What is CTP?

CTP is termed as “Certified Tax Practitioner”. ITT has designed this training as a self- employment opportunity for the related education professionals. This aims to enhance the confidence and skills of the professionals for commercial and corporate practices.

Appearance by Authorized Representative

•      Any taxpayer who is entitled or required to attend before the Commissioner, the Commissioner (Appeals) or the Appellate Tribunal in connection with any proceeding under this Ordinance may, except when required under section 176 to attend personally, attend by an authorized representative.
•      For the purposes of this section and subject to sub-section (3), an authorized representative of a taxpayer shall be a person who is a representative of the person under section 172 and any of the following persons, namely:– 
•       (a) A relative of the taxpayer; 
•      (b) A current full-time employee of the taxpayer;
•      (c) Any officer of a scheduled bank with which the taxpayer maintains a current account or has other regular dealings; 
•      (d) Any legal practitioner entitled to practice in any Civil Court in Pakistan; 
•       (e) Any accountant; or   
•      (f) Any income tax practitioner.  
•      In this section –   “accountant” means –
•       (a)    a chartered accountant within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961);  
•      (b)    a cost and management accountant within the meaning of the Cost and Management Accountants Act, 1966 (XIV of 1966); or 
•       (c)    a member of any association of accountants recognized for the purposes of this section by the Central Board of Revenue; and 
•      “income tax practitioner” means a person who is registered as such by the Central Board of Revenue, being a person who possesses such qualifications as may be prescribed for the purposes of this section or who has retired after putting in satisfactory service in the Income Tax Department for a period of not less than ten years in a post or posts not below that of Income Tax Officer.

CTP

A step towards

•      Self- Employment
•      Better Job Opportunities
•      Better Tax Collection
•      Transparent Tax History
•      Tax Awareness
•      Working confidence through Practical and real time trainings
•      Providing Trained resources to corporate and commercial market

What Areas Of Practice It Cover

•      Tax Registration Requirements
•      Tax return Filing practice:
•      Income Tax
•      Sales Tax
•      With Holding Tax
•      PRA/KPRA/SRB
•      Final Account Preparation
•      Business Performance Analysis
•      Accounting Software Usage
•      Business Feasibility Report Making
•      Business Registration from multiple departments, SECP Registration of Firms, IPO, PSW, PEC.
•      Business compliance requirements & understanding of compliance procedure
•      Audited Accounts requirements from Departments
•      Internal Audit Practice
•      Understanding of Tax Notices and its compliance procedures
•      Understanding of FBR Authorities and Appeal Procedures
•      ITP Preparation
•      Job Interview Preparation
•      Test Assessment

Training methodology

•      Practice on Portal (IRIS)
•      Data Collection techniques
•      Privacy Ethics during assignment
•      Real time industry data & case studies

Trainers Approach

•      CA, ACCA, LLB, Experienced corporate and commercial practitioners
•      Qualified Trainers
•      Field related experience from BIG 4 audit firms, multi-nationals or good corporate sector for better exposure
•      Supervision in Assignments
•      Query responsive

ITT Admission Criteria

Professional Qualification

C.A Inter, CIMA inter, ACCA part qualified, CPA part qualified, CMA part qualified PIPFA part qualified.

Academic Qualification

•      B.com /M.com
•      BBA / MBA
•      B.SC / M.SC (Accounts & Finance)
•      LLB/ LLM

Test Module

•      MCQ’s
•      Short Questions
•      Scenarios/Case Studies
•      Final Accounts Preparation
•      Tax Return on Portal

•      Income Tax
•      Sales Tax
•      Business Strategy
•      Financial Reporting
•      Tax Return on Portal
•      Ratio Analysis
•      Audit Techniques
•      Internal Audit
•      Tax Return