Certificate course on “Income Tax Management’’ (10 Days Evening)

Why This Training is Important:

Tax, particularly income tax is a core issue on the part of the management of corporate houses. It equally affects individual taxpayers. So tax planning and management becomes a major concern on the part of all types of assesses. Every person either individual or corporate body always tries to keep his or its tax expense at a minimum level and therefore requires good tax personnel to deal with taxation matter very effectively & efficiently. But, as a matter of fact, understanding of income tax is not very easy, as it is by nature very technical & complicated. So it needs in-depth knowledge and clear conception to discharge duties and responsibilities on the part of tax practitioners, advisers or tax personnel.

The Income Tax Ordinance, 1984, Income Tax Rules, 1984, relevant SROs with their latest changes, Finance Acts, Case Laws, and Double Taxation Avoidance Agreements (DTAA) would be discussed in details during training session. TDS, procedure of claiming refund, avoiding of penalty and prosecutions, risk area of universal self audit would be discussed in details. Procedure of appeal & tribunal would also be discussed. Therefore, the training session will provide opportunities to learn for those who want to reduce tax liability legally and to avoid unnecessary litigations.

How participants will benefit after this Income Tax workshop:

The objective and purpose of this course is to provide income tax knowledge especially salary tax, withholding tax and major changes proposed through Budget, 2019. Thus, attending the course, the participants can develop a synoptic view of the INCOME TAX system and on that basis they would be able to perform their INCOME TAX related jobs themselves. Without basic INCOME TAX knowledge, facing an INCOME TAX related problem, anybody becomes confused and worried. On completion of the course, the participants will get knowledge to understand their problems, to do their jobs themselves and to help others in INCOME TAX matters. Thus, they will be able to run the fiscal management in their organizations in far better way; protect their organizations from future troubles; and would be able to develop their career in finance, INCOME TAX and management areas. 

Contents of Training:

Day: 01

• Tax management in Bangladesh
• Legacy of income tax law
• Difference between direct tax and indirect tax, income year and assessment year
• Cannon of taxation
• Tax rates of individual including surcharge and companies
• Heads of income
• Income Tax Authorities
• Tax Day
• Some other important definitions

Day: 02

• Detailed discussion about changes at tax law through Finance Act,2019 with practical demonstration

Day: 03

• Salary Tax Assessment.
• Calculation of salary tax taking into consideration of investment tax rebate- with practical demonstration
• Assessment of House property income and capital gain

Day: 04

• Practical individual income tax return fill up under Universal Self Assessment Procedure
• Reconciliation of wealth statement and life style statement

Day: 05

• Company tax assessment including various tax compliance and penalty for non-compliance
• CSR activities

Day: 06

• Deduction/Collection of tax at source
• Minimum Tax including final settlement of tax liability and Advance payment of Tax taking into consideration of changes through Finance Act, 2019

Day: 07

• Different type of notices and assessment procedure
• Universal Self-Assessment
• Procedure to submit return under USA
• Tax audit and re-assessment

Day: 08

• Tax Holiday
• Gift Tax
• Penalty & prosecution
• Appeal
• Tribunal
• High Court Division
• Revision
• ADR etc.

Day: 09

• Difference between resident and non-resident
• Tax impact on the basis of residential status and Double Taxation Avoidance Agreement (DTAA)

Day: 10

• Transfer Pricing principles
• Determination of Arm’s length price
• TP Methods
• Determining the most appropriate method
• Tax Heaven, BEPS and money laundering