Practical Approach tο Tax Laws (Income Tax and Sales Tax)

Contents:
Part-I : INCOME TAX
I - Charge of Tax
II - Tax on Taxable Income
III - Deductible and Non-Deductible Expenses
IV - Accounting Methods for Business Income
V - Amortization of Intangible Assets
VI - Capital Gains
VII – Exemptions
VIII - Deductible Allowances & Tax Credits
IX - Income Tax Return & Wealth Statement
X - Maintenance of Records, Search of Premises & Posting of Officer
XI – Audit
XII – Assessment
XIII - Recovery of Tax and Stay against Recovery
XIV - Refund, Processing of Refund & Additional Payment for Delayed Refund
XV - First Appeal
XVI - Second Appeal
XVII - Reference Application before the High Court
XVIII - Federal Tax Ombudsman
XIX - Alternative Dispute Resolution
XX - Rectification of Mistakes
XXI - Withholding of Income Tax at Source
XXII - Unexplained Income or Assets
XXIII - Minimum Tax on Income of Certain Persons
XXIV - Representation on behalf of Taxpayer
XXV - Refund of Excess Tax
XXVI - Tax Rates
Part-II : SALES TAX
I - Introduction of Sales Tax
II - Scope of Sales Tax
III - Zero Rating
IV - Time and Manner of Payment
V - Determination of Tax Liability and Input Tax Adjustment
VI - Disallowance of Input Tax Credit*
VII - Refund of Input Tax
VIII - Scope and Payment of Tax
IX - Sales Tax Exemptions
X - Registration, Consequences of Non-Registration and De-Registration
XI - Audit, Investigation and Search
XII – Penalties
XIII - Appeals and Reference Application
XIV - Recovery of Arrears of Tax
XV - Banking Channel Transactions
XVI - Special Procedure for Electronic Sales Tax Invoices
XVII - Monitoring & Tracking of Restaurants, Cafes, Hotels and Food Businesses –Simplified
XVIII - Filing of Sales Tax Returns
XIX - Prize Scheme
XX - Procedure For Sealing and De-Sealing of Tier-1 Retailers' Business Premises
XXI - Special Provisions relating to Services
XXII - Determination of Minimum Tax Liability