ITP (Income Tax Practitioner) Exam Question and Suggestion

Tax Deduct at Source Non-rasident

ITP (Income Tax Practitioner) Exam Question and Suggestion is most important to every student who are attained in ITP examination. Today I like to share with you about basic question of Accounting, Bangla & English of ITP examination. The Accounting, Bangla & English question are bellow-

Accounting- i)                   Definition of Accounting, ii)                 Describes the feature of gift, iii)              What is the transaction, iv)                What is the equation of accounting transaction, v)                 What is the double entry system, vi)               What are the procedure of double entry system, vii)            Describe the circle of Accounting, viii)          Describe the  modern procedure of debtors and creditors and also the equation, ix)               What is the meaning of journal, x)                  Definition of journal, xi)               What is the meaning of ledger and it’s definition, xii)             Difference between journal and ledger, xiii)          What is the definition of trail balance, xiv)           Why the trail balance is equal in both side, xv)             What is the meaning of contra entry with double entry, xvi)            What do you mean by final accounts, xvii)        What is the Authorized Capital and Paid up Capital, xviii)      Difference between Share and Stock


Bangla- i)   Bakka Songkochon/Akothai Prokas, ii)   Beporith Shobdha, iii) Ukti, iv)  Karok, v) Pad, vi)  Bachon, vii)  Beram Chinno, Joti Chinno, Chead Chinno, viii)   Sondhi, ix)  Somarthak Shobdha, x)  Latter, xi)   Application, xii)  Vabsomprosaron, xiii) Sarangsho, xiv)  Essay,

English- i)  English to Bengali, ii)   Bengali to English, iii)  Essay, iv)  Paragraph, v)  Letter/Application, vi)               Translation, vii)  Free Writing, viii)  Composition, ix) Grammar (Voice, Narration, Transformation of sentence, Degree)
I think so, the above topics are helpful for you, if you likes the suggestion please subscribe by chennal SaifSafe from Youtube

Work Order or Purchase Order format of Manufacturing company

Pre-Cost Format, Work Order or Purchase Order format

Work Order or Purchase Order format of Manufacturing company is very important to give an order to seller or service holder. It is also very important to maintain smooth commercial operation. The format not only is maintain within the manufacturing company also have maintaining any other enterprise or group of company, The below standard and smart format is describe your reference.

The work order is essential for every order confirm between buyer and seller. Here with the purchase order (PO) sheet are included few terms and condition. Which is maintaining when the order finally executed. The terms and condition are below-

TERMS & CONDITIONS: 
I)QUALITY SHOULD BE EXACTLY AS PER APPROVE SAMPLE
II)GOODS MUST BE DELIVERED ON MENTIONED DELIVERED DATE
III)GOODS NOT DELIVERED AS PER THE SPECIFICATIONS APPROVED BY BUYER MUST BE TAKEN BACK AND REPLACED IMMEDIATELY AT YOUR COST.
IV)IF GOODS HAS NOT BEEN DELIVERED WITHIN THE ABOVE MENTIONED DATE THEN 10% WILL BE DEDUCTED FROM THE TOTAL VALUE
V)WE WILL ALLOW MAX REJECTION%
VI)ANY DELAY UNWANTED ISSUE YOU HAVE TO BEAR THE COST
VII)PAYMENT BY LC, TRANSPORTATION BY ROAD, PARTIAL SHIPMENT ALLOWED.
VIII)MUST PROVIDE PRE-INSPECTION REPORT BEFORE DELI VAR THE GOODS
Work Order Terms and Condition


Bills of Exchange (BOE) Payment Realized Procedure

Bill Of Exchange

Bills of Exchange (BOE) Payment Realized Procedure is common process against letter of credit (LC). Bills of Exchange is a documentary acceptance payment method. We know every company recovery his credit by the process. Bill of Exchange is a trust worthy transaction to buyer and seller.

Letter of Credit

Below are the simple steps guide of how the payment method works:

  1. Supplier submits BOE, along with original payment documents to their bank.
  2. Suppliers bank submits BOE, and copy payment documents to Buyers Bank.
  3. Buyers bank submit BOE, and copy payment documents to Buyer for approval.
  4. Buyer approve BOE, on standard terms As sight/60/90 days.
  5. Buyer bank informs the suppliers bank that Buyer have accepted the BOE on standard terms.
  6. Suppliers bank release payment documentation including Bill of Lading to Buyer.
  7. On due date Buyer bank takes the money out of Buyer account and pays to the suppliers bank.

