Advanced Course: Accounting & Taxation of India

Complete curriculum: Indian GAAP, GST (CGST/SGST/IGST), TDS, Income Tax, Financial Ratios, and a comprehensive hands‑on project. Real‑life case studies + interactive calculators.

Journal Entries, Ledger & Financial Statements

Indian Accounting Standards (Ind AS) – Revenue recognition, depreciation (SLM/WDV), inventory valuation (FIFO/Weighted Average).

📝 Interactive Journal Entry (Real Scenario)

Case: Paid professional fees ₹15,000 via NEFT to CA (TDS 10% applicable)

✨ Click to learn correct double entry.

📉 Depreciation (WDV vs SLM)

SLM: ₹45,000/year | WDV (20%): ₹50,000 (year1)

📊 Final Accounts - Real Example: "Ramesh Electronics"

Given: Sales ₹12,00,000; Purchases ₹7,00,000; Rent ₹1,20,000; Salaries ₹2,40,000; Closing Stock ₹1,50,000. Compute GP & NP.

🔢 Accounting Ratio Simulator (Current Ratio, Quick Ratio)

Current Ratio: 2.0 | Quick Ratio: 1.6

Goods & Services Tax – Complete Toolkit

CGST + SGST (Intra-state) | IGST (Inter-state) | Input Tax Credit (ITC) | Composition Scheme vs Regular

GST Liability & ITC Simulator

Output GST: ₹96,000 | ITC: ₹50,000 | Net Payable: ₹46,000

🏢 Composition Scheme vs Regular Scheme

Composition: ₹12,000 (1% of turnover) | Regular: approx ₹1,44,000 (12% output less ITC)

📄 Real-Life Case: ITC Reversal & E‑invoice

Mr. Mehta, manufacturer: Purchased goods ₹5,00,000 (18% GST). Used 20% for exempt supplies. Eligible ITC = 80% of ₹90,000 = ₹72,000. Reverse the rest.

📈 GST Collection Trend (Top Sectors)

TDS Rates & Income Tax Planning (AY 2025-26)

🧾 TDS on Salary + HRA Exemption Calculator

HRA Exemption: ₹1,20,000; Taxable Salary after HRA: ₹8,80,000

📊 Income Tax (Old vs New Regime) – Detailed

📌 TDS on Professional Fees / Contract (Section 194J, 194C)

TDS amount: ₹7,500 (1% of 7,50,000) – due date 7th of next month.

📖 Advance Tax Due Dates (Real Life)

Individuals with tax liability > ₹10,000 must pay advance tax: 15 June (15%), 15 Sep (45%), 15 Dec (75%), 15 Mar (100%).

"Shakti Enterprises" – Full Accounting with GST & Final Statements

Record transactions (Journal → Ledger → Trial Balance → P&L → Balance Sheet). Includes GST, TDS, and closing entries.

Trial Balance

Profit & Loss (Monthly)

Balance Sheet

📋 Pre‑built Real‑life Transactions (One‑click)

Financial Ratio Analysis & Break-even

Profitability Ratios (Gross Profit Margin, Net Profit Margin)

Gross Margin: 40% | Net Margin: 20%

📈 Break-even Point (BEP) – Real Business

BEP = 1,000 units

📊 Real‑Life Case Study: "Tata Traders" – Cash Flow & GST Impact

Firm with annual sales ₹50 lakhs, average ITC utilization 70%, late fee on GSTR-3B if delayed. Analyze scenario:

📉 Interactive DuPont Analysis (ROE)

ROE = 37.5% (Profit Margin 12% × Asset Turnover 1.67 × Equity Multiplier 1.875)