BRACK University

BRACK Business School (BBS)

BBA Program

Course Title: Fundamentals of Taxation Course Code : ACT 423

Course Objectives:
This course introduces fundamental concepts in income taxation including the definition of income, the
computation of tax liability, exclusions from income, basis, deductions available for individuals, in
computing taxable income, and assignment of income. The course will also present brief overviews of
Income Tax administration.
During the course participants will get exposure to the current tax computation system of Bangladesh and
expected to complete at least comprehensive tax return preparation problem to gain familiarity with the tax
compliance process.

Reference books : Law and practice of income tax in Bangladesh : A.M. Mahmudur Rahman
: Income Tax Ordinance-1984
Course Outline:
Session: 01
Definition of taxation, basic principles of a good taxation system, direct & indirect taxation, impact,
incidence and shifting of taxation and direct & indirect taxation.
Session: 02
Evolution taxation policy, pre independence and post independence of Bangladesh
Session: 03
Income tax authorities, appointment of income tax authorities, delegation of powers, subordination and
control ,jurisdiction of income tax authorities, exercise of jurisdiction by successor, subordination to the
Board of Revenue.
Session: 04
Charges of income tax, charges of surcharge, charges of minimum tax, charges of dividend distribution tax,
scope of total income, unexplained investments, etc, deemed to be income, special tax treatment in respect
of investments.

Sessions: 05&06
Computation of income from salaries
Sessions : 07&08
Computation of income from interest on securities
Sessions: 09&10
Computation of income from house property
Sessions: 11 & 12
Computation of agricultural income
Sessions: 12&14
Computation of income from business or profession
Sessions : 15&16
Computation of capital gains P.T.O.

Sessions 17-18
Computation of income from other sources
Session:19
Computation of income from royalties, literary works etc.
Session :20
Carry forward of losses
Session : 21
Advance payment and deduction of tax at source
Sessions: 22,23, 24
Return and Statements
Sessions : 25 & 26
Tax assessment

Examination Schedule: To be announced by the Office

Makeup Examination: Subject to prior permission from the Authority

Point Distribution: (subject to modification) Faculty: Kali Shankar Roy

1. Class Attendance : 05 kalishankar.roy@gmail.com
2. Class Test :15
3. Assignment (s) : 20
4. Mid Term Examination : 20

5. Final Examination : 40