Tax Lawyer Exam Preparation (ITP Exam)

Contents of Training:

Day-1:

1. Past Years Questions Analysis
2. Scope of the Income Tax 2023;
3. Chapters, Sections and Schedule of the Income Tax-2023 at a glance;
4. Income Tax Authority
5. Important Definitions of Income Tax Act-2023; (Income, Income Year, Assessment Year, Tax, Income Tax, Tax Payers, Tax Day, Resident, Non-Resident, Person, Perquisite, Salary, Authorized Representative, PSR, etc.)
6. Tax impact in case of Resident and Non-resident Individual;
7. Abbreviation.
8. Rate of Tax of different types of Assessees (Taxpayers)

Day-2:

1. Heads of Income
2. Set Off and Carry Forward of Losses
3. Calculation of Income from Employment;
4. Calculation of Income from Rent;
5. Minimum Tax, Final Tax

Day-3:

1. Allowable deduction in calculating income from business;
2. Inadmissible deduction from calculating income from business;
3. Special deduction from calculating income from business;
4. Evasion and Avoidance

Day-4

1. Income from financial assets;
2. Income from other sources and areas of special income from other sources;
3. Basic of Transfer Pricing

Day-5:

1. TDS and TCS
2. General rules in case of TDS and TCS;
3. Areas of advance income tax;
4. General rules to collect advance income tax and
5. Failure to pay advance income tax.
6. Focus point of discussion on TDS Rules, 2024
7. Examples

Day-6:

1. Return and time of return filing
2. PSR
3. Submission of return in self-assessment manner;
4. General rules for submission of return;
5. Statement of asset and liability (IT-10B)
6. Statement of living expenses (IT-10BB)
7. Surcharge
8. Specimen of various types of return.
9. Ways of Payment of Tax
10. Tax Audit

Day-7:

1. Appeal, Tribunal, Reference
2. Time, procedure and other general rules to file appeal;
3. ADR
4. Penalty
5. Gift Tax Act, 1990.
6. 6th Schedule

Day-08:

1. General principles of accounting;
2. Journal
3. Ledger
4. Capital v Revenue Transaction
5. Trail Balance;
6. Preparation of Financial Statement
7. Bangla and English Topics
8. VIVA Tips