Tax Returns Technician

TRT (Tax Return Professional)

⮚ Income Tax Registration

⮚ Income Tax Laws

⮚ Income Tax Returns

• Salaried
• Business Individual
•  AOP
• Corporate

Sections And Laws

• Definitions [SEC 2]
• Tax on taxable income [SEC 4]
• Taxable Income [SEC 9]
• Total income [SEC 10]
• Head of Income [SEC 11]
•  Salary [SEC 12]
•  Income from property [SEC 15]
• Incomes from business [SEC 18]
•  Depreciation [SEC 22]
• Capital Gains [SEC 37]
• Capital gain on disposal of securities [SEC 37A]
• Income from other sources [SEC 39]
• Deduction in computing income chargeable under the head “income from other sources” [SEC 40]
• Agriculture Income [SEC 41]
• Set off losses [SEC 56]
• Carry forward of business losses [SEC 57]
• Carry forward of speculation business losses. [SEC 58]
• Carry forward of capital losses [SEC 59]
• Minimum Tax on income of certain persons [SEC 113]
• Return of income [SEC 114]
• Tax payer’s profile [SEC 114A]
• Persons not required furnishing a return of income [SEC 115]
• Wealth Statement [SEC 116]
• Filing income and asset statement [SEC 116A]
• Notice of discontinued business [SEC 117]
• Method of furnishing returns and other documents [SEC 118]
• Revision by commissioner [SEC 122A]
• Revision by legal commissioner [SEC 122B]
• Agreed Assessment in certain cases [SEC 122D]
• Tax payer registration [SEC 181]
• Active Tax payer list [SEC 181A]
• Withholdings [SEC 148-156]
• Advance Tax [SEC 231-236]
• Deductible allowances [SEC 60]
• Tax credits [SEC 61-63]
• Tax Year [SEC 74]
• Resident and non-residence individual, AOP & Company [SEC 81-84]
• ACT [SEC 113C]
• Advance Tax [SEC 147]

Sales Tax Registration

• Registration and person required to be registered [Sec 14]
•  Registration application (Rule 5)
• Registration application (Rule 5)
• Compulsory registration (Rule 6)
• Change in the particulars of registration (Rule 7)
•  Transfer of registration (Rule 8)
•  De-registration (Sec 21)

Sales Tax Laws

• Sales Tax Act 1990
•  Punjab sales tax on services act 2012
•  Sindh sales tax on services act 2011

Sales Tax Returns

• Return [SEC 26]
• Extension of time for furnishing returns [SEC 26AB]
• Special Returns [SEC 27]
•  Final Return [SEC 28]