Import stage National Tariff 2018-2019

Import stage National Tariff 2018-2019

Import stage National Tariff 2018-2019 (CD, SD, VAT, AIT, RD and ATV) is most important to import a recondition car from abroad. The budget in 2018-2019 species from National Sangsad is given by Finance Minister. The newly 2018-2019 National Tariff of Bangladesh on import stage CD, SD, VAT, AIT, RD and ATV are on below on Recondition car above 1000CC or Below 1000CC, 1500CC.

HSCODE DESCRIPTION CD SD VAT AIT RD ATV TTI EXD
87022049 Built-up, having a seating capacity not >15, incl. the driver, excl. human hauler 25.00 0.00 15.00 5.00 3.00 5.00 60.31 0.00
87022050 CKD Motor vehicles 10.00 0.00 15.00 5.00 0.00 5.00 38.47 0.00
87023010 With both spark-ignition internal combustion reciprocating piston engine & electric.. 5.00 0.00 15.00 5.00 0.00 5.00 32.40 0.00
87023020 With both spark-ignition internal combustion reciprocating piston engine & electric.. 10.00 0.00 15.00 5.00 0.00 5.00 38.47 0.00
87023030 Built-up, having a seating capacity >15 but not exceeding 40, including the driver 10.00 0.00 15.00 5.00 0.00 5.00 38.47 0.00
87023041 Built-up, having a seating capacity not >15, incl. the driver, human hauler 25.00 0.00 15.00 5.00 3.00 5.00 60.31 0.00
87023049 Built-up, having a seating capacity not >15, incl. the driver, excl. human hauler 25.00 0.00 15.00 5.00 3.00 5.00 60.31 0.00
87023050 CKD motor vehicles 10.00 0.00 15.00 5.00 0.00 5.00 38.47 0.00
87024000 With only electric motor for propulsion 25.00 0.00 15.00 5.00 3.00 5.00 60.31 0.00
87029011 Built-up, Double Decker bus, Using CNG/LPG/LNG as fuel 5.00 0.00 0.00 0.00 0.00 5.00 11.65 0.00
87029019 Built-Up Double Decker Bus, Not Using Cng As Fuel 5.00 0.00 15.00 5.00 0.00 5.00 32.40 0.00
87029021 Built-up, having a seating cap of 40 or more exc. folding seats, CNG/LPG/LNG as fuel 10.00 0.00 15.00 0.00 0.00 5.00 33.47 0.00
87029029 Built Up Motor Vehicles,Capacity Of 40 Or More, Not Using Cng As Fuel 10.00 0.00 15.00 5.00 0.00 5.00 38.47 0.00
87029030 Built-Up,Having A Seating Capacity exceeding 15 but not exceeding 40,incl Driver 10.00 0.00 15.00 5.00 0.00 5.00 38.47 0.00
87029040 Built-Up,having a seating capacity not exceeding 15,including the driver 25.00 30.00 15.00 5.00 3.00 5.00 106.90 0.00
87029051 Having a seating cap. of 40 or more excl.folding seats using CNG/LPG/LNG as fuel, CKD 10.00 0.00 0.00 0.00 0.00 5.00 16.97 0.00
87029059 Other motor vehicles in CKD condition, excl. seat… 40 or more.. CNG/LPG/LNG as fuel 10.00 0.00 15.00 5.00 0.00 5.00 38.47 0.00

