Income Tax Management & Latest Act.

Last Date of Registration: March 13, 2025
Venue Online Live Zoom Meeting

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.

The Income Tax Ordinance, 1984, New Income Tax Act, 2024, relevant SROs with their latest changes, Finance Acts, Case Laws, Transfer Pricing and 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 training:

The objective and purpose of this course is to provide income tax knowledge especially salary tax, withholding tax and major changes proposed through Budget, 2024. 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

  1. Introduction of NBR and its’ website
  2. NBR Organogram
  3. Tax Classification.
  4. Sources of Income Tax Law

 

Day: 02

  1. Fundamental changes from Income Tax Ordinance, 1984 to Income Tax Act, 2023
  2. Salient/Noticeable Features of Finance Act, 2023
  3. Introduction of ITA-2023, Tax at Source Rules-2023, IT Return Rules-2023
  4. Income Tax Authority
  5. Jurisdiction (Circle, Zone, Account Code, etc.)

Day: 03

  1. Income Tax Schedules
  2. Details of 6th Schedule
  3. Tax Rates (Individual & Corporate)
  4. Different forms of Surcharge on different classes of taxpayer.
  5. Different Issues on ownership of more than one Motor Vehicle

 

Day: 04

  1. Important Terms
  2. Important definitions and relevant examples-
  • Income
  • Total Income
  • Global Income
  • Assessable Income
  • Exempted Income
  • What are the element charges as Tax
  • Income Year
  • Tax Year
  • Person
  • Company
  • Resident & non-Resident
  • Clubbing of Income
  • Perquisite
  • Employment
  • Investment Allowance/Tax Credit

Day: 05

  1. 7 heads of income in brief
  2. Carry Forward and Set off of losses
  3. Details on Income from employment
  4. Computation of Income from Share Scheme
  5. Details on Income from Business
  6. Taxpayer wise Returns

 

Day: 06

  1. Detail discussion on TDS from Contractor or Supplier
  2. Detail discussion on TDS from Payroll tax
  3. Timeframe and procedure for TDS Deposit
  4. Consequences of Non-compliance with TDS regulation
  5. Advance Payment of Tax: Compliance, Calculation of Advance Tax Payment, Issues of non-compliance with Advance Tax, who requires to submit Income tax return

Day: 07

  1. VAT deducted at Source, Time frame of deposit, non-compliances
  2. PSR Requirement

 

Day: 08

Return Submission & Assessment Procedures

  1. Return of Income (Who should submit, General Procedure, Payment of Tax on or before submission of return)
  2. Universal Self-Assessment
  3. Spot Assessment
  4. Assessment after Hearing
  5. Assessment of Deceased Person
  6. Assessment of Person leaving Bangladesh

Day: 09

  1. Overview on Individual and Company Return
  2. Return of Tax at Source

 

Day: 10

  1. Assessment Process
  2. Calculation of Income from Employment
  3. Calculation of Business Income
  4. TDS VDS Model Problem
  5. Determination of TTI under Customs Tax
  6. Determination of Value Addition and VAT thereon under VAT Act

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