Routes to become Income Tax Practiotiner

Routes to become Income Tax Practiotiner - Printable Version

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Routes to become Income Tax Practiotiner - Alia - 09-20-2004

Hello

I am a student of BCom and am in final year now. I want to get a good job in the field of Income Tax but due to the reason that no 1 in my family has chosen the Commerce education, I am totally unaware of all the opportunities related to education and job in this sector.

Can u please tell me what courses i should do after I have cleared (Inshallah) my Bachelors? I really want to go to an Income Tax related organisation... of IF not that, then I want to get some good job in Accounting...

Thankyou.

- smraza - 09-20-2004

Start LLB and join any income tax practitioner, if u want to become expert in income tax.
and if u want to choose Accounting as career, then you can do ACCA, CA, ACMA etc. by doing CA and ACCA (i m not aware about ACMA) you can choose taxation as your career.

SMR

- Alia - 09-20-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Start LLB and join any income tax practitioner, if u want to become expert in income tax.
and if u want to choose Accounting as career, then you can do ACCA, CA, ACMA etc. by doing CA and ACCA (i m not aware about ACMA) you can choose taxation as your career.

SMR
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

can i not do anything related to income tax by remaining in the Commerce side?

- label - 09-20-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Hello

I am a student of BCom and am in final year now. I want to get a good job in the field of Income Tax but due to the reason that no 1 in my family has chosen the Commerce education, I am totally unaware of all the opportunities related to education and job in this sector.

Can u please tell me what courses i should do after I have cleared (Inshallah) my Bachelors? I really want to go to an Income Tax related organisation... of IF not that, then I want to get some good job in Accounting...

Thankyou.

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

It might help if you chose to prospective employers or researched the type of position you want and then look at the education/ experience criteria for the position. Alternatively you could also speak to tutors and look in the positions vacant in the National/ Local Newspaper.

In order to work in the tax field you would need to cover tax laws - is that covered in your current studies in Commerce.

To get an Accountancy role or career in Accountancy I think the UK/ Pakistan differ a lot. I would say try to get some experience first and then aim for a professional qualification that will aid you in your career.

Hope that helps!

--------------------------
See Ya
-)
Visit www.accountancystudents.co.uk

- shehzad - 09-20-2004

( Start LLB and join any income tax practitioner, if u want to become expert in income tax.
and if u want to choose Accounting as career, then you can do ACCA, CA, ACMA etc. by doing CA and ACCA (i m not aware about ACMA) you can choose taxation as your career.

SMR )

Dear Mr.Raza

Dig this

An ACMA ( even an ACMA inter ) can get him/herself registered as an I.T.P.

On the contrary ( correct me if i am wrong ) an ACCA goes through the U.K. variant of Taxation ( Most prob. from Dec 2004 onwards they will have the option of the Local one ) .

Thanks for your gullible confession .

Just a pc of advice

- Alia - 09-20-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Dig this

An ACMA ( even an ACMA inter ) can get him/herself registered as an I.T.P.

On the contrary ( correct me if i am wrong ) an ACCA goes through the U.K. variant of Taxation ( Most prob. from Dec 2004 onwards they will have the option of the Local one ) .

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

Sorry... but what is this I.T.P.???

- Pracs - 09-21-2004

ITP - refers to Income Tax Practitioner... following people can register themselves as ITP

A Practicing lawyer (having articled n number of years with an Income tax lawyer)

A part qualified cost accountant / Qualified ACMA
A part qualified chartered accountant / Qualified CA
A Qualified Public accountant (APA).

In Pakistan most of the big corporate tax accounts are held by firms of Chartered Accountants, a lot of other Tax accounts are handled by other ITPs...

A lot more depends on what your future aspirations are; to be an ITP,.. a broader accounting - tax career ?? ofcourse how much time and money you can invest in realising your career ??

"Allah does not change the state of people unless they change what is within themselves" Quran 1311

- Alia - 09-21-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
ITP - refers to Income Tax Practitioner... following people can register themselves as ITP

A Practicing lawyer (having articled n number of years with an Income tax lawyer)

A part qualified cost accountant / Qualified ACMA
A part qualified chartered accountant / Qualified CA
A Qualified Public accountant (APA).

In Pakistan most of the big corporate tax accounts are held by firms of Chartered Accountants, a lot of other Tax accounts are handled by other ITPs...

A lot more depends on what your future aspirations are; to be an ITP,.. a broader accounting - tax career ?? ofcourse how much time and money you can invest in realising your career ??

"Allah does not change the state of people unless they change what is within themselves" Quran 1311
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

Thank you ver much Mr. Pracs, ur post has really helped me. If i want to be an ITP, what should i do after my BCom? I mean if i go for ACMA would it be okay? and please also give me some good institutes' names if u can where i can do ACMA. I;m totally new to the commerce side but want to do something good...

Thank you.

- Azeem Shah Khan - 09-21-2004

Alia

to become an ACMA you need to register with ICMAP (Institute of Cost and Management Accoutants of Pakistan). minimum eligibilty is Bachelors in any decipline, B-Com will help you alot atleast till foundation stage. there are six parts altogether divided in two stages

Foundation Stage
2 parts - Foundation1 and Foundation 2

Professional Stage
Professional 1, Professional 2, Professional 3 and Professional 4

each part takes a minimum of 6 months, so if you manage to clear all in first go - you can complete an CMA within 3 years.

you can find more info on http//www.icmap.com.pk

ICMAP has campuses all over Pakistan, 2 campuses in Karachi, one in Soldier Bazar and Head Office just behind NIPA Chowrangi. You dont have to join any other college as regular classes are held within ICMAP for all the stages, although you can opt for a correspondence course (recommended if you are working) in which you dont have to take classes instead you have to submit required number of assignments on given topics.

hope this will help.

azeem

- Alia - 09-22-2004

Hello

Thanks to ALL of you I must say all of u have really helped me... Most specially smraza Pracs and Azeem Shah.

thanks again

All the best to all for .. whatever u want to do Wink

Byeeeeeeeeeeeeeeeeeeeeeeeee

- Pracs - 09-24-2004

<img src=icon_smile.gif border=0 align=middle>

"Allah does not change the state of people unless they change what is within themselves" Quran 1311

- Azeem Shah Khan - 09-24-2004

Thanks for the acknowledgement.

by the way i like to be called either Azeem or Azeem Shah Khan )
somehow Azeem Shah looks incomplete )

azeem

- Alia - 09-25-2004

okay Azeem..

I didn't know I had written half of your name.

by the way ... soooo sorry to bring this thing in an ACCOUNTANCY forum... i know it's totally senseless, but does ANYYY of you like Harry Potter books??? Not movies, i mean books.

<img src=icon_smile_shy.gif border=0 align=middle>

- Apocalypse - 09-25-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>

by the way ... soooo sorry to bring this thing in an ACCOUNTANCY forum... i know it's totally senseless, but does ANYYY of you like Harry Potter books??? Not movies, i mean books.

<img src=icon_smile_shy.gif border=0 align=middle>

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

these types of discussions can be done on 'general discussions' forum, create a new topic there and we all can share our views on harry potter books.

yes J.K Rowling has written a masterpiece all 5 of them and i am sure that the story will get more interesting when the sixth book will be released on the new year

- Azeem Shah Khan - 09-25-2004

its not senseless........you can discuss anything on this forum but as APOCLYPSE mentioned under General Discussion folder.

yes most of us love reading books.

regards

azeem