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G R A DU A T I O N LE VE L

B U S I N E SS T A X A T I ON (G - 5 )
GRID
PART-A
INCOME TAX LAWS
PART-B
SALES TAX LAWS

W EIGHTAGE
75%
25%

Total

100%

SYLLABUS OVERVIEW:
This course covers Income Tax Ordinan ce, 2001, the Income Tax Rules, 2002 and indirect tax Laws such as the
Sales Tax Act, 1990, Sales Tax Rules, and Federal Excise Act as amended to-date. The objective of this course is
to equip the students with an in-depth knowledge of direct and indirect tax laws applicable in Pakistan.
LEARNING OUTCOMES
On completion of this course, students should be able to:
Understand the objectives of levy of taxation, and its basic concepts
Comprehend the system of taxation in Pakistan
Explain provisions of Income Tax Laws mainly relevant to individuals and association of persons and
corporate entities
Elucidate relevant Sales Tax Laws and rules
Grid

Detailed Contents
PART-A
INCOME TAX LAWS

Income Tax Ordinance, 2001


1. Preliminary

Section (1-3)

2. Charge of Tax

Section (4,5)

3. Tax on Taxable Income

Computation of Taxable In come


Section (9-11)
Salary
Section (12-14)
Income from Property
Section (15-16)
Income from Business
Section (18-36)
Capital Gains
Section (37-38)
Income from Other Sources
Section (39-40)
Exemptions & Tax Con cessions
Section (41-55)
Losses
Section (56, 57, 58, 59, 59A)
Deductible Allowances
Section (60,60A,60B,64A,64AB)
Tax Credits
Section (61-63, 65, 65A)

4. Common Rules

5. Provisions Governing
Persons

General
Section (66-73)
Tax Year
Section (74)
Assets
Section (75-79)
Central Concepts
Section (80-84)
Individuals
Section (86-91)
Association of Persons
Section (92)

WEIGHTAGE IN %

75

6. International

7. Anti Avoidance
8. Minimum Tax

9. Procedure

10. Administration

Geographical Source of Income


Section (101)
Taxation of Foreign Source Income of
Residents
Section (102-104)
Section (108-112)
Section-113
Returns
Section (114-119)
Assessment
Section (120-126)
Appeals
Section (127-136)
Collection and Recovery of Tax
Section (137-146B)
Refunds
Section (170-171)
Records, Information Collection and Audit
Section (174-180)
Taxpayer's Registration
Section (181-181C)
General
Section (207-227B)

11. Income Tax Rules, 2002

Rules 1-16 & 20-27

12. Procedure

Advance Tax and Deduction of Tax at Source


Section (147-169)-First Schedule
Representatives
Section (172-173)
Penalty
Section (182-183)
Offences and Prosecution
Section (191-204)
Default Surcharge
Section (205-205A)
Circulars
Section (206-206A)

13. Administration

Directorates General
Section (228-230)
Directorates General
Section (230A-230C)

14. Transitional Advance Tax


Provisions
15. Miscellaneous

Section (237-240)

16. Income Tax Rules, 2002

Rules 76-90

Section (231A-236V)- First Schedule

17. Sales Tax Act, 1990

18. Sales Tax Rules, 2006

PART-B
SA L E S T A X L A W S
Preliminary
Section (1-2)
Scope and Payment of Tax
Section (3-13, 73, 74)
Registration
Section (14 & 21)
Book-keeping and Invoicing Requirements
Section (22-25AA)
Returns
Section (26, 27-29)

25

Chapters I, II, III & IV

First, Second and Third Schedules together with relevant portions of Sixth Schedule.

RECOMMENDED BOOKS & OTHER RESOURCES


CORE READINGS
TITLE
AUTHOR
Income Tax Ordinance 2001
Complete In come Tax Law

Sheikh Asif Salam

Federal Tax Laws of Pakistan


Income Tax
Synopsis of Taxes in Pakistan

Huzaima Bukhari / Dr. Ikramul Haq


Khalid Petiwala
Mirza Munawar Hussain

Sales Tax, 1990

Tariq Najeeb Choudhry

PUBLISHER
Govt. Of Pakistan
S. A. Salam Publications,
Lahore.
Lahore Law Publications.
Petiwala Publishers
IBP Publications, Lahore.
Tariq Najeeb Corporation,
Lahore.