FIN623 : Taxation Management

Course Overview

Course Synopsis

This course comprises of theoretical and numerical concepts of Tax Laws prevailing in Pakistan. In this course you will learn the heads of income, statutory definitions, exemptions, tax return and sales tax. This course will help you in understanding the tax laws and will enable you to understand the practical implications of tax laws. It will serve as a tool in developing the basic understanding of theoretical knowledge. This course develops vivid perception and interpretation skills regarding tax structure and tax laws in Pakistan. The students will be able to make effective taxation management strategies.

Course Learning Outcomes

At the end od the course, you should be able to:

  • Understand the basic principles of Tax Laws
  • Understand the application of Tax Laws
  • Prepare the income tax return
  • Make effective use of tax credits and exemptions
  • Basic features and application of Sales Tax in Pakistan

Course Calendar

An Overview of Taxation1, 2, 3Handout1-4
Basic Features of Income Tax4Handout5-7
Statutory Definitions5, 6Handout8-15
Quiz No 1
Determination of Legal Status of a Person7Handout16
Scope of Income8Handout17
Heads of Income9Handout18
Heads of Income10Handout19-20
Graded Discussion Board No 1
Heads of Income11Handout21
Heads of Income12Handout22-23
Heads of Income13Handout24-25
Residential Status14Handout26
Quiz No 2
Residential Status15, 16, 17,Handout27-30
Residential Status18Handout31-32
Exercises on Residential Status & Taxation19Handout33-34
Quiz No 3
Exercises on Residential Status & Taxation20Handout35
Salary and its Computation21,22Handout36-38
Mid Term Examination
Salary and its Computation23, 24, 25, 26, 27, 28Handout39-54
Gratuity29, 30Handout55-59
Income from Property31Handout60-65
Income from Business32Handout66-67
Income from Business33, 34, 35Handout68-78
Income from Business36,37
Capital Gains38, 39Handout79-82
Income from Other Sources39Handout83
Set off of Losses39Handout85
Tax Return and Assessments40
Set off of Losses41Handout98-103
Advance Tax Collection and Recovery of Tax, Penalties and Prosecution42Handout104-111
Sales Tax43, 44Handout112-119
Sales Tax Return45Handout120
Final Term Examination
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