Course Structure | CTL

Income Tax Laws - 4 Weeks

1. Introduction to income tax law
2. Constitutional right of a taxpayer
3. Computation of taxable income under the heads:
   1. Salary
   2. Business
   3. Property
   4. Capital gain
   5. Other sources, and
   6. Presumptive tax regime
4. Understanding of other important provisions of the law including but not limited to:
   1. Advance tax u/s 147
   2. Unexplained investment u/s 111
   3. Minimum, Corporate & Alternate Corporate Tax u/s 113 & 113C
5. Withholding tax matters
   1. Section wise understanding
   2. Transaction wise rates, exemption and clarification
   3. Section wise principles for adjustment of tax
   4. Right & duties of withholding agent
   5. Withholding Tax in the eyes of superior courts
6. Income Tax return & withholding statements
   1. Preparation & submission of income tax return
   2. Preparation & submission of withholding statements
7. Handling departmental notices
8. Techniques to handle departmental audit (withholding & other)
9. Assessment
   1. Original assessment u/s 120
   2. Best judgment assessment u/s 121
   3. Amendment of assessment u/s 122
10. Practical procedure involve in claiming refunds
11. Transaction between associates
12. Appeal procedure
13. Default surcharge penalties & prosecution
14. Tax saving opportunities
15. All above with practical examples, cases studies and superior courts' judgments

Sale Tax Laws - 4 Weeks

1. Constitutional validity and Introduction to Federal & Provincial sales tax laws
2. VAT mechanism
3. Scope of tax on goods
   1. Taxability
   2. Registration requirements and determination of tax liability for Importer, Manufacturer, Wholesaler, Distributor, Retailer and Exporter etc)
   3. Concept of Extra Tax, Further Tax & Retail Price items with practical examples
4. Scope of tax on services
   1. Taxability & Taxable services under all the provincial Laws
   2. Person liable to pay tax and concept of reverse charge with practical examples
5. Withholding taxes under Federal and Provincial Laws
6. Adjustment of Input tax Federal against Provincial and vice versa
   1. Which input tax is available to supplier of goods and services?
   2. Dealing with reduce rate goods and services
   3. Circumstances where input taxes under Federal & Provincial Sales Tax Laws are not available for adjustment
7. Sales Tax Record
   1. Understanding of sales tax record
   2. Specimens of sales tax invoice, purchase/sale/stock registers, debit/credit notes and other record
   3. Preparation of all records using MS Excel
8. Requirements and Procedure for Sales Tax Registration under Federal and Provincial Laws
9. Handling departmental proceedings under Sales Tax Laws
10. Sales Tax Returns under Federal and Provincial Sales Tax Laws. Manual calculation and online feeding of sales tax returns of Commercial Importer, Manufacturer, Wholesaler, Distributor, Retailer, Exporter and Service provider
11. All above with practical examples, case studies and superior courts' judgments including Budget and notifications updates

Corporate and Other Tax Laws - 1 Week

Corporate

1. Company's Incorporation (e filling)
2. Maintenance of records
3. Preparation & submission of documents
4. Handling with other day to day matters

Other

1. Preparation of a partnership deed
2. Registration & De registration of partnership
3. Registration of Trade mark and copy right

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