Permanent establishment is a crucial concept in taxation that determines the tax liabilities of foreign entities operating within a country’s jurisdiction. In Pakistan, the Income Tax Ordinance 2001 defines and […]
When it comes to taxation in Pakistan, it is essential to understand the various heads of income. The tax system classifies income under different categories, each with its specific rules […]
In Pakistan, property income is subject to taxation under the Income Tax Ordinance, 2001. Property income includes rent received from letting out a property, income from sale of property, and […]
If you earn a salary in Pakistan, you must pay income tax on your earnings. Income tax is a direct tax that is paid to the government on your income, […]
As a teacher or researcher in Pakistan, you are entitled to specific tax deductions and credits that can significantly reduce your tax liability. The Income Tax Ordinance of 2001 outlines […]
In Pakistan, income tax refund can be claimed by individuals, associations of persons, or companies who have paid more tax than their actual income tax liability during a tax year. […]
Income tax is a direct tax that is imposed on individuals, businesses, and other entities by the government. It is a key source of revenue for governments around the world […]
The Income Tax Ordinance 2001 specifies that business expenses paid through non-banking channels are not allowed. However, there are certain exceptions to this rule, such as utility bills, freight charges, […]
Taxpayers in Pakistan are required to comply with legal obligations related to taxation. The Federal Board of Revenue communicates with taxpayers through tax notices, which play a vital role in […]
Gifts are a common way of expressing love and affection among Pakistanis. However, many people are unaware of the tax implications of gift income. In this article, we will discuss […]
