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Introduction to CAF2 & Syllabus Part 1

1. Introduction to CAF2

IntroductionFree

2. Objective, system and historical background, constitutional provisions and ethics

System of taxation in Pakistan

  • Chapter introductionBuy
  • History of tax lawsBuy
  • Objectives of tax lawsBuy
  • Tools of taxation and Tax strategiesBuy
  • Basics of taxationBuy
  • Principles of levyBuy
  • Characteristics of tax lawsBuy

Constitutional provisions on taxes

  • Chapter introduction Buy
  • Constitutional ProvisionsBuy

Ethics

  • Chapter introductionBuy
  • EthicsBuy

3. Income Tax

Basic concepts of taxation

  • Chapter introductionBuy
  • Tax Year Buy
  • Types of PersonBuy
  • Residential StatusBuy
  • Tax RegimesBuy
  • Common RulesBuy
  • Geographical Source of IncomeBuy
  • Important DefinitionsBuy

Salary Income

  • Chapter introduction Buy
  • 3 Important Questions - Geographical Source Buy
  • 3 Important Questions - Basis of TaxationBuy
  • 3 Important Questions - Residential Status Recently ChangedBuy
  • Salary Definition Part 1Buy
  • Salary Definition Part 2Buy
  • Salary Definition Part 3Buy
  • Salary Definition Part 4Buy
  • DeductionsBuy
  • Perquisites / Facilities / Benefits - PensionBuy
  • Perquisites / Facilities / Benefits - Commutation of PensionBuy
  • Perquisites / Facilities / Benefits - Gratuity and Commutation of PensionBuy
  • Perquisites / Facilities / Benefits - Provident FundBuy
  • Perquisites / Facilities / Benefits - Tax on Salary Born by EmployerBuy
  • Perquisites / Facilities / Benefits - Services Provided by Employer to EmployeeBuy
  • Perquisites / Facilities / Benefits - UtilitiesBuy
  • Perquisites / Facilities / Benefits - MiscellaneousBuy
  • Perquisites / Facilities / Benefits - Self Hiring of PropertyBuy
  • Perquisites / Facilities / Benefits - Superannuation FundBuy
  • Perquisites / Facilities / Benefits - Benevolent FundBuy
  • Exemptions - Foreign Govt OfficialsBuy
  • Diplomatic _ UN ExemptionsBuy
  • Exemptions under International AgreementsBuy
  • Exemptions - Perquisites without Marginal CostBuy
  • Exemptions - Special AllowanceBuy
  • Exemptions - WPPFBuy
  • Exemptions - Salary SeafarerBuy
  • Exemptions - Allowance to person working outside PakistanBuy
  • Exemptions - Full time Teacher or ResearcherBuy

Property Income

  • Chapter introduction Buy
  • 2 Important Questions - Geographical SourceBuy
  • 2 Important Questions - Basis of TaxationBuy
  • Rent Chargeable to TaxBuy
  • Allowable DeductionsBuy
  • Property Income - Other SourcesBuy

Business Income

  • Chapter introductionBuy
  • Business Definition Part 1Buy
  • Business Definition Part 2Buy
  • Basis of Taxation Part 1Buy
  • Basis of Taxation Part 1Buy
  • Speculation Business Buy
  • Deductions Allowed Buy
  • Deductions not allowed Part 1Buy
  • Deductions not allowed Part 2Buy
  • Deductions not allowed Part 3Buy
  • Deductions not allowed Part 4Buy
  • Assets Buy
  • Acquisition & Cost Part 1Buy
  • Acquisition & Cost Part 2Buy
  • Depreciation Buy
  • Initial AllowanceBuy
  • Disposal & ConsiderationBuy
  • Depreciation on asset partly used in businessBuy
  • Leasing BusinessBuy
  • Intangibles Buy
  • Pre commencement ExpenditureBuy
  • Scientific Research ExpenditureBuy
  • Bad DebtsBuy
  • Employee Training & FacilitiesBuy
  • Profit on Debt, Financial Cost and Lease Payments Part 1Buy
  • Profit on Debt, Financial Cost and Lease Payments Part 2Buy

Capital Gains

  • Chapter introduction Buy
  • 2 Important Questions - Geographical SourceBuy
  • 2 Important Questions - Basis of Taxation Buy
  • Capital Gains [S 37]Buy
  • Capital Gain on disposal of Securities [S 37A] Buy
  • Special provisions relating to Capital Gains tax [S 100B]Buy
  • Deduction of Losses from Capital Gains [S 38] Buy
  • Rule 13A 13PBuy
  • Bonus SharesBuy
  • ExemptionsBuy

Other Sources

  • Chapter introductionBuy
  • 1 Important Question - Basis of TaxationBuy
  • DefinitionBuy
  • Deductions Allowed Buy

Losses, deductible allowances, tax credits and exemptions

  • Chapter introductionBuy
  • Losses - SetoffBuy
  • Losses - Carry forward Buy
  • Lossies - LimitationsBuy
  • Losses - Foreign Source IncomeBuy
  • Deductible Allowances - ZakatBuy
  • Deductible Allowances - WWF, WPPFBuy
  • Deductible Allowances - Education ExpensesBuy
  • Tax Credits - IntroductionBuy
  • Tax Credits - Foreign Tax CreditBuy
  • Tax Credits - Foreign Tax Credit - NumericalBuy
  • Tax Credits - Part X, Chapter III Part 1Buy
  • Tax Credits - Part X, Chapter III Part 2Buy
  • Tax Credits - Advance Tax & Tax at source Buy
  • Exemptions - Section 41 - 55 Buy
  • Exemptions - 2nd ScheduleBuy

Taxation of Individual & AOP

  • Chapter introductionBuy
  • Principle of Taxation of Individual Buy
  • Deceased Individual Buy
  • Income of Minor ChildBuy
  • AuthorsBuy
  • Principles of taxation of AOPBuy
  • Individual as member of AOPBuy
  • Change in control of an entity Buy
  • Change in the constitution of an association of personsBuy
  • Discontinuance of business or dissolution of an AOPBuy
  • Succession to business, otherwise than on deathBuy

Tax Regimes

  • NTR, FTR, MTRBuy
  • FTR - Withholding Tax as Final TaxBuy
  • FTR - Tax Imposed as Final TaxBuy

Returns

  • Return of IncomeBuy
  • Wealth Statement Buy

Assessment, records and audit

  • Assessment, records, auditBuy

Appeals, references and petitions

  • Appeals References PetitionsBuy

4. Sales Tax

Sales Tax Numeric Aspects

  • Sales Tax Part IBuy
  • Sales Tax Part IIBuy
  • Sales Tax Part IIIBuy
  • Sales Tax Part IVBuy
  • Input tax - Determination of tax liabilityBuy
  • Input tax - Certain transactions not admissibleBuy
  • Input tax - Destruction of goodsBuy
  • Input tax - How much of input is adjustable Buy
  • Dr / Cr NotesBuy
  • Easier approach to NumericalsBuy

Sales Tax Theoretical Aspects

  • Registration, Deregistration, Suspension, BlacklistingBuy
  • What is important in theoryBuy

5. Interactive Zoom Sessions (for ICAP Question Bank and Past Papers)

Zoom Session Oct 2022

  • Zoom Session dated Oct 09, 2022Buy
  • Zoom Session dated Oct 16, 2022Buy

Zoom Session Dec 2022

  • Zoom Session dated Dec 11, 2022Buy
  • Zoom Session dated Dec 18, 2022Buy

6. Sales Tax Practice

Sales Tax Questions