Tax Management

M.Com Fall 2014

Project Description

Brief:

Income from salaried person tax return filing in FBR for assessment year 2014

Groups of 4-5 students will choose a salaried person collect the salary sheet and also collect
information other source of income of that salaried person.
Project Detail:
Students will complete this project in two phases. Report will be submitted at the end of each
phase on the decided dates.
Phase I:
Following should be completed in this phase:

Brief overview of salaried person.

Brief introduction about other source of income.
Nature of employment.
Define basic rule of exemption.
Define the rate of taxes
Define the treatment of employer facilities.

Phase II:
Explain the history and working of FBR.
What is the procedure of Tax return filing?
Complete the basic requirement of return filling.
After fulfilling the FBR requirement and completing the documents and define the procedure of
return summission.
Marking Criteria:
Each phase contain 50% marks of the total describe in course detail.
Rules and Regulations:
Late submission will not be entertained
Members of each group will be evaluated individually
Groups working on same company with identical reports will awarded zero marks.