Definition of Income Under Income Tax [Section 2(24)]

This course is designed for beginners and covers various aspects of income tax, including the definition of income under Section 2(24). It includes video lectures and practical examples.

Language : English
Chapters : 0
Category : Income Tax Certification Course
Author : CA Himanshu Kumar

In India, The taxation of various incomes is governed by the Comprehensive Income Tax Act, 1961. A significant element that establishes the definition of "income" for taxes is Section 2(24) of the Income Tax Act. The Income Tax Section 2(24) Act's concept of income will be covered in this online course.

It covers several sources of income and helps in figuring out how much tax both people and businesses owe. Both taxpayers and students must be aware of the provisions of the Income Tax Act that apply to them and grasp the meaning of Section 2(24).

Students will learn about various types of income obtained by an individual or business in this online accounting course. This Income Tax Certification Course, gives a broad definition of income. The term "income" comprises a variety of sources of income, including salary, pension, company or professional earnings, capital gains, rental income, and income from other sources.

This more advanced course covers both the theoretical and practical sides of income tax. It offers information on how to compute taxable income and tax liabilities and has a module on the definition of income under Section 2(24).

How to Get This Course:

Because this is an online accounting course, no lectures will be delivered in person. After purchasing the course, you may access your account options. All videos, study materials, PDF files, and PowerPoint presentations will be placed there for easy access by participants. This online income tax [Section 2(24)] course costs only Rs 400.

Course Duration:

The course duration is around 8 hours.

Certificate:

On completion of the Online Certification course, a Certificate of Participation from Tax4wealth will be provided.

Views Limitation:

This is an entirely online course with no limit on the number of views. After enrolling in the course, you get unlimited access to this online income tax [Section 2(24)] course from anywhere at any time.

Who is Eligible to Join the Income Tax Return Filing Certification Course:

Anyone who wants to learn about the definition of income under income tax and the practical aspects related to it can enroll in our online course on "Definition of Income Under Income Tax [Section 2(24)]."

✅ Introduction to Section 2(24) of the Income Tax Act, 1961
✅ Understanding the meaning of the term "income" under the Income Tax Act
✅ Different sources of income, as defined under Section 2(24)
✅ Explanation of various types of income such as salary, pension, profits and gains from business or profession, capital gains, rental income, and income from other sources.
✅ Classification of income as taxable and non-taxable under the Income Tax Act
✅ Computation of taxable income and tax liability based on the definition of income
✅ Exemptions and deductions available under the Income Tax Act for certain types of income
✅ Case studies and examples to illustrate the application of Section 2(24) of the Income Tax Act
✅ Recent amendments and changes to the definition of income under Section 2(24) of the Income Tax Act
✅ Practical aspects of complying with the provisions of Section 2(24) of the Income Tax Act, such as record-keeping and tax return filing.

✅ Video on demand
✅ Live & Recorded Sessions
✅ 8 PPT with Details can be downloaded
✅ Compatible with Mobile, Laptop, and TV
✅ Sessions on Telegram as well
✅ Certificate after Completion

✅ Taxpayers
✅ Accounting and finance professionals
✅ Students
✅ Corporate Professionals
✅ Marketing Professionals
✅ Qualified CA/CS/CMA/LLB
✅ Commerce Graduates/CA/CS/CMA/Law Students
✅ Semi-qualified CA, CS, or CMA working in CA firms or industry
✅ Any other person not covered above can join the course if they are interested.

Course Meterials

CA Himanshu

Income Tax, Accounting, Auditing, GST Expert

70 (35 ratings)

38 Courses

CA Himanshu Kumar, as a Chartered Accountant by profession, has helped establish several German, Canadian and US-based companies in India and his clientele includes leading financial services companies, media houses, and IT majors.

His Experiences:

He is an expert in International Financial Reporting Standards, US GAAP, etc. Also, he has provided support to many transnational companies expanding or running their businesses in India. Today, companies can proudly say that it has been instrumental in the crafting of several fund-raising success stories for both organizations and start-ups, which have now developed into full-fledged businesses.

Mr. Kumar Mission and Vision are:

To transform the business world by giving entrepreneurs a platform that enables them to leverage their base of supporters, which could comprise friends, family, etc., and raise collective funds/capital.
He also seeks out potential investors and aims to create a fresh pool of funds while advocating and mentoring many new flourishing companies. It is his firm belief that his company can add value to start-ups in their growth story.

His specialization: