By Sumera Shafqat

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Participatory Reserve Deductions in Pakistan

 A Comprehensive Guide to Section 31 of ITO 2001 Understanding the intricacies of tax deductions can be a complex task, especially for businesses navigating specific financial instruments like participatory redeemable […]

How to Declare Long-Term Contracts?

 For businesses in Pakistan accounting for income from long-term contracts, Section 36 of the Income Tax Ordinance, 2001, holds significant importance. This section introduces the percentage of completion method, a […]

What Businesses Qualify as Start-ups?

Navigating the Pakistani Startup Frontier: Unveiling the Definition of a “Startup” In the rapidly evolving world of technology and innovation, startups play a crucial role in driving economic growth and […]