Tally Prime ITR Filing Course

Module 4:

TDS & TCS

Introduction to Tax Deducted at Source (TDS)
TDS configuration and ledger creation
TDS on applicable payments
TDS deduction and accounting entries
TDS payable and payment entries
TDS return concepts and reconciliation
Introduction to Tax Collected at Source (TCS)
TCS calculation and accounting entries
Practical TDS and TCS examples

Module 5: Advanced Accounting

Cost centres and cost categories
Bill-wise details and outstanding reports
Accounts receivable and payable
Credit management
Interest calculation
Bank reconciliation statement (BRS)
Petty cash and expense management
Fixed assets and depreciation
Purchase and sales order processing
Manufacturing and stock journal entries
Budgeting and financial reports

Module 6: Inventory & Stock Management

Stock groups and stock categories
Stock item creation and units of measurement
Godowns and locations
Batch-wise inventory management
Stock valuation and stock summary
Purchase and sales order tracking
Inventory adjustments
Reorder levels and stock reports

Module 7: Payroll & Statutory Compliance

Introduction to Payroll Management
Employee Creation and Employee Groups
Employee Master Configuration
Pay Heads and Salary Components
Salary Structure and Salary Calculation
Attendance and Production Details
Attendance Voucher Entry
Payroll Voucher Creation
Monthly Salary Processing
Basic Salary, HRA, DA and Allowances
Overtime and Incentive Calculations
Employee Deductions and Salary Adjustments
Provident Fund (PF) Concepts
Employee State Insurance (ESI) Concepts
Professional Tax (PT) Concepts
Income Tax Deduction from Salary (TDS)
Payroll Reports and Salary Statements
Payslip Creation and Printing
Employee Pay Register
Payroll Accounting Entries
Salary Payment through Bank
Payroll Data Verification and Reconciliation
Practical Monthly Payroll Project

Module 8: Income Tax Return (ITR) Filing

Introduction to income tax and ITR filing
PAN, Aadhaar and taxpayer information
Financial year and assessment year
Salary income and Form 16
Income from house property
Income from other sources
Business and professional income basics
Deductions and taxable income calculation
Old and new tax regime concepts
Form 26AS and Annual Information Statement (AIS)
Taxpayer information and tax credit verification
Introduction to ITR-1, ITR-2, ITR-3 and ITR-4
Selecting the appropriate ITR form
Preparing income tax computation
Online and offline ITR filing workflow
Tax calculation, validation and error checking
E-verification and acknowledgement
Refund status and return tracking
Practical ITR case studies using sample data

Module 1: Accounting Fundamentals

Introduction to Accounting
Meaning, Objectives and Importance of Accounting
Types of Accounting: Financial, Cost and Management Accounting
Basic Accounting Terminology
Assets, Liabilities and Capital
Income, Expenses, Profit and Loss
Accounting Principles and Concepts
Accounting Equation
Types of Accounts: Personal, Real and Nominal
Golden Rules of Accounting
Debit and Credit Rules
Double-Entry Bookkeeping System
Source Documents: Bills, Invoices, Receipts and Vouchers
Journal Entries and Transaction Recording
Ledger Accounts and Posting
Cash Book and Petty Cash Book
Purchase and Sales Transactions
Cash and Credit Transactions
Purchase Returns and Sales Returns
Discount Allowed and Discount Received
Trial Balance Preparation
Bank Reconciliation Statement (BRS)
Depreciation and Fixed Assets
Outstanding and Prepaid Expenses
Accrued Income and Income Received in Advance
Rectification of Errors
Trading Account Preparation
Profit and Loss Account
Balance Sheet Preparation
Financial Statements and Basic Financial Analysis

Module 2:

Tally Prime Fundamentals

Introduction to Tally Prime Software
Features and Benefits of Tally Prime
Tally Prime Interface and Navigation
Create, Select and Alter a Company
Company Configuration and Settings
Financial Year and Books Beginning Date
Company Features and Accounting Preferences
Create, Alter and Display Accounting Groups
Ledger Creation, Alteration and Deletion
Predefined and User-Defined Groups
Opening Balance Entry
Voucher Types and Voucher Configuration
Accounting Voucher Entry
Contra Voucher
Payment Voucher
Receipt Voucher
Journal Voucher
Sales Voucher and Sales Invoice
Purchase Voucher and Purchase Invoice
Debit Note and Credit Note
Cash and Credit Transactions
Inventory and Accounting Integration Basics
Invoice Printing and Configuration
Narration and Voucher Alteration
Day Book and Cash Book
Ledger Reports and Trial Balance
Profit and Loss Account
Balance Sheet
Outstanding Receivables and Payables
Data Backup and Restore
Company Data Management and Security
Exporting and Printing Reports
Practical Business Accounting Project

