Pathway To Tax Practitioner

Pathway To Tax Practitioner

Course Structure – 10 Sessions (2 hours each) 🟦 Session 1: Tax System of Pakistan – Overview Duration: 2 hours Topics: Introduction to Direct & Indirect Taxes Role of FBR, SRB, PRA, KPRA, BRA Overview of Income Tax Ordinance 2001 & Sales Tax Act 1990 Types of taxpayers Overview of IRIS, Sales Tax Portal, Tax Asaan App Importance of documentation and CNIC-based transactions 🟩 Session 2: Income Tax Basics – Individuals & Residents Duration: 2 hours Topics: Residential Status & Taxation Scope Tax Year, Accounting Year Heads of Income: Salary, Property, Business, Capital Gains, Other Sources Allowable Deductions & Tax Credits Exemptions under Second Schedule Activity: IRIS Registration & Profile Creation 🟨 Session 3: Salary Income and Tax Filing for Salaried Persons Duration: 2 hours Topics: Taxable vs Exempt Salary Components Tax Rate Slabs (Annual Update) Tax Credits (Education, Health, Zakat, etc.) Benefits-in-kind taxation Hands-On: Filling Income Tax Return in IRIS for salaried individuals Withholding tax certificate (Form 16A) 🟧 Session 4: Income Tax for Business Individuals, AOPs & Companies Duration: 2 hours Topics: Business Income Computation AOP Income Allocation Corporate Taxation Overview Presumptive vs Normal Tax Minimum Tax & Alternate Corporate Tax Turnover Tax Hands-On: Excel-based working for business return 🟥 Session 5: Withholding Tax Regime (Complete) Duration: 2 hours Topics: Overview of Withholding Tax Agent Common Sections: 149 (Salary), 153 (Supplies/Services/Contracts), 155 (Rent), 233 (Commission) Monthly Withholding Statements Creation and Payment of CPR (PSID) e-Filing of WHT Statement via IRIS Hands-On: Create PSID + CPR File Monthly WHT Statement 🟫 Session 6: Sales Tax Overview & Registration (Federal + Provincial) Duration: 2 hours Topics: Taxable Supply vs Exempt Supply Sales Tax Registration Process (FBR STRN + PRA/SRB Reg.) Sales Tax on Goods vs Services Input Tax vs Output Tax Federal Sales Tax vs SRB/PRA/KPRA Services Hands-On: Online STRN Application Walkthrough Filling SRB Registration Form 🟪 Session 7: Sales Tax Invoice, Filing, and Adjustment Duration: 2 hours Topics: Sales Tax Invoice Requirements Output/Input Adjustment Rules Annex C, F, I Explanation Claiming Input Tax & Inadmissible Inputs Dealing with Unregistered Customers Hands-On: Sample Tax Invoice Creation File Dummy Sales Tax Return on FBR Portal 🟫 Session 8: Sales Tax on Services – PRA, SRB, KPRA, BRA Duration: 2 hours Topics: Jurisdiction Issues (Federal vs Provincial) PRA Forms, Filing Dates SRB Withholding Sales Tax Common Mistakes & Penalties Reconciliation between Sales Tax Return & Financials Hands-On: Prepare return on PRA Portal 🔵 Session 9: Audits, Penalties, Appeals, and Legal Framework Duration: 2 hours Topics: Audit Triggers (Parametric & Desk Audits) Section 122, 177, 161 Notices Penalties for non-compliance Appeal Process: CIR(A), Appellate Tribunal, ATIR Role of Tax Advisor and Legal Counsel Hands-On: Draft sample response to Section 122/161 notice List common errors and preventive measures 🟠 Session 10: Final Project & Review Session Duration: 2 hours Topics: Comprehensive Review (Q&A + Case Studies) Tax Planning for Individuals and Businesses Preparing for Tax Season Final Assignment: Prepare and submit a complete set of: Income Tax Return (Individual + Business) Sales Tax Return (Monthly) WHT Statement Final MCQ Quiz + Feedback Survey Certificate Distribution