Diploma in Taxation
Course Outlines
Semester – I (Income Tax)
- Basic Taxation Principles, Introduction to Income tax Ordinance, 2001 & Income Tax Rules 2002
- History of Taxation in Sub-Continent.
- Important Definitions in ITO, 2001, Basic Terms and Concepts.
- Computation of Income Tax.
- Principles of Taxation for Individuals, AOPs and Corporates.
- Heads of Income & Tax Treatment.
Semester – I (Income Tax) (Cont’d.)
- Final Tax Regime (FTR) & Minimum Tax Liability (MTL).
- Wealth Statements & Reconciliations.
- Preparation & E-filing of Income Tax Returns Tax Returns.
Semester – I (Income Tax) (Cont’d.)
- Filing of Monthly Withholding Statements
- Rates of Tax (Salaried, Individuals, AOP, Companies
- Rates of Advance Tax
- Advance Income Tax Payments, Withholdings & Calculations
- Income Tax Exemptions, Concessions & Reduced Rates
- Income Statement, Balance Sheet & other Financial Statements
Semester – II (Sales Tax [Goods])
- History of Sales Tax in Pakistan.
- Important Definitions in STA, 1990 (Basic Terms and Concepts)
- Scope of Sales Tax on Goods.
- Determination of Sales Tax Liability.
- Output Tax and Input Tax concepts.
- Exemptions & Zero Rating Concepts.
- Sales Tax Withholding, Special Procedures for Withholding of Tax.
Semester – II (Sales Tax [Goods])
- Special Procedures for payment of Sales Tax of Different Taxpayers/Units
- E-filing of monthly Sales Tax Returns & withholding statements
- Offences and Penalties – Blacklisting, Suspension & Active Taxpayers List
- Criminal Proceedings FIRs
- Circulars, Notifications, SROs
Semester – II (Cont’d.)
- Third Schedule (Retail Price Tax)
- Fifth Schedule (Export & Zero Rating Concept)
- Sixth Schedule (Exemptions)
- Other Schedules
- E-filing of monthly Sales Tax Returns & withholding statements.
Semester – II (Cont’d.)
- Audit, Assessment of Sales Tax & Amendments of assessment order under the Sales Tax & Income Tax laws respectively
- How to Prepare Books of Accounts under the Income Tax and Sales Tax Laws
Semester – III (Sales Tax on Services in Pakistan, [Provinces & ICT])
- Brief History of Sales Tax on services in Pakistan
- Basic concepts in Sales Tax on Services
- Islamabad Capital Territory (Tax on Services) Ordinance, 2001.
- Sindh Sales Tax on Services Act, 2011
- Punjab Sales Tax on Services Act, 2012.
Semester – III (Sales Tax on Services in Pakistan, [Provinces & ICT]) Cont’d.
- Khyber Pakhtunkhwa Finance Act, 2013.
- Baluchistan Sales Tax on Services Act, 2015
- Enrollment,
- Registration,
- Tax Returns,
- e-Filing process & e-Payments
Semester – III Federal Excise Duty
- Introduction of Federal Excise Act, 2005
- Scope of Federal Excise.
- FED Mechanism in Value Addition Mode
- Value Added Tax (VAT)
Semester – IV
- How to Reply Show Cause Notice
- How to Read impugned order (Assessment Order)
- Refunds, Assessment and Recovery,
- How to prepare notes and searching of case laws relating to appeal
- Drafting of Appeals
- How to file appeal through iris (FBR Web Portal) Online
- Important case laws on Income Tax issues
- How to argue the case before the Commissioner (Appeals)
Semester – V
- Drafting Pleading and filing of Appeals before the Commissioner (Appeals) under Income Tax & Sales Tax Laws
- Drafting Pleading and filing of Appeals before the Appellate Tribunal Inland Revenue under Income Tax & Sales Tax Laws
- Drafting Pleading and filing of Customs Appeals before the Customs Appellate Tribunal
Semester – V
- Filing of Reference Application before the High Court
- Filing & Drafting of Application before Alternative Dispute Resolution Committee (ADR)
- Filing of Complaints before FTO
- Filing of Representation before the Chairman FBR
Semester – V
- Important Case laws
- Research and Searching of Relevant Case Laws/Precedents
- How to argue the case before the Commissioner (Appeals), Appellate Tribunal, Federal Tax Ombudsman.(Practical)
- Personal appearance of Students before the Appellate Tribunal