Islamabad Tax Academy
Islamabad Tax Academy offers a structured Tax Training Courses for tax professionals to attain a high level of competency in Taxes in Islamabad and other cities in Pakistan.
The training contains 3 levels to complete. Expected outcomes after completing the program:
Level 1 : Basics of Tax
Students will achieve a good appreciation of basic tax principles and tax laws, and be able to apply these principles in daily tax tasks in the industry or running their own tax practice/ tax advisory.
Program Overview
- Individual Income Tax
- Provide a firm foundation in income tax principles
- Income tax Ordinance, 2001 and case laws
- Provide a basic knowledge of tax law application and practice
- Introduction to income tax law
- Constitutional right of tax payer
- Computation of taxable income under the head
- Salary
- Business
- Property
- Capital gain, and
- Other sources
Recommended Years of Experience in Tax: 0 year
Level 2 : Advance Tax
Students will achieve in-depth appreciation of advance tax principles and tax laws, and be able to apply the knowledge on their job/ tax practice / tax advisory.
Program Overview
- Business and Corporate Tax
- Provide in-depth treatment of concepts on taxation, deduction and allowances relating to salaried individuals, sole-proprietor-ships, partnerships and companies
- Provide in-depth knowledge of Income Tax Ordinance, 2001 and case laws
- Provide an introduction to the General Sales Tax and provincial taxes
- Understanding of other important provision of the law including but not limited to
- Advance tax u/s 147
- Unexplained investment u/s 111
- Minimum, Corporate & Alternate Corporate
- Withholding tax matters
- Section wise understanding
- Transaction wise rates, exemption and clarification
- Section wise principles for adjustment of tax
- Right & duties of withholding agent
Recommended Years of Experience in Tax: 6 months to 1 year
Level 3 : Tax Expert
Students will achieve a high level of understanding in tax and be able to work independently on tax planning and tax advisory matters through informed application of tax laws and regulations.
Program Overview
- Advanced Tax Program
- Provide rigorous training on wide range of core subjects covering Tax Policy, Legal Framework, Individual and Corporate Income Tax, Tax Treaties
- Broaden knowledge through elective modules in Regional Tax, Tax Incentives, Tax Fraud and Investigation
- Suited for candidates seeking a specialist career in tax advisory
- Income Tax return & withholding statements
- Preparation & submission of income tax return
- Preparation & submission of withholding statements
- Handling departmental notices
- Techniques to handle departmental audit (withholding &other)
- Assessment
- Original assessment u/s 120
- Best judgment assessment u/s 121
- Amendment of assessment u/s 122
- Provincial assessment u/s 122c
- Practical procedure involve in claiming refunds
- Transaction between associations
- Basic understanding of deferred taxation
- Appeal procedure
- Default surcharge penalties & prosecution
- Ways to tax plan & Tax saving opportunity
- All above with practical examples & case studies and superior courts judgment
Recommended Years of Experience in Tax: More than 1 year
Other Courses
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Certified Tax and Corporate Consultant Training
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Tax and Corporate Manager Training
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Advanced Tax Training for Professionals – Tax Expert Course for Tax Consultants
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Advance Withholding Tax Training under Income Tax and Sales Tax
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Training on Income Tax Return Filing
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Training on Filing of Withholding Statements
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Filing of PRA Sales Tax Returns Training
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Training on FBR Proceedings
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Training Workshop on Income Tax Law
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Training on Audit and Assessments by Authorities
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Advanced Tax Fraud Investigation Training
To know more you can call on +92 321 8408828 or email info@thebscon.com
You can send us your query via email at info@thebscon.com, call us at +92 321 8408828.