Procedure for Assessment and Collection of Tax
Procedure for Assessment and Collection of Tax
Course: Taxation Management
Semester: Summer’2010
Submitted By: Atiqua Masood Saya (8090) Preeti Adwani (7958) Shumaila meer (7583) Shafaq Zehra Rehmani (12044) Urooj Bibi (7218) Submitted To: Mr. Farrukh Ansari Submitted On: 25st July’ 2010
LETTER OF ACKNOWLEDGEMENT
July 25, 2010
Dear Readers,
A project of this nature and magnitude was a very good learning experience. We owe a debt of gratitude to those people who aided us in the compilation of this report.
Firstly, we thank Almighty Allah for giving us the strength to compile this report. For general information and guidance, we are especially indebted to our invaluable instructor Mr. Farrukh Ansari.
We would also like to thank our senior students, who are always there to help and guide us whenever needed.
Thanking you.
Sincerely,
Atiqua masood
Preeti Adwani
Shumaila meer
Shafaq Zehra Rehmani
Urooj Bibi
LETTER OF TRANSMITTAL
July 25, 2010
Mr. Farrukh Ansari (Instructor)
Taxation Management
Iqra University,
Karachi .
Dear Mr. Farrukh Ansari,
Here is the report, which you authorized us for the course of Taxation Management, which had been an essential part of our curriculum for the course.
This report discusses about the procedure for Assessment and Collection of Tax.
We have been able to apply the concepts taught by you in this report and would like to show gratitude for providing us the necessary guidelines to be a successful taxation manager in future. Sincerely,
Atiqua masood Saya
Shumaila meer
Preeti Adwani
Shafaq Zehra Rehmani
Urooj Bibi
INCOME TAX
Taxation according to a person’s ability to pay is universally accepted principle, and income is considered a satisfactory though not a sufficient index of such
Course: Taxation Management
Semester: Summer’2010
Submitted By: Atiqua Masood Saya (8090) Preeti Adwani (7958) Shumaila meer (7583) Shafaq Zehra Rehmani (12044) Urooj Bibi (7218) Submitted To: Mr. Farrukh Ansari Submitted On: 25st July’ 2010
LETTER OF ACKNOWLEDGEMENT
July 25, 2010
Dear Readers,
A project of this nature and magnitude was a very good learning experience. We owe a debt of gratitude to those people who aided us in the compilation of this report.
Firstly, we thank Almighty Allah for giving us the strength to compile this report. For general information and guidance, we are especially indebted to our invaluable instructor Mr. Farrukh Ansari.
We would also like to thank our senior students, who are always there to help and guide us whenever needed.
Thanking you.
Sincerely,
Atiqua masood
Preeti Adwani
Shumaila meer
Shafaq Zehra Rehmani
Urooj Bibi
LETTER OF TRANSMITTAL
July 25, 2010
Mr. Farrukh Ansari (Instructor)
Taxation Management
Iqra University,
Karachi .
Dear Mr. Farrukh Ansari,
Here is the report, which you authorized us for the course of Taxation Management, which had been an essential part of our curriculum for the course.
This report discusses about the procedure for Assessment and Collection of Tax.
We have been able to apply the concepts taught by you in this report and would like to show gratitude for providing us the necessary guidelines to be a successful taxation manager in future. Sincerely,
Atiqua masood Saya
Shumaila meer
Preeti Adwani
Shafaq Zehra Rehmani
Urooj Bibi
INCOME TAX
Taxation according to a person’s ability to pay is universally accepted principle, and income is considered a satisfactory though not a sufficient index of such
References: 1. FBR website 2. Khalid Petiwala’s Tax notes 3. Tax Ordinance 2001.