Page 24 - Mousumi: Unbelievable Transformation

3. Get rectified the errors in form 26AS if any. The tax payment and TDS
details should correctly match in 26AS statement. If not, it may result in
Income tax Demand, when ITR is filed and processed.
4. Match the transactions to your bank account details/statements.
5. Compute total income for the Financial year.
6. Compute the tax liability
7. Calculate final tax payable amount, if any
8. Pay tax using appropriate challan /form
9. File ITR online after carefully feeding all the details of income and tax
payment
10. Verify the ITR
11. Ensure e-verification of ITR
12. Income tax Department will process a return after verification
of ITR.
Note*-Always take care that you have opted correct section for filing of ITR.
The section is mentioned on the first page, which opens while filing of ITR
online.
Note**- In case of business income, please check your turnover whether it is
exceeding the prescribed limit and requires for filing of the Audit report or
getting books of account audited by a Chartered Accountant or as prescribed
under Income-tax Law.

Job opportunities in taxation field:
There are various job opportunities in this widening field of taxation. Following
degrees/education is popular in this field:
(i) Graduation with Commerce or equivalent subject Course
(ii) A law graduate
(iii) Company secretary course
(iv) ICWA course
(v) Chartered Accountant i.e. C.A.
(vi) Courses in international taxation
(vii) Various courses offered in taxation filed under different names in state,
central and private universities.

When and How about the Career
With or after +2 education, a student can opt commerce or law courses
(B.COM, CA, ICWA, CS, LAW etc.) relating to commerce, accountancy, audit
and taxation and join field of taxation or work as tax professional as his career.
Knowledge of Tax Laws, Accountancy and Computer are must to become a
successful tax professional. One should join any taxation firm to have a better
experience and good exposure of work. Clarity of taxation concept, Good
communication and convincing skill, highest level punctuality and Excellent
drafting skill is all required in this field. Having such knowledge is also helpful in

♦♦Career Mantra♦♦ Page 23