ICMAP

SYLLABUS 2016
Estd. 1951

GRADUATION LEVEL
G5 - Business Taxation
Weightage

Part-B
Part-A Income Tax Laws 75%
Part-A
Part-B Sales Tax Laws 25%

Syllabus Overview: Learning Outcomes:

On completion of this course, students should be able to:
This course covers Income Tax Ordinance, 2001, the
l Understand the objectives of levy of taxation, and its
Income Tax Rules, 2002 and indirect tax Laws such as the basic concepts
Sales Tax Act, 1990, Sales Tax Rules, and Federal Excise l Comprehend the system of taxation in Pakistan
Act as amended to-date. The objective of this course is to l Explain provisions of Income Tax Laws mainly
equip the students with an in-depth knowledge of direct relevant to individuals and association of persons
and corporate entities
and indirect tax laws applicable in Pakistan.
l Elucidate relevant Sales Tax Laws and rules
Detailed Contents Weightage Level of
in % Study Required
PART-A: INCOME TAX LAWS
Income Tax Ordinance, 2001
1. Preliminary l Section (1-3) U
2. Charge of Tax l Section (4,5) U
3. Tax on Taxable Income l Computation of Taxable Income A
Section (9-11)
l Salary A
Section (12-14)
l Income from Property A
Section (15-16)
l Income from Business D
Section (18-36)
l Capital Gains A
Section (37-38)
l Income from Other Sources 75 U
Section (39-40)
l Exemptions & Tax Concessions U
Section (41-55)
l Losses A
Section (56, 57, 58, 59, 59A)
l Deductible Allowances D
Section (60,60A,60B,64A,64AB)
l Tax Credits D
Section (61-63, 65, 65A)
4. Common Rules l General U
Section (66-73)
l Tax Year U
Section (74)
l Assets A
Section (75-79)

Institute of Cost and Management Accountants of Pakistan

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 ICMAP

SYLLABUS 2016
Estd. 1951

5. Provisions l Central Concepts U

Governing Person Section (80-84)
l Individuals U
Section (86-91)
l Association of Persons A
Section (92)
6. International l Geographical Source of Income U
Section (101)
l Taxation of Foreign Source Income of Residents U&A
Section (102-104)
7. Anti Avoidance l Section (108-112) A
8. Minimum Tax l Section-113 D
9. Procedure l Returns A
Section (114-119)
l Assessment U
Section (120-126)
l Appeals U
Section (127-136)
l Collection and Recovery of Tax U
Section (137-146B)
l Refunds U
Section (170-171)
l Records, Information Collection and Audit U
Section (174-180)
l Taxpayer's Registration U
Section (181-181C)
10. Administration l General U
Section (207-227B)
l Directorates General U
Section (228-230) & Section (230A-230C)
11. Income Tax l Rules 1-16, 20-27 & 76-90 U
Rules, 2002
12. Procedure l Advance Tax and Deduction of Tax at Source A
Section (147-169) - First Schedule
l Representatives U
Section (172-173)
l Penalty U
Section (182-183)
l Offences and Prosecution U
Section (191-204)
l Default Surcharge U
Section (205-205A)
l Circulars U
Section (206-206A)
13. Transitional Advance l Section (231A-236V) - First Schedule A
Tax Provisions
14. Miscellaneous l Section (237-240) U

Institute of Cost and Management Accountants of Pakistan

(Constituted under Cost and Management Accountants Act, 1966) 89
 ICMAP

SYLLABUS 2016
Estd. 1951

PART-B : SALES TAX LAWS

15. Sales Tax Act, 1990 l Preliminary U
Section (1-2)
l Scope and Payment of Tax A
Section (3-13, 73, 74)
l Registration 25 A
Section (14 & 21)
l Book-keeping and Invoicing Requirements A
Section (22-25AA)
l Returns A
Section (26, 27-29)
16. Sales Tax Chapters I, II, III & IV U
Rules, 2006
First, Second and Third Schedules together with relevant portions of Sixth Schedule.

TOTAL WEIGHTAGE 100

NOTE:-
U = Understanding
A = Application
D = Decision

Institute of Cost and Management Accountants of Pakistan

90 (Constituted under Cost and Management Accountants Act, 1966)