Understanding tax filing and tax returns are important for all citizens of India. Paying taxes on all the incomes and expenditures made by an individual or a business entity is mandatory as per the Indian Government and Taxation laws laid in the country.
According to the Indian Tax Law of 1961, the government can now deduct TDS from the very source of income, such as incomes from the sale of dividends, assets or income from any other profits. This can later be claimed and deducted from all the overall taxes.
TDS courses allow taxing consultants and auditors to enhance their skills and help individuals and companies to help file taxes and help in TDS collection or filing by either the individual or a business entity.
This is one of the most important parts of the tax filing routine as most incomes are credited after deducting tax at source; therefore, there is a need to verify/acknowledge the same when a person files for their taxes.
TDS Courses in India
In India, taxation is one of the biggest and perhaps a sophisticated businesses requiring an understanding of various Indian provisions and tax policies. Not all people and businesses are able to stay abreast of the dynamic tax structure in India, and nor does everyone understand the nuances of tax structure and its filing process.
This has created a new line of profession for many people who have the skill of understanding and helping people file income taxes correctly.
There is a huge demand and scope for those who have a finance background and those who want to take up Indian Taxation as a career. Chartered accountants and Auditors have always been in demand as businessmen hire them and large corporations to help file their taxes, save money, invest, and audit their files routinely.
By understanding other elements such as TDS and TCS, a finance person can upskill to become a Tax Consultant or an accountant and help people file their taxes and claim their TDS and TCS as and where applicable.
In India, many good TDS courses are offered by some of the best accountants and CA in India. These courses can be taken up either in classroom learning facilities or online.
Online courses for TDS and taxation are becoming increasingly popular as many people are learning these courses as an add-on to their curriculum with Secretaryship, Accountancy, Taxation Consulting or even Chartered Accountancy.
Many people prefer to learn such courses in a flexible manner online by allocating hours to the course as and when possible.
Benefits of TDS Courses
TDS Courses help individuals easily upscale to become a tax consultant or enter the taxation profession from allied courses such as Financing and Accountancy. Taxation has much larger importance and prevalence now than ever since most of the other jobs are now easily done by computer programs (such as accounting softwares).
Taxation, unlike any other job, requires personal judgment, the intellect of the person and the right knowledge of the Indian Taxation and Law system. A person who studies these courses can easily be hired by major companies or by individuals who need help in filing their taxes and auditing their incomes and expenses on a regular basis.