By the end of this program participants will be able to:

• Understand basic mechanism of the Taxation system
• Understand transaction-level tax implications through various scenarios
• Provide relevant inputs to management on tax implications
• Have effective conversations with Tax Advisors
• Evaluate critically tax treatments proposed by Tax Advisors
• Communicate with the authorities in coordination with Tax Advisors.
• Understand implications of amendments enacted through the Finance Act.

Basic Concepts & Overview of Taxation System – 0.5 hour

• Overview of basic concepts (Principle of source, principle of geographical location and heads of income etc.)
• Overview of taxation system and machinery in Pakistan

Income from Property – 1 hour

• Inclusions & exclusions from income from property
• Concept of Fair Market Value (FMV) of rent
• Types of deductions allowed under the head income from property

Capital Gain – 1.5 hours

• Definition of capital gain and rules around acquisition, disposal, cost and consideration received
• Definition of securities under section 37A
• Deduction of losses under the head capital gains

Income from Other Sources – 1 hour

• Inclusions & exclusions from income from other sources
• Deduction of losses under the head income from other sources

Income from Business – 3 hours

• Definition of business
• Deductions against income from business
• Rules for apportionment
• Special deductions (Depreciation, initial allowance, amortization, bad debts, profit on debt, lease payments)
• Deductions not allowed under the head income from business

Losses & Group Taxation – 1 hour

• Treatment of business losses
• Unabsorbed depreciation & amortization
• Group taxation
• Group relief
• Intercorporate dividend

Deductible Allowances and Credits – 1 hour

• Deductible allowances - Zakat
• Deductible allowances - Workers' Welfare Fund (WWF)
• Deductible allowances - Workers' Profit Participation Fund (WPPF)
• Credits - Charitable donations
• Credits - Employment generation by manufacturers
• Credits - Equity investment on expansion of machinery or new project
• Credits - Specified industrial undertakings

Special Aspects of Income Tax Computation – 1 hour

• Turnover tax
• Alternative corporate tax
• Quarterly advance tax

Tax Regimes & Withholding Taxes – 2 hours

• Overview of tax regimes
• Withholding tax provisions - Separate Tax Regime
• Withholding tax provisions - Presumptive Tax Regime
• Withholding tax provisions - Minimum Tax Regime
• Withholding tax provisions - Adjustable Taxes

Rajlain is on a lifelong mission to empower individuals, helping them unlock their fullest potential. His dedication is centered around cultivating business and leadership acumen in all those he engages with.

His programs transcend typical training sessions, offering a unique blend of case studies, simulations, and real-life experiences. These programs are meticulously designed to stimulate critical thinking, arming participants with the tools and the confidence to thrive in any business environment.

As a Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP) with 10+ years of experience in the field, Rajlain brings a wealth of knowledge and experience to the forefront. His professional journey, which includes tenures at PwC Pakistan and PwC New Zealand, has honed his expertise in the domains of accounting, taxation, and business advisory.

Over the past decade, Rajlain has engaged with a diverse clientele, both local and international, spanning across various industries. His portfolio ranges from Pharmaceuticals to FMCGs, E-Commerce, and Mobile Money Networks, demonstrating his adaptability and capacity to provide valuable insights in a broad spectrum of sectors.

In addition, Rajlain holds the role of Director at Ingenium, a leadership, finance, and digital learning specialist for corporates, and serves as a Partner at Redwood Global Services, an accounting outsourcing and advisory firm with a global presence in Canada and Pakistan. These roles represent his commitment to bridging the gap between expertise and application, aiding businesses in achieving their financial goals.

Rajlain's commitment to his profession extends to his service on multiple committees at ICAP. He is part of various committees, including the Professional Accountants In Business (PAIB) Committee and the Incubation Committee.

• Business finance professionals with or without core taxation backgrounds.
• Non-core taxation professionals, including MBAs, CFAs, and Business Graduates.
• Those with practical experience in areas like business finance, planning, treasury, commercial finance, budgeting, and M&A strategy.
• Professionals with core taxation backgrounds such as CA/ICMAs looking for a refresher and update.
• Individuals seeking to bridge the gap between financial acumen and taxation knowledge.
• Anyone aiming to build a strong foundation in taxation or stay updated with the latest tax regulations and strategies.

TBU