Course Details

Taxation ( Indian & U.S )

FINANCE


Provider Name             :    GlobalOne Services

Course Type               :    Hybrid

Duration (Hrs)             :    75

Hours/day                 :    3

Training Type             :    Hybrid

Certification               :    yes

Orginal Price               :    20000/-

Discount Price             :    16000/-

No.of. vacancies         :    300

Last date to apply     :      2024-12-01


Full Information

Course Description

The Taxation Course (Indian and U.S.) offers an in-depth understanding of tax principles, laws, and practices in both India and the United States. This course covers key aspects of income tax, corporate tax, GST (Goods and Services Tax), and various tax regulations applicable in India, as well as federal and state tax systems, income tax brackets, deductions, and credits in the U.S. Through case studies, practical examples, and tax calculations, participants will gain essential skills to handle taxation issues in both jurisdictions. This course is ideal for students, professionals, and business owners looking to navigate the complexities of Indian and U.S. tax codes effectively.

Topics to be covered

Module 1: Introduction to Taxation Systems Overview of Taxation Principles and History Tax Terminologies and Basic Concepts Differences between Direct and Indirect Taxes Roles and Responsibilities in Tax Compliance and Planning

Module 2: Indian Tax System Income Tax in India: Taxable Income, Tax Slabs, and Exemptions Income from Salaries, House Property, Business, and Other Sources Deductions under Sections 80C, 80D, 80G, etc. Corporate Tax: Corporate Tax Rates, Minimum Alternate Tax (MAT), and Tax Incentives Filing Procedures and Due Dates GST (Goods and Services Tax): Overview of GST, Types (CGST, SGST, IGST) GST Registration, Returns, and Compliance Input Tax Credit (ITC) and Reverse Charge Mechanism Capital Gains and Other Taxes: Short-term and Long-term Capital Gains Tax TDS (Tax Deducted at Source) and Advance Tax

Module 3: U.S. Tax System Federal Income Tax: Overview of IRS, Tax Brackets, and Filing Status Income Sources: Wages, Business, Rental, and Investment Income Tax Credits and Deductions (Earned Income Credit, Child Tax Credit) State and Local Taxes: Differences in State Taxation Systems Common State Deductions and Exemptions Corporate Taxation: Federal Corporate Tax, C-Corporation and S-Corporation Taxation Understanding Deductions, Credits, and Depreciation Sales and Property Taxes: Overview of U.S. Sales Tax and VAT (for Foreign Transactions) Property Taxes: Calculations and Impact on Individuals and Businesses

Module 4: International Taxation and Treaties Double Taxation Avoidance Agreement (DTAA): Overview and Application Cross-border Transactions and Tax Implications Tax Planning for Non-Resident Indians (NRIs) and Foreign Nationals Foreign Tax Credit and Treaty Benefits

Module 5: Tax Compliance and Filing Process Tax Filing Procedures in India (Income Tax Return Filing, GST Returns) Tax Filing in the U.S. (Form 1040, State Filings, Corporate Returns) Tax Software Tools and Online Filing Platforms Deadlines, Penalties, and Amendments

Module 6: Tax Planning and Management Strategies for Tax Planning and Saving Investment Planning and Tax Benefits Tax Implications of Investments in Real Estate, Mutual Funds, and Stock Markets Estate and Inheritance Tax Planning (U.S. Specific)

Module 7: Practical Tax Calculations and Case Studies Case Studies on Income Tax Calculation (Individual and Corporate) Hands-On GST and Sales Tax Calculation Scenarios Practical Exercises on Tax Filing and Documentation Analyzing Tax Documents and Financial Statements

Module 8: Tax Audit and Ethics Overview of Tax Audits and Preparation Understanding Common Audit Issues and Red Flags Ethical Practices and Responsibilities in Tax Profession Tax Avoidance vs. Tax Evasion

Benefits of Course

This Taxation Course (Indian and U.S.) prepares you to navigate and manage the tax requirements of two major economies. With knowledge of income, corporate, and indirect taxes, along with skills in tax planning, you’ll be equipped to handle complex tax situations for individuals and businesses alike. The course provides hands-on training in filing tax returns, compliance, and tax-saving strategies, enhancing your career prospects in accounting, finance, and international business. By understanding the distinctions between Indian and U.S. tax systems, you will be able to make informed decisions and offer valuable tax guidance across borders.

Pre-Requirements

None