Import Stage Duty Calculation


87031000 Vehicles specially designed for travelling on snow; golf cars and similar vehicles…… 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032111 Vehicles with spark-ignition engine of cy. Capa.<1000cc In CBU, 3 wheeled 25.00 20.00 15.00 5.00 3.00 4.00 89.42 0.00
87032119 Vehicles with spark-ignition engine of cy. Capa.<1000cc In CKD, 3 wheeled 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032121 Recond. Motor cars & oth. vehicles; incl.stn.wagons,CBU, cylinder capacity not>1000 cc 25.00 45.00 15.00 5.00 3.00 4.00 127.84 0.00
87032122 Reconditioned Motor cars, CKD, cylinder capacity not >1000 cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032123 Reconditioned other vehicles, CKD, Cylinder Capacity <=1000cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032124 Reconditioned Microbus, CBU, capacity not >1000cc 25.00 45.00 15.00 5.00 3.00 4.00 127.84 0.00
87032131 Other Motor cars & oth. vehicles; incl.stn.wagons,CBU, cylinder capacity not >1000 cc 25.00 45.00 15.00 5.00 3.00 4.00 127.84 0.00
87032132 Other Motor cars,CKD, cylinder capacity not >1000 cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032133 Other vehicles, CKD, (Excl.Recon.) capacity <=1000 CC 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032134 Other Microbus, CBU, capacity not >1000cc 25.00 45.00 15.00 5.00 3.00 4.00 127.84 0.00
87032211 Recond.Motor Cars & oth. Vehicles,incl.stn. wagons,CBU, cap.>1000cc,but=<1500cc 25.00 45.00 15.00 5.00 3.00 4.00 127.84 0.00
87032212 Recond.Motor Cars,CKD, capacity >1000cc,but=<1500cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032213 Reconditioned other vehicles,CKD, capacity >1000cc,but=<1500cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032214 Reconditioned Ambulance fitted with essen. equp. capacity >1000cc,but =<1500cc 5.00 0.00 15.00 5.00 0.00 4.00 31.07 0.00
87032215 Reconditioned Microbus, CBU, capacity >1000cc, but <=1500cc 25.00 45.00 15.00 5.00 3.00 4.00 127.84 0.00
87032221 Other Motor Cars & Vehicles,incl.stn. wagons,CBU, cap.>1000cc,but=<1500cc 25.00 45.00 15.00 5.00 3.00 5.00 130.19 0.00
87032222 Other Motor Cars, CKD, capacity >1000cc,but=<1500cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032223 Other vehicles, CKD,cap.>1000cc,but=<1500cc 25.00 45.00 15.00 5.00 3.00 5.00 130.19 0.00
87032224 Other Ambulance fitted with essential equp. cap.>1000cc,but=<1500cc 5.00 0.00 15.00 5.00 0.00 4.00 31.07 0.00
87032225 Other Microbus, CBU, capacity >1000cc, but <=1500cc 25.00 45.00 15.00 5.00 3.00 4.00 127.84 0.00
87032311 Recond. Motor Cars and oth. Vehicle, incl.stn. wagon,CBU, cap. >1500cc,but =<1600cc 25.00 45.00 15.00 5.00 3.00 5.00 130.19 0.00
87032312 Recond. Motor Cars,CKD, cap. >1500cc,but =<1600 cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032313 Recond. other vehicles,CKD, capacity >1500cc,but =<1600 cc 25.00 20.00 15.00 5.00 3.00 5.00 91.37 0.00
87032314 Recond. Ambulance fitted with essential equip.., capacity >1500cc but <=1600cc 5.00 0.00 15.00 5.00 0.00 4.00 31.07 0.00
87032315 Reconditioned Micorbus,CBU, Capacity >1500CC and <=1600CC 25.00 45.00 15.00 5.00 3.00 4.00 127.84

Incoterms Involvement to Seller And Buyer

Incoterms Involvement to Seller And Buyer

Incoterms involvement to Seller And Buyer is most important. A set of 11 internationally recognized rules. This are define the responsibilities of sellers and buyers responsibility. Incoterms indicate that who is responsible for paying, managing the shipment, insurance, documentation, customs clearance, and other logistical activities.

Mode of Transport

A set of 11 internationally recognized rule are 1<< EXW_Ex Works 2<< FCA_Free Carrier 3<< CPT_Carriage Paid to 4<< CIP_Carriage and Isurance Paid to 5<< DPU_Delivery at Place Unloaded 6<<DAP_Delivery At Palace 7<< DDP_Delivery Duty Paid 8<< FAS_Free Alongside Ship 9<< FOB_Free on Board 10<< CFR_Cost And Freight 11<<CIF_Cost, Insurance and Freight.

FREE CARRIER
Ex Works
Carriage Paid to
Delivery At Place Unloaded
Delivery At Place

We can also view the power point slide in below slide—-

Incoterms Involvement to Seller And Buyer
Incoterms Involvement to Seller And Buyer
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