Key features
Class will start from dec 22 and June 23.
Course Curriculum:
A – Income Tax
1- Income Tax Ordinance, 2001
- Introduction and central concepts
- Computation of income of under normal tax regime, final tax regime, minimum tax regime, and related tax liability
- Exemptions, tax concessions, losses, deductible allowances, and tax credits
- Common rules, assets, principles of taxation, and geographical source of income
- Foreign source income of residents, taxation of permanent establishment, thin capitalization, avoidance of double taxation, and anti-avoidance
- Returns, assessment, appeals, audit, penalties, and offenses
- Collection & recovery of tax, advance tax and final tax, refund of tax and withholding tax
- Others
2- Income Tax Rules, 2002
3- Relevant notifications, circulars issued under the Income Tax Ordinance, 2001 and rules made under therein and model double tax treaty (country specific treaty not examinable).
B – Sales Tax and Federal Excise Duty
1- Sales Tax Act, 1990
- Introduction, scope and payment of tax
- Registration & de-registration, bookkeeping, Invoicing, records, returns and audit
- Administration, penalties, offences, appeals and recovery of arrears
- Miscellaneous
2- Sales Tax Rules, 2006
3- Common provisions of provincial / capital territory sales tax laws on services
4- Relevant notifications, circulars and general orders issued under the Sales Tax Act, 1990 and rules made under therein
Federal Excise Act, 2005 and Federal Excise Rules 2005
5- Introduction and definitions
- Levy, Collection and Payment of Fed
6- Notifications, circulars and general orders under the Federal Excise Act, 2005 relevant to chapters I and II
Ethics
7- Code of Ethics for Chartered Accountants (revised 2019): Section 600.1 to 600.10, Section 600(Subsection 604)
