Tax Deductions for Consumer Loan Bad Debts
Creating a Financial Cushion: Understanding Section 29A of the Income Tax Ordinance, 2001 In the realm of consumer loans, financial institutions in Pakistan face the inevitable risk of bad debts. […]
A Guide to Claiming Pre-Launch Business Expense Deductions
Understanding Pre-Commencement Expenditure Deductions Starting a business is an exciting journey, but it’s not without its initial hurdles. One crucial aspect to consider is the financial burden of pre-launch expenses. […]
Essential Guide to Non-Deductible Expenses for Businesses
A Guide to Non-Deductible Expenses Under Section 21 of the Income Tax Ordinance While Section 20 of the Income Tax Ordinance offers businesses the opportunity to reduce their taxable income […]
Deductions Allowed from a Business Under Section 20 in Pakistan
Running a business in Pakistan involves navigating various expenses and tax implications. Section 20 of the Income Tax Ordinance, 2001 offers valuable deductions to lessen your tax burden and encourage […]
Tax Deductions on Scientific Research Expenditure
A Guide to Section 26 Scientific Research Expenditure Deductions In the pursuit of innovation and technological advancement, scientific research plays a crucial role. Understanding the tax incentives available for such […]
Understanding Tax Deductions for Teachers in Pakistan
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 […]
Understanding Business Expenses and Deductions
Starting and running a business in Pakistan involves navigating a complex array of tax regulations, including understanding which expenses are deductible. This guide simplifies the key rules and limitations around […]
Tax Deductions for Homeowners in Pakistan
As a homeowner in Pakistan, there are several tax deductions that you can take advantage of to reduce your tax liability. These deductions can help you to save money on […]