Fundamentals of Taxation
Learn Fundamentals of Taxation, the act governing Income Tax, definitions and conditions of the act, and crucial terminologies that form a part of taxation. Understand Tax Planning, Avoidance, and Evasion concepts online.
What you learn in Fundamentals of Taxation ?
About this Free Certificate Course
This Fundamentals of Taxation course will begin with a brief overview of the course, explaining the basic meaning of tax and the different types of tax. After that, you will be introduced to a brief history of the act governing the Income Tax Law in India, viz. Income Tax Act 1961. After this, you will learn some of the basic terminologies of taxation and some crucial definitions that are included in the aforementioned Act. Having completed these basics, you can now take it a step further and learn about the various heads of Income as defined in the Act, the difference between Tax planning, avoidance, and evasion, and the meaning of residential status for the purpose of the Act. You will then come to a close with a quick recap of what you have learned throughout.
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Course Outline
You will gain insights into taxation by learning what tax means and how we define it. You will also walk through some real-life examples for a better understanding.
This module will introduce you to the two different types of tax, their meaning, and how all the different taxes can be categorized under these two categories.
This module aims to take you through a preliminary understanding of the Income Tax Act 1961, a brief history of the act, and its role in the field of income tax, a type of direct tax.
This module will introduce you to some of the basic terminologies that are crucial to Direct Tax. By the end of this module, you will be well versed in the meaning of Financial year, Assessment year, Previous year, and the meaning of Income Tax as defined by the Income Tax Act 1961.
You will learn Section 2(31) of the Income Tax Act, which aims to define the meaning of a Person and who is deemed to be included within the definition, for the purpose of this Act.
With this course, you get
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Completion Certificate
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1.0 Hours
of self-paced video lectures
Frequently Asked Questions
What are the prerequisites required to learn this Fundamentals of Taxation Course?
Fundamentals of Taxation is an entry-level course in the world of Taxation and assumes little or no prerequisites.
How long does it take to complete this free Fundamentals of Taxation Course?
This course has approximately 57 minutes of video lectures that the learner can complete at their own discretion. You can learn it at your leisure since the course is self-paced.
Will I have lifetime access to the free course?
Yes, this course comes with lifetime free access and can be accessed for your learning from anywhere, at any time.
What are my next learning options after this Fundamentals of Taxation Course?
This Fundamentals of Taxation Course enables you to build a strong foundation in the taxation domain. To further deepen your understanding, various advanced courses are available which can now be comfortably approached. You can also learn from the Post-Graduate Program in Management.
Is it worth learning Fundamentals of Taxation?
A good foundation for taxation can serve as an important platform that can eventually aid you in developing sound taxation knowledge. You will be able to evaluate your income and take appropriate measures in time to reduce your tax burden to a great extent. This will also help in reducing your dependencies on others in the field. Besides, with the rising economy, taxation also offers several lucrative career opportunities such as Tax Accountant, Tax Analyst, Financial Advisor, Auditor, etc.
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Free Taxation Course
Are you looking to learn more about fundamentals of taxation? Great Learning has you covered! We offer a free online tax course with a certificate that covers the fundamentals of taxation. Our course is designed to provide a comprehensive overview of taxation and the ways it impacts businesses and individuals.
The free online tax course with a certificate is tailored to provide the necessary information to help you understand the basics of taxation. We cover topics like the structure of taxation systems, tax laws, forms of taxes, and how to prepare and file returns. We also discuss how to use tax planning strategies to reduce tax liability and optimize your wealth.
The course is packed with engaging content that is easy to follow and understand. We use a variety of methods to ensure you absorb the material, including video tutorials, interactive quizzes, and downloadable resources. Our expert instructors guide you through the course and provide helpful feedback along the way.
The course is organized into different modules, each of which covers a different aspect of taxation. Each module begins with an introduction and progresses to more advanced topics. You'll have the opportunity to complete assignments and participate in discussions to test your understanding of the concepts.
At the end of the course, you'll have a thorough understanding of the fundamentals of taxation. You'll be able to identify the different types of taxes and explain the importance of proper tax planning. You'll have the knowledge and skills to prepare and file taxes with confidence.
Plus, you'll receive a certificate of completion upon completing the course. The certificate is an excellent way to demonstrate your knowledge of the fundamentals of taxation to potential employers or business partners.
Great Learning's free online tax course with a certificate is an ideal way to get started on your journey to mastering the fundamentals of taxation. Sign up today and start learning!