The purpose of the course is to help students understand the law and application of key types of business taxes. The course aims to build upon the concepts covered in Income Tax Law ordinance 2001, and this subject is assumed knowledge. Topics to be covered include an Introduction to Business Taxes, definition of persons, income, exemptions, assessment, recovery and refund of taxes. The course will apply the concepts to facilitate Tax Planning, and in particular with respect to highlighting the various issues on the acquisition and disposal of a business Taxation.
CLO1: Student will be able to understand the basic concept of taxation with reference to its types and nature that enable them to understand the importance of taxation and its linkage with society.
CLO2: Students will b able to identify the purpose of Taxation in real-world organizations, identified the type of different organization and their tax implementation. Also they able to identify the role of taxation for the improvement of society.
CLO3: Students will be able to demonstrate the concept of business taxation and the basic tax exemptions on the different type and functions of a business.
CLO4: Students will be able to evaluate the firm’s taxes and the techniques that help the organization to minimize their tax.
CLO5: Students will be able to distinguish ethical corporate actions, and understand how unethical behaviour can lead to a loss of value and decline of a firm and also its impact on society.