Income Tax Management
Course Description
Tax, particularly income tax is a core issue on the part of the management of corporate houses. It equally affects individual taxpayers. So, tax planning and management becomes a major concern on the part of all types of assesses. Every person either individual or corporate body always tries to keep his or its tax expense at a minimum level and therefore requires good tax personnel to deal with taxation matter very effectively & efficiently. But, as a matter of fact, understanding of income tax is not very easy, as it is by nature very technical & complicated. So, it needs in-depth knowledge and clear conception to discharge duties and responsibilities.
The Income Tax Ordinance, 1984, New Income Tax Act, 2026, relevant SROs with their latest changes, Finance Acts, Case Laws, Transfer Pricing and DTAA would be discussed in details during training session. TDS, procedure of claiming refund, avoiding of penalty and prosecutions, risk area of universal self audit would be discussed in details. Procedure of appeal & tribunal would also be discussed. Therefore, the training session will provide opportunities to learn for those who want to reduce tax liability legally and to avoid unnecessary litigations.
Total Classes: 8
Total Hours: 24
Batch:
Class Schedule: Saturday & Wednesday
Tentative Start Date:
Last Date of Admission:
How participants will benefit after this training:
The objective and purpose of this course is to provide income tax knowledge especially salary tax, withholding tax and major changes proposed through Budget, 2026. Thus, attending the course, the participants can develop a synoptic view of the INCOME TAX system and on that basis they would be able to perform their INCOME TAX related jobs themselves. Without basic INCOME TAX knowledge, facing an INCOME TAX related problem, anybody becomes confused and worried. On completion of the course, the participants will get knowledge to understand their problems, to do their jobs themselves and to help others in INCOME TAX matters. Thus, they will be able to run the fiscal management in their organizations in far better way; protect their organizations from future troubles; and would be able to develop their career in finance, INCOME TAX and management areas.
Contents of Training :
Day: 01 Introduction to Income Tax
• A brief discussion regarding income tax
• Definition of Important terms
• Types of Taxpayers
• Tax Rates & Surcharge
• Heads of Income
Day: 02 Heads of Income
• How to calculate income from Employment in details
• How to calculate income from financial assets in details
• How to calculate income from Rent in details
Day: 03 Heads of Income
• How to calculate income from Agriculture in details
• How to calculate income from Capital gain in details
• How to calculate income from Business in details
Day: 04 Heads of Income (Contd.)
• How to calculate income from other sources in details
• Rebate Calculation
• Minimum Tax Calculation
• Computation of taxable income and tax liability of an individual
• Consequences for filling return after Tax Day
Day: 05 Audit Process, Return Process, Set off and carry forward of losses, Filling of Return, Appeal, Tribunal, Revisions & ADR
• Discussion on New Audit Process
• Discussion on Return Process
• Discussion of set off and carry forward of losses
• Discussion of return and statement (Types of Return)
• Discussion of advanced payment of tax
• How to calculate advanced payment of tax
• Discussion of appeal, Tribunal & ADR
Day: 06 TDS Management
• Types of TDS in details
• Calculation of TDS (section 86, 89, 90, 94, 119 in details)
• Submission of TDS return
• Consequences of non-compliances with TDS regulations
Day: 07 Issues of International Tax, Transfer Pricing & Corporate Tax Compliance
• Discussion of Double Taxation Avoidance Agreements
• Discussion regarding transfer pricing (TP)
• Domestic Transfer Pricing
• Corporate Tax compliance in case of Income Tax
• Preparing Company’s tax return
• Calculation of Company Tax
Day: 08 Tax Planning & Compliance
• Individual Income Tax Return Fill Up Workshop
• Introduction to e- Return software
• Penalty against non-compliance of section and rules of income tax.
• Special Tax rate (1st Schedule)