CAF-2 Tax Practices by Sir Murtaza Quaid

This course is part of the CAF Group A Module

Students already enrolled: 10,000+

Fee: Rs 18,000

What you will Learn

Tax Practices focuses on providing students with a comprehensive understanding of taxation principles, practices, and regulations in Pakistan. It equips future chartered accountants with the knowledge and skills required to navigate the complex field of taxation and assist clients and organizations in complying with tax laws.

Course Content

1. Covers taxation fundamentals, including direct and indirect taxation implications, constitutional provisions, and ethics. Explains federal and provincial financial procedures, distribution of revenues, and the authority to raise taxes.

2. Additionally, it explores income tax laws, encompassing central concepts, computation of income and tax, and procedural aspects like returns, assessments, and appeals.

3. Addresses sales tax laws, focusing on tax scope, registration, and record-keeping requirements for businesses.

Additional Content

1. Constitutional provisions (Articles 78-88, 118-127, 160-165A) and sections (43-53 in Fourth Schedule) govern Pakistan's legal framework. The Code of Ethics (Sections 604.1-604.6A1) and various definitions (Section 2 clauses) provide guidance.

2. Income Tax Ordinance and Rules (including Income Tax Rules 2002) and the Sales Tax Act 1990 with related sections and chapters, like Chapter X Section 73, are central to tax regulation.

3. Sales Tax Rules 2006 and chapters (I-IV) encompass additional tax-related regulations, collectively forming Pakistan's comprehensive tax and legal framework.

Murtaza Quaid is an accomplished educator and distinguished professional in the realms of accounting and taxation. Holding the prestigious title of a Gold Medalist Chartered Accountant, Murtaza Quaid has achieved the highest levels of academic excellence in their field. Currently serving as the Partner at Maven Minds and as a respected co-founder at IQ School of Finance, they bring a wealth of real-world knowledge to their students. Impressively, Murtaza Quaid has shared their expertise with over thousands eager learners, making them a trusted and experienced mentor in the world of finance and taxation.