Module 3:

GST Accounting & Returns

Introduction to GST: CGST, SGST and IGST
GST registration concepts and GSTIN
GST ledger and tax configuration
HSN/SAC codes and tax rates
GST sales and purchase invoices
Input Tax Credit (ITC)
Reverse Charge Mechanism (RCM)
GST adjustments and reconciliation
GSTR-1 preparation
GSTR-3B preparation
GST reports and return verification
E-invoicing and e-way bill concepts
Practical GST accounting exercises

Module 4:

TDS & TCS

Introduction to Tax Deducted at Source (TDS)
TDS configuration and ledger creation
TDS on applicable payments
TDS deduction and accounting entries
TDS payable and payment entries
TDS return concepts and reconciliation
Introduction to Tax Collected at Source (TCS)
TCS calculation and accounting entries
Practical TDS and TCS examples

Module 5: Advanced Accounting

Cost centres and cost categories
Bill-wise details and outstanding reports
Accounts receivable and payable
Credit management
Interest calculation
Bank reconciliation statement (BRS)
Petty cash and expense management
Fixed assets and depreciation
Purchase and sales order processing
Manufacturing and stock journal entries
Budgeting and financial reports

Module 6: Inventory & Stock Management

Stock groups and stock categories
Stock item creation and units of measurement
Godowns and locations
Batch-wise inventory management
Stock valuation and stock summary
Purchase and sales order tracking
Inventory adjustments
Reorder levels and stock reports

Module 7: Payroll & Statutory Compliance

Introduction to Payroll Management
Employee Creation and Employee Groups
Employee Master Configuration
Pay Heads and Salary Components
Salary Structure and Salary Calculation
Attendance and Production Details
Attendance Voucher Entry
Payroll Voucher Creation
Monthly Salary Processing
Basic Salary, HRA, DA and Allowances
Overtime and Incentive Calculations
Employee Deductions and Salary Adjustments
Provident Fund (PF) Concepts
Employee State Insurance (ESI) Concepts
Professional Tax (PT) Concepts
Income Tax Deduction from Salary (TDS)
Payroll Reports and Salary Statements
Payslip Creation and Printing
Employee Pay Register
Payroll Accounting Entries
Salary Payment through Bank
Payroll Data Verification and Reconciliation
Practical Monthly Payroll Project

Module 8: Income Tax Return (ITR) Filing

Introduction to income tax and ITR filing
PAN, Aadhaar and taxpayer information
Financial year and assessment year
Salary income and Form 16
Income from house property
Income from other sources
Business and professional income basics
Deductions and taxable income calculation
Old and new tax regime concepts
Form 26AS and Annual Information Statement (AIS)
Taxpayer information and tax credit verification
Introduction to ITR-1, ITR-2, ITR-3 and ITR-4
Selecting the appropriate ITR form
Preparing income tax computation
Online and offline ITR filing workflow
Tax calculation, validation and error checking
E-verification and acknowledgement
Refund status and return tracking
Practical ITR case studies using sample data

Module 1: Accounting Fundamentals

Introduction to Accounting
Meaning, Objectives and Importance of Accounting
Types of Accounting: Financial, Cost and Management Accounting
Basic Accounting Terminology
Assets, Liabilities and Capital
Income, Expenses, Profit and Loss
Accounting Principles and Concepts
Accounting Equation
Types of Accounts: Personal, Real and Nominal
Golden Rules of Accounting
Debit and Credit Rules
Double-Entry Bookkeeping System
Source Documents: Bills, Invoices, Receipts and Vouchers
Journal Entries and Transaction Recording
Ledger Accounts and Posting
Cash Book and Petty Cash Book
Purchase and Sales Transactions
Cash and Credit Transactions
Purchase Returns and Sales Returns
Discount Allowed and Discount Received
Trial Balance Preparation
Bank Reconciliation Statement (BRS)
Depreciation and Fixed Assets
Outstanding and Prepaid Expenses
Accrued Income and Income Received in Advance
Rectification of Errors
Trading Account Preparation
Profit and Loss Account
Balance Sheet Preparation
Financial Statements and Basic Financial Analysis

