Importance of Certification in Business Account and Taxation

There has been sweeping reforms in the field of Taxation. One should know taxation in depth to become a Tax advocate or Tax consultant. One must possess comprehensive knowledge of Direct Taxes, Indirect Taxes and regulatory aspects.

The Diploma in Taxation provides with an in-depth knowledge of taxation covering both direct and indirect taxation. Direct Taxation comprises of Income Tax Act and Indirect Taxation comprises of Sales tax, VAT, Service Tax and Excise. Diploma in Taxation is a certificate level course. Taxation is a process of levying a financial charge upon a tax payer whether an individual or legal entity by a state. The minimum time to complete the course depends from Institute to Institute. This course may be offered by certain institutes on part time basis or online courses. The course is career oriented one that opens many job scopes for the students after its successful completion.

The basic eligibility for diploma in taxation is 10+2 pass out. But most students prefer to pursue this course only after graduation because in degree they have already learnt some basic knowledge of Taxation.

In Income Tax one can learn about assessed, previous year, assessment year, resident, non-resident, computation of Income from salary, computation of Income from House Property, computation of Income from Business or Profession, computation of income from Capital gains and Income from other sources, deduction from gross total income, Assessment of Individuals and companies, procedure of assessment, online filing of returns etc.

In Central Sales Tax and VAT one can learn about Introduction to Central Sales Tax Laws, liability of central sales tax. In VAT one can learn meaning of VAT, levy of taxes on sales, liability of tax, online filing of returns.

In Service Tax law and Excise one can learn meaning, definition and concepts, liability of tax, online filing of returns.

Diploma in Taxation will be beneficial to students pursuing graduation, masters degree and research work. They can also work in Income Tax department as a consultant or an income tax advisor or a person who helps you file your income tax returns every year. Students can also join business houses as a consultant giving advice on business tax issues.

The job positions one can have in the industry are Management trainee- taxation, Accountant- Indirect Taxation, Executive-Indirect Taxation, Associate-Indirect Taxation, Assistant Manager-Taxation, Manager-Taxation.

Asterix Solution Institute offers accounting and taxation course . This 30 Days Job oriented program helps to get placed.

 [Source : http://www.tipa.in/taxation-course/diploma-in-taxation.html ]