Hi Manpreet
Both future methods and callouts can be unit tested.
To test future methods simply make your call to any future method between Test.startTest(); and Test.stopTest(); statements and the future method will return when Test.stopTest(); is called. See the documentation for the Test class here: System.Test
Testing callouts is a bit trickier though. Basically in your callout code you check to see if you’re executing within a unit test context by checking Test.isRunningTest() and instead of getting your callout response from an HttpResponse.send() request, you return a pre-built test string instead. There’s one example of this method here: http://www.iterativelogic.com/unit-test-callouts-in-apex-code-part-2/
There’s also an older example of callout unit testing that uses a static variable you set in your unit test. Just replace that static variable with a call to Test.isRunningTest() and their example works fairly well as well. That example can be found here: http://sfdc.arrowpointe.com/2009/05/01/testing-http-callouts/
Hoping it may help you