the taxpayer.
- TDS Sections 192 to 195
It will teach you TDS sections 192 to 195 with practical examples. - TDS Returns 24Q & 26Q
This module will teach you about the TDS Returns, 24 (TDS) Form, and 26 (TDS) Form and how to fill these forms.
- TDS Certificates
At last, you will learn about the TDS Certificate issued by PKR Institute. It will include a detailed explanation of all the procedures to get it and what you need to include in your GST account.