Practical Application of
Income Tax Management
Industry Expert Faculties
Our trainers are highly experienced Finance professionals who bring real-world expertise to the classroom.
Omar Faruk Ripon
FCA, ACS, LLB, FCGA, ITP, VC, FFA, FIPA,
Chief Financial Officer (CFO) of Panna Group
Former:
• CFO & SR. Executive Director of Walton Hi-Tech Industries PLC
• CFO of Globe Pharmaceuticals Group
• CFO of National Polymer Industries PLC
• Square Pharmaceuticals PLC
• ACME Laboratories PLC
• SEARS Electronics Ltd.
25 years of extensive experience in the fields of Accounts, Finance, treasury, VAT, Taxation,Internal Audit, Compliance, Secretarial Practices, Corporate Governance, Financial Reporting, Fixed Assets Management, and Supply Chain Management.
He is a Fellow/Associate Member of multiple prestigious professional bodies, including:
• ICAB (The Institute of Chartered Accountants of Bangladesh)
• ICSB (The Institute of Chartered Secretaries of Bangladesh)
• ICGAB (The Institute of Certified General Accountants of Bangladesh)
• IIAB (The Institute of Internal Auditors Bangladesh)
• DTBA (Dhaka Taxes Bar Association)
• BVPF (Bangladesh VAT Professionals Forum)
• BAA (Bangladesh Accounting Association)
- Course Duration: 1.5 Months
- Class Duration: 2 Hours
- Total Session: 8
- Ongoing Batch: Batch 06
- Class Starts: 29 May, 25
- Classes on: Sunday & Thrusday
- Classes Time: 09:00 PM - 11:00 PM
Course Content
Module 1: Introduction to Income Tax in Bangladesh
- Background of Income Tax in Bangladesh
- Brief of Income Tax Act, 2023 (ITA, 2023)
- Role and Structure of NBR (National Board of Revenue)
- Scope and Sources of Knowledge (Circulars, Rules, SROs, etc.)
Module 2: Foundations – Terms, Forms & Authorities
- Important Terms and Definitions
- Authorities Involved in Income Tax Administration
- Commonly Used Forms (e.g., IT-10B, 10BB, PSR, SC)
- Mandatory Submissions & Deadlines
Module 3: Heads of Income and Their Application
- 7 Heads of Income with Explanation
- Additional Heads or Special Incomes
- One Model Problem covering all heads
Module 4: Withholding Tax (TDS) and Time Frame
- Definition and Scope of Source Tax
- Time Frame for Deduction and Deposit
- Model Examples on TDS Computation
- PSR Filing, Return Submission
Module 5: Tax Planning & Strategic Compliance
- Planning to Reduce Tax Burden
- Tax Credit, Rebate, Exemption, Holidays
- Non-Assessable Income, Refunds
- Advance Tax, Final Tax vs. Regular Tax
- Minimum Tax Rules
Module 6: Assessment Procedures
- Types of Assessments (Self, Spot, Best Judgment, etc.)
- Practical Examples on Tax Computation and Assessment
- Filing of Appeals
Module 7: Return Filing & Computation Models
- Return Filing Process for Individuals
- Return Filing Process for Companies
- Model Problem for Each Category
- Documentation Requirements
Module 8: Accounting-Tax-VAT Integration
- Correlating Financial Accounts with Tax Returns
- Reconciliation with VAT
- Accounting Standards vs. Tax Provisions
- Reporting Schedules, Fines, and Penalties
- Mandatory Submission, Time of Submission, PSR, S/C, IT-10B, 10BB
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