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That’s great news for aspiring Income Tax Practitioners (ITPs) in Bangladesh!
With the ITP exam scheduled for 26 April 2025, there’s just enough time to prepare smartly and efficiently. Here’s a detailed guide to help students prepare for the exam:
🧾 ITP Exam Preparation Strategy (Bangladesh)
📌 Step 1: Understand the Syllabus & Exam Format
First, check the official syllabus provided by the National Board of Revenue (NBR) or the Taxes Bar Association. The typical ITP exam includes:
- Income Tax Ordinance 1984
- Income Tax Rules 1984
- Finance Act (Latest)
- Professional Ethics
- Practical case studies (return filing, assessment, etc.)
👉 You should know:
- Important sections (e.g. Section 82C, 52, 53, 111, 143, 144)
- TDS and VAT provisions (basic level)
- Latest tax rates for individuals, firms, and companies
- Penalty and prosecution provisions
- Filing procedure for return, SROs, circulars
📌 Step 2: Make a 1-Week Study Plan
With limited time left, here’s a quick 7-day plan:
| Day | Focus Area |
|---|---|
| Day 1 | Income Tax Ordinance – Basics + Definitions |
| Day 2 | Heads of Income + Deductions |
| Day 3 | Tax Computation + Rates + Rebates |
| Day 4 | Return filing, Assessment, Penalties |
| Day 5 | Finance Act 2024-25 (important changes) |
| Day 6 | Practical Cases + Ethics |
| Day 7 | Full Revision + Mock Test |
📌 Step 3: Study Materials to Use
- 📘 NBR’s Published Income Tax Ordinance & Rules
- 📘 Latest Finance Act (2024-25)
- 📘 Books by Renowned Authors like A.Y. Mollah or Saifur’s ITP Guide
- 📄 Bangladesh Gazette updates & circulars
- 📚 Practice from past ITP exam questions
📌 Step 4: Practice Writing Answers
Since it’s a descriptive exam:
- Practice writing clear and concise tax computations
- Solve past questions under timed conditions
- Try a mock exam on Day 7
📌 Step 5: Join a Crash Course of Income Tax Practitioners (ITP) (Optional but Helpful)
Many local Taxes Bar Associations and coaching centers run 7-day crash courses or online sessions. These can be very useful for quick revisions and understanding recent Finance Act changes.
📝 Bonus Tips
- Highlight key sections in your law book
- Use flashcards for memorizing section numbers
- Keep a “Finance Act Cheat Sheet” handy
- Stay updated on the latest tax circulars
If you’d like, I can help you:
- Create a customized day-by-day plan
- Provide a sample mock question paper
- Share important sections from the Finance Act 2024-25
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