Basic Diploma in Taxation
BASIC DIPLOMA IN TAXATION
(Basic Diploma includes)
■ Introduction
Introduction of Income Tax Laws in Pakistan.
■ Registration
Registration of Taxpayer’s with Federal Board of Revenue.
■ Active Taxpayer
Concept of active Taxpayer
Consequences faced by In-active taxpayers.
■ Registration and Appearance of Authorized Representative on behalf of Taxpayer
Representation on behalf of Taxpayer before the Tax Authorities, Commissioner (Appeals), Appellate Tribunal.
Rules for Registration of Tax Practitioner.
Application for registration as an income tax practitioner.
Start the process of registration as Income Tax Practitioner with FBR and Tax Bar Association on the request of student.
■ Taxation of Income
Taxation of Income from Property
Taxation of Income from Business
Taxation of Income from Salary
Taxation of Income from Capital Gain
Tax Credits & Depreciation
■ Taxation Concepts
Taxation of Individual
Taxation of Association of Persons
Taxation of Companies
Taxation of Non-Residents
Records and Books of Accounts
■ How to respond Notice
Notice from Commissioner for submission of information or evidence under section 176.
How to Respond.
Latest case laws on the Topic.
■ Selection of Audit
Notice / Intimation received from Commissioner for selection of audit under section 177 or 214C.
How to Respond.
Latest case laws on the Topic.
■ Maintenance of Books of accounts
Maintenance of Books of accounts, records and other documents as required under the Income Tax Laws.
■ How to submit Records / Books of accounts
Notice / Intimation received from Commissioner for submission of books of accounts, records and other documents for the purpose of audit.
How to respond and how to submit the records.
■ Filing of Income Tax Return
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.
Withholding statements.
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.
■ Understanding of Important Section and Rules
Important Section and Rules under the Income Tax Ordinance, 2001.
■ Tax Cards & Exemptions
Tax Rates, Tax Exemptions, Tax Credits, Tax Concessions, Tax Reduced Rates.
■ 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
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 Registration
Registration of Sales Tax with Federal Board of Revenue.
Provincial Sales Tax Registration
■ Sales Tax Records Keeping
Maintenance of Sales Tax Records.
Latest case laws on the Topic.
■ Sales Tax Returns (Federal & Provincials)
Preparation and filing of Sales Tax Returns
■ Withholding statements
Preparation and filing of Sales Tax withholding statements.
■ Audit & Assessments
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