- Demonstrate detailed understanding of how to calculate taxable income and tax liability
- Demonstrate detailed understanding of how tax planning will significantly reduce tax size
- A complete understanding of documents requirement during filing return of income
- Demonstrate the way to fill up return of income form by taxpayer
HOW TO CALCULATE TOTAL TAXABLE INCOME AND TAX LIABILITY
A practical example will be used to cover the full tax calculation. From this example, the participant will be able o calculate his own taxable income, tax liability and tax rebate. They will also know where to invest or donate money to get tax credit facilities.
WHAT DOCUMENTS REQUIRE WITH RETURN OF INCOME
Full set of documents require with the return of income will be discussed. And from where they will collect those required documents will also be discussed in this section.
HOW TO FILL UP RETURN OF INCOME FORM
A prescribed form published by NBR will be used to give a practical knowledge to the participants so that they could able to fill up their own return of income form.