Description
A Handbook of Taxation Principles and Compliance CAF-2 14th Edition is a comprehensive study guide prepared by The Professionals’ Academy of Commerce (PAC) and published by Ishfaq Publishing Company. Designed for students pursuing the Chartered Accountancy (CA) qualification from the Institute of Chartered Accountants of Pakistan (ICAP), this book follows the ICAP Education Scheme 2025 and is based on Tax Year 2027.
Prepared by experienced chartered accountants and taxation faculty, this edition covers the essential concepts of Income Tax and Sales Tax, with updated content reflecting the relevant requirements of the Finance Act 2026. It is an excellent resource for CA CAF-2 students seeking a structured approach to understanding taxation laws and preparing for ICAP examinations.
Key Features
- 14th Edition: Updated for the ICAP Education Scheme 2025.
- Tax Year 2027: Incorporates relevant amendments introduced through the Finance Act 2026.
- Comprehensive Taxation Coverage: Includes Income Tax and Sales Tax laws applicable to the syllabus.
- Chapter-Wise Question Statistics: Covers examination questions from Autumn 2015 to Autumn 2026 to support focused preparation.
- ICAP Past Papers: Includes past examination questions from Autumn 2024 to Autumn 2026.
- Tax Law References: Provides relevant references to taxation laws throughout the descriptive chapters.
- Model Paper: Helps students practise the examination format.
- Latest Tax Rates: Includes the latest rates of tax and withholding tax (WHT) for Tax Year 2027.
- Theory and Numerical Questions: Supports preparation for both conceptual and calculation-based questions.
Topics Covered
Income Tax
- System of Taxation in Pakistan
- Constitutional Provisions on Taxes
- Ethics
- Basic Concepts of Taxation
- Salary
- Income from Property
- Capital Gains
- Income from Other Sources
- Income from Business
- Taxation of Individuals and Associations of Persons
- Losses and Carry Forwards
- Deductible Allowances, Tax Credits and Exemptions
- Foreign Source Income of Resident Persons
- Returns, Assessment, Records and Audit
- Appeals, References and Petitions
Sales Tax
- Scope of Sales Tax Law
- Determination of Sales Tax Liability
- Registration, De-registration, Returns and Records
- ICAP Past Papers: Theory and Numerical Questions
Additional Exam Preparation Material
- ICAP past papers from Autumn 2026 to Autumn 2024
- Chapter-wise examination question statistics
- Model paper
- Latest tax and withholding tax rates for Tax Year 2027
Authors and Preparation
Prepared by: The Professionals’ Academy of Commerce (PAC), Lahore
Contributors:
- Mohsin Nasrullah, FCA: Fellow member of ICAP and experienced PAC faculty member with extensive taxation teaching experience.
- Furqan Atique, ACA: Associate member of ICAP with professional experience and university-level teaching experience.
Published by: Ishfaq Publishing Company
Edition: 14th Edition, September 2026
Syllabus: ICAP Education Scheme 2025
Applicable Tax Year: 2027
Who Should Buy This Book?
This book is suitable for:
- Students preparing for the ICAP CA CAF-2 examination.
- CA students studying Taxation Principles and Compliance.
- Candidates who need structured coverage of Income Tax and Sales Tax.
- Students looking for ICAP past papers, model questions and updated tax rates.
- Candidates who want to strengthen their taxation concepts and examination preparation.
Why Choose A Handbook of Taxation Principles and Compliance CAF-2?
With syllabus-aligned content, updated taxation material, chapter-wise question statistics and recent ICAP past papers, this 14th edition provides a focused study resource for CA students. It brings together theoretical explanations, taxation law references and examination practice to support effective preparation for CAF-2.
Order A Handbook of Taxation Principles and Compliance CAF-2 14th Edition from CBP Books and prepare for your ICAP CA examinations with study material aligned with the latest education scheme.
Available at CBP Books — cbpbook.com.
Reviews
There are no reviews yet.