Taxation and Auditing syllabus

Taxation and Auditing

• 1 Introduction to Taxation (2 LHs)

  • Meaning and Objectives of Tax
  • Classification and Canons of Taxation
• 2 Taxation of Income in Nepal (6 LHs)

  • Evolution and Features of Income Tax Law
  • Tax Accounting and Timing
  • Capital and Revenue Concepts
  • Taxpayer Classification and Status
  • Heads and Sources of Income
• 3 Tax Exemptions, Concessions, Tax Rates and Withholding Payments (5 LHs)

  • Common Deductions and Non-deductible Expenses
  • Tax Rates, Rebates, and Concessions
  • Special Provisions and Losses
• 4 Computation of Taxable Income and Tax Liability from Employment (6 LHs)

  • Employment Income and Non-chargeable Income
  • Valuation of Perquisites
  • Allowable Reductions and Tax Liability
• 5 Computation of Taxable Income and Tax Liability from Business (10 LHs)

  • Business Income and Admissible Expenses
  • Assessable and Taxable Income
  • Tax Liability of Business Entities
• 6 Computation of Taxable Income and Tax Liability from Investment (3 LHs)

  • Investment Income and Asset Disposal
  • Admissible Expenses and Tax Liability
  • Capital Gains Tax
  • Total Taxable Income from Multiple Sources
• 7 Tax Administration and Official Documentations (3 LHs)

  • Tax Authorities and Taxpayer Rights and Duties
  • Documentation and Tax Assessment
  • Payment, Collection, Refund, and Set-off
  • Penalties, Review, and Appeal
• 8 Value Added Tax (3 LHs)

  • VAT Concept, Principles, and Types
  • VAT Computation, Collection, and Refund
  • VAT Registration, Invoices, Penalties, and Appeal
• 9 Introduction to Auditing (2 LHs)

  • Meaning, Scope, and Types of Auditing
  • Errors, Frauds, and Their Detection
  • Auditor Qualifications, Appointment, Rights, and Duties
• 10 Audit Functions (6 LHs)

  • Audit Planning, Programme, and Working Papers
  • Internal Check, Control, and Audit
  • Statutory Audit
  • Vouching, Verification, and Valuation
• 11 Audit Report and Auditing Standard (2 LHs)

  • Audit Report: Concept, Contents, and Types
  • Auditing Standards