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Fast-Track Your Tax Career: Enrol Now to Master Tax Management & Returns Filing!

Duration:   40 hours
Difficulty Level:   Beginner to Advanced
This Training also includes:
  • Physical On-Campus and Online Training
  • Hands-On Case Study based learning
  • Expert Guidance
  • Lifetime WhatsApp support
  • Networking community access
  • Government Endorsed Certificate
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    Tax Management with Returns Filing

    ( 5.0 )
    Program Overview

    Tax Management with Returns Filing will help in understanding the tax laws and will enable the participant to understand and apply the practical implications of tax laws in Pakistan. It will benefit the participant as a tool to make effective taxation management planning strategies by following tax structure and tax laws in Pakistan.

    Training Outline
  • Taxable salary and benefits
  • Allowable deductions
  • Reliefs available to salaried individuals
  • Section 149 and its impact on employees
  • Tax planning for salaried individuals
  • Taxable and exempt business income
  • Tax withheld on income u/s 153
  • Allowable expenses
  • Tax depreciation and allowances
  • Role of sales tax in business income tax calculations
  • Market practice and real FBR cases
  • Practical demonstration on Iris portal
  • Using portals for verification
  • Accounting methodology followed
  • Rental income
  • Allowances
  • Practical case studies and implications
  • Tax planning for property income
  • Moveable and immovable property
  • Holding period definition
  • Assets exempt from CGT
  • Role of transfer of legal title of asset in capital gains
  • Iris portal – for income tax, taxation reports on payments and GST filing
  • E.fbr – for challan generation
  • Bulk challan generation through FBR template
  • Maloomat – for tracking tax withheld
  • Verification portal – for tax status verification
  • GST rules
  • VAT mode – input and output tax rules
  • Invoicing requirement (goods code, NTN etc)
  • Null return filing
  • SRB filing and portal navigation
  • Active taxpayer list
  • Registration certificate
  • Sales tax status
  • SRB verification
  • Income forms
  • Wealth statements
  • Reconciliation of income to wealth
  • Practical case studies
  • Salaried individual filing template and income tax calculator
  • Individual; Association of persons; Company; Non-profit organizations
  • Explanation of normal tax, final tax, and minimum tax regimes

  • In-depth exploration of withholding tax sections, rates, exemptions, and adjustments
  • Responsibilities and rights of withholding agents
  • How to prepare and submit withholding tax statements
  • Handling departmental notices, proceedings, and audits
  • Techniques for effectively responding to inquiries and discussions with tax officers
  • Insights into different assessment types and their procedures
  • Explanation of the process to claim tax refunds
  • Detailed guidance on filing appeals, drafting facts and grounds of appeal
  • Applying for a stay and representing before higher courts
  • A comprehensive exploration of the scope of tax on goods and services, covering taxability, registration requirements, and tax liability determination for major sectors
  • Exploration of withholding taxes under both federal and provincial laws, with a focus on practical examples
  • Detailed understanding of input tax adjustment, including what input taxes are available for suppliers and how to deal with reduced-rate goods and services
    • Learning Outcomes
    Learning how to read and navigate income tax ordinance
    Navigation of various FBR portals
    E-filing through IRIS Portal
    Registration in FBR for income tax
    Application of SRB Sales tax
    Explanation of Taxation regimes
    Practicality of Withholding tax matters
    Departmental correspondence of Income Tax
    Explanation of Taxation regimesEffectively follow Appeal procedures
    Application of Sales Tax matters
    Practical industry-related case studies to provide hands-on simulation experience
    Features and Benefits
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    Tax Regulations covering the tax laws, regulations, and updates to ensure compliance

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    Tax Planning Strategies for individuals and businesses

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    Risk Mitigation to help identify and address potential tax-related risks, reducing the likelihood of penalties

    Target Audience

    Accounting

    Finance Team

    Prerequisites

    Basic computer literacy, familiarity with Windows operating system

    Trainer Profile
    Mahir Alam

    Mahir is a managing partner at Haider Shamsi & Co. Chartered Accountants, He has been handling the affairs of the firm since 2018. Further, He has an experience for designing and implementing cost and financial accounting system for different manufacturing and trading companies such as Midas Safety Inc. World Bank Project (PIFRA-II), KPMG TH & Co., Chartered Accountants. He has more than 11 years of theoretical knowledge and practical experience of cost and financial accounting, auditing and taxation.

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