Pakistan’s poor governance issue has its roots in colonial heritage. Colonial administration was based on inequality of a master and a servant, or that of a conquer ruler and his subjects. In this historical background, the Colonial ...
Click Here to Download The International Tax Handbook by Nexia International International Tax Handbook by Nexia International is a great help for tax professionals wanting to have a comparative look at world taxation systems. It is ...
INTRODUCTION TO FINANCE ACT 2023 A Finance Act is an exercise undertaken by the treasury of a country on an annual basis to rethink the issues of tax policy, tax legislation, and tax administration in the public interest. Domestic, ...
INTRODUCTION OF FINANCE ACT 2022 A Finance Act (FA) is an exercise that rethinks the tax policy, tax legislation, and administration on an annual basis. Domestic, regional, and global factors tend to influence it. In financial terms, a ...
By Amjad Javaid Hashmi, Advocate Supreme Court & Shahid Ali Qureshi, Advocate High Court This article brings home the constitutional noise and statutory clamor by way of misguided application and affirmation of the ratio of Haji ...
In a third world country, ordinarily governmental agencies tend to abuse powers and tax departments of Pakistan (federal, provincial or city/district governments) are no exception. Ordinarily, on receipt of a notice (informative and ...
Any tax system by its policy compulsions relaxes the rigor of taxation in different ways. My experience as a tax adviser shows that such policy compulsions lean heavily in favor of business enterprises and sparingly in employment ...
To arrive at correct tax liability of business income, the income tax law contemplates a dynamic two stages scheme of computation of business income i.e. accounting computation of business income and (ii) tax computation of business ...
Taxation of Business Income – Principles and Tax Policy Considerations Underlying Inadmissible Tax Deductions Regime Contrary to the principle specific admissibility regime of Section 20; the Income tax Ordinance, 2001 ...
