Guide on Complete Income Tax Law & Practice in Pakistan

YOUTUBE https://www.youtube.com/watch?v=2qQh1FLRO8w&t=100s

Income Tax Ordinance, 2001, and the Income Tax Rules, 2002 Supported with SROs, Circulars, FTO/Case Laws etc.

The book contains detailed commentary of the provisions of the Income Tax Ordinance, 2001 and Income Tax Rules 2002 framed there under supported with the SROs’ and the Circulars issued from time to time by the FBR.

• The book provides basic knowledge in understanding the objectives and basic concepts of income tax laws in Pakistan with updated tax laws up to 2022

• Charge of Tax, Tax on Taxable Income and Computation Thereof;
Head of Income,
-- Salary
-- Income from Property
-- Income from Business
-- Capital Gains
-- Income from other Sources
-- Tax Deducted at Source (TDS);

• Deductions, General Principles and Special Provisions, Depreciation to Alternate Energy Projects Etc.; Pre-Commencement/other Expenditure;

• Advance Tax paid by the Taxpayer, to a Collection Agent on Import, Export;

• Exemptions and Concessions, Losses-Set Off and Carry Forward, Limitation;

• Tax Accounting Cash/Accrual Basis, Stock in Trade; WHT Regime

• Deductible Allowances, WWF, WPF, Education Expenses; Offences, Penalties, Default Surcharge Tax Credits, Tax Credits for Investment; Pension Fund, Refunds, Records, Information Collection and Audit; Investment/Remittances by NRPs;

• Common Rules, Fair Market Value; Joint Owner Income, Disposal and Acquisition of Assets; Sale Consideration, Central Concepts, Person, Individual, AOP, Companies, Taxpayers Registration; Incentives to Retailers on Integration with FBR

• Special Industries, Insurance Business, Oil Natural Gas and other Minerals Deposits, Banking Business, Power Projects; Sectorial Audit Selection Illegal;

• International, Taxation of Foreign-Source of Income of Residents and Taxation of Non-Resident Persons, Anti-Avoidance, Controlled Foreign Company, Transactions between Associates; Super Tax on High Earning Persons, Banks, Industries others

• Minimum Tax; Fix Tax, Advance Tax on IT & IT-Enabled Services, Export Services; 

• Return of Income, Wealth Statement, Foreign Income and Asset Statement, Business Bank Account, Assessments, Appeals. ADR, Advance Ruling.

• Amendments in Schedules through the FA 2022.