Advance Diploma in Taxation
Advance Diploma in Taxation
■ Basic concept of Income Tax Laws
Introduction of Income Tax Laws in Pakistan, important provisions of Income Tax laws, concept of taxation of individuals, association of persons, companies and taxation of non-residents. Concept of taxation of income from property, income from business, income from salary, foreign source income, other source income and income from capital gain. Registration of Taxpayer’s with Federal Board of Revenue, Concept of active Taxpayer and consequences faced by In-active taxpayers. Understanding of maintenance of books of accounts, records and other documents as required under the Income Tax laws. Audit proceedings, submission of records during audit, case laws relating to audit. How to respond and how to submit the records. Understanding of different tax rates, tax exemptions, tax credits, tax concessions and tax reduced rates.
■ Registration and Appearance of Authorized Representative on behalf of Taxpayer
Representation on behalf of Taxpayer before the Tax Authorities, Commissioner (Appeals), Appellate Tribunal. Registration of Tax Practitioner, Application for registration as an income tax practitioner, registration as Income Tax Practitioner with FBR and Tax Bar Association on the request of student.
■ Filing of Income Tax Return and statements
Preparation and filing of Income Tax Return of Individual and AOP with all annexures and wealth statement.
Preparation and filing of Income Tax Return of Company with all annexures and Financial/Audited Accounts. Preparation and filing of Income Tax withholding statements.
■ How to respond Income Tax Notices
Notice from Commissioner for assessment and amendment of assessment order under section 120. Notice from Commissioner for Best judgement assessment under section 121. Notice from Commissioner for assessment and amendment of assessment order under section 122. How to submit replies, records and attend hearings on behalf of taxpayer. Latest case laws on the Topic.
■ Recovery Proceedings:
Filing and pleading of Stay application before the Commissioner (Appeals) against Recovery. Filing and pleading of Stay application before the Appellate Tribunal Inland Revenue against Recovery. Filing and pleading of Writ Petition before the High Court against Recovery.
■ Introduction of Sales Tax Laws in Pakistan.
Sales Tax Act, 1990, Scope of Sales Tax, Concept of Zero Rating, Determination of Tax Liabilities, Concept Input & Output tax, Concept of value addition tax (VAT), Concept of inadmissibility of input tax, Concept of Debit & Credit Notes, Concept of Tier-1 Retailers and other Retailers, Concept of assessment of Tax, Sales Tax Invoices, Tax Exemptions, Registration, De-Registration and Black Listing, Penalties & Default Surcharge, Refund of Sales Tax
Sales Tax on Services (Provincials and Federal)
ICT Sales Tax on Services, Punjab Sales Tax on Services, Sindh Sales Tax on Services, KPK Sales Tax on Services, Baluchistan Sales Tax on Services
■ Sales Tax Returns (Federal & Provincials) and Withholding statements
Preparation and filing of Sales Tax Returns, Preparation and filing of Sales Tax withholding statements.
■ Audit & Assessments of Sales Tax
Selection of audit under section 25, Audit by Special Audit Panel.
Monitoring or Tracking by Electronic or other means. (POS). Point of Sales Rules & laws.
Power to call for information section 38A
Obligation to produce documents and provide information sec 38B
How submit replies, records and attend hearings on behalf of taxpayer.
Latest case laws on the Topic.
Recovery Proceedings and Stay against Recovery.
■ Initiation of Criminal Proceedings
Power to arrest and prosecute, Cognizance of Offences by Special Judges, Consequences of Tax Fraud, Fake & Flying Invoices Fraud, Searches under warrant section 40, Posting of Officer on the Business Premises of Taxpayer
■ Rectification of Mistake under Income Tax & Sales Tax
• Respond against Rectification of Mistake proceedings initiated by the assessing officer.
■ How to submit application for Rectification of Mistake if taxpayer found any mistake in the assessment order. (Complete Procedures & Laws).
■ How to submit application for Rectification of Mistake if taxpayer found any mistake in the order of Commissioner (Appeals). (Complete Procedures & Laws).
• How to submit application for Rectification of Mistake if taxpayer found any mistake in the order of Appellate Tribunal Inland Revenue. (Complete Procedures & Laws).
• Drafting & Pleading of Application for Rectification of Mistake before the Commissioner Inland Revenue
• Drafting & Pleading of Application for Rectification of Mistake before the Commissioner (Appeals)
• Drafting & Pleading of Application for Rectification of Mistake before the Appellate Tribunal Inland Revenue.
■ Group discussion on latest Case Laws on the topic.
■ First Appeal before the Commissioner Inland Revenue (Appeals)
• Income Tax Rules, relating to filing of appeal before the Commissioner Appeals.
• How to file Online Income Tax Appeal before the Commissioner (Appeals).
• How to file Sales Tax Appeal before the Commissioner (Appeals).
• Drafting & Pleading of Appeals.
• Recovery Proceedings and Stay against Recovery if the appeal is pending before the Commissioner.
• Visit to Commissioner (Appeals) Offices.
■ Group discussion on latest Case Laws on the topic.
■ Second/Final Appeal before the Appellate Tribunal Inland Revenue.
• Appellate Tribunal Inland Revenue Rules.
• How to file Appeal before Appellate Tribunal Inland Revenue.
• Prescribed Form of Appeal for filing of appeal before the ATIR.
• Drafting & Pleading of Appeal / Specimen Drafts of Appeal.
• Recovery Proceedings and Stay, during the pendency of appeal.
• Visit of Appellate Tribunal Inland Revenue.
■ Group discussion on latest Case Laws on the topic.
■ Reference Application Before the High Court against the Order of Appellate Tribunal.
• How to file Reference Application before High Court.
• Prescribed Form of Reference Application for filing of Reference before the High Court.
• Drafting & Pleading of Reference Application / Specimen Drafts of Reference Application.
• Recovery Proceedings and Stay against Recovery, during the pendency of Reference.
• How to prepare Question of Law from the order of the Appellate Tribunal
■ Alternative Dispute Resolution (ADRC)
• How and where to file Application for Alternative dispute resolution with complete procedure & law.
• Drafting & Pleading of Application for ADRC / Specimen Drafts.
■ Recovery Proceedings and Stay against Recovery.
■ Complaint before the Federal Tax Ombudsman. [Under Federal Tax Ombudsman Ordinance, 2000]
■ Complaint filing Procedure. How to register complaint in the office of FTO
Jurisdiction, functions and powers of the FTO.
■ Prosecution / Initiation of Criminal Proceedings against the Taxpayer by the Inland Revenue Officer
• Prosecution proceedings under the ITO, 2001 for concealment of income.
• Prosecution proceedings under the Income Tax Ordinance, 2001 for making false or misleading statements.
• Trial by Special Judge.
• Appeal against the order of a Special Judge.
Power to arrest and prosecute. Procedure to be followed on arrest of a person.