Module 2:

Tally Prime Fundamentals

Introduction to Tally Prime Software
Features and Benefits of Tally Prime
Tally Prime Interface and Navigation
Create, Select and Alter a Company
Company Configuration and Settings
Financial Year and Books Beginning Date
Company Features and Accounting Preferences
Create, Alter and Display Accounting Groups
Ledger Creation, Alteration and Deletion
Predefined and User-Defined Groups
Opening Balance Entry
Voucher Types and Voucher Configuration
Accounting Voucher Entry
Contra Voucher
Payment Voucher
Receipt Voucher
Journal Voucher
Sales Voucher and Sales Invoice
Purchase Voucher and Purchase Invoice
Debit Note and Credit Note
Cash and Credit Transactions
Inventory and Accounting Integration Basics
Invoice Printing and Configuration
Narration and Voucher Alteration
Day Book and Cash Book
Ledger Reports and Trial Balance
Profit and Loss Account
Balance Sheet
Outstanding Receivables and Payables
Data Backup and Restore
Company Data Management and Security
Exporting and Printing Reports
Practical Business Accounting Project

Module 3:

GST Accounting & Returns

Introduction to GST: CGST, SGST and IGST
GST registration concepts and GSTIN
GST ledger and tax configuration
HSN/SAC codes and tax rates
GST sales and purchase invoices
Input Tax Credit (ITC)
Reverse Charge Mechanism (RCM)
GST adjustments and reconciliation
GSTR-1 preparation
GSTR-3B preparation
GST reports and return verification
E-invoicing and e-way bill concepts
Practical GST accounting exercises

Module 4:

TDS & TCS

Introduction to Tax Deducted at Source (TDS)
TDS configuration and ledger creation
TDS on applicable payments
TDS deduction and accounting entries
TDS payable and payment entries
TDS return concepts and reconciliation
Introduction to Tax Collected at Source (TCS)
TCS calculation and accounting entries
Practical TDS and TCS examples

Module 5: Advanced Accounting

Cost centres and cost categories
Bill-wise details and outstanding reports
Accounts receivable and payable
Credit management
Interest calculation
Bank reconciliation statement (BRS)
Petty cash and expense management
Fixed assets and depreciation
Purchase and sales order processing
Manufacturing and stock journal entries
Budgeting and financial reports

Module 6: Inventory & Stock Management

Stock groups and stock categories
Stock item creation and units of measurement
Godowns and locations
Batch-wise inventory management
Stock valuation and stock summary
Purchase and sales order tracking
Inventory adjustments
Reorder levels and stock reports

Module 7: Payroll & Statutory Compliance

Introduction to Payroll Management
Employee Creation and Employee Groups
Employee Master Configuration
Pay Heads and Salary Components
Salary Structure and Salary Calculation
Attendance and Production Details
Attendance Voucher Entry
Payroll Voucher Creation
Monthly Salary Processing
Basic Salary, HRA, DA and Allowances
Overtime and Incentive Calculations
Employee Deductions and Salary Adjustments
Provident Fund (PF) Concepts
Employee State Insurance (ESI) Concepts
Professional Tax (PT) Concepts
Income Tax Deduction from Salary (TDS)
Payroll Reports and Salary Statements
Payslip Creation and Printing
Employee Pay Register
Payroll Accounting Entries
Salary Payment through Bank
Payroll Data Verification and Reconciliation
Practical Monthly Payroll Project

Module 8: Income Tax Return (ITR) Filing

Introduction to income tax and ITR filing
PAN, Aadhaar and taxpayer information
Financial year and assessment year
Salary income and Form 16
Income from house property
Income from other sources
Business and professional income basics
Deductions and taxable income calculation
Old and new tax regime concepts
Form 26AS and Annual Information Statement (AIS)
Taxpayer information and tax credit verification
Introduction to ITR-1, ITR-2, ITR-3 and ITR-4
Selecting the appropriate ITR form
Preparing income tax computation
Online and offline ITR filing workflow
Tax calculation, validation and error checking
E-verification and acknowledgement
Refund status and return tracking
Practical ITR case studies using sample data