Optimize your tax strategy and minimize your tax liability with the help of this category. Discover smart tax planning techniques, deductions, and expert advice on tax-saving opportunities. Learn how to maximize your tax refunds and minimize your tax burden.
This article aims to clarify the recent regulations concerning non-resident individuals selling or transferring immovable property in Pakistan. Key Points: Provisions of section 7E of the Income Tax Ordinance, 2001 […]
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 […]
Understanding stock-in-trade valuation is crucial for businesses in Pakistan, impacting income tax calculation under the “Income from Business” head. Section 35 of the Income Tax Ordinance, 2001, lays out the […]
Investing in People In today’s competitive landscape, skilled and motivated employees are a cornerstone of organizational success. Pakistan’s Income Tax Ordinance, 2001, recognizes this by offering tax deductions for investments […]
Purchasing property in Pakistan involves various legal and financial considerations, including advance tax on the transaction. This article delves into Section 236K of the Income Tax Ordinance (ITO) 2001, explaining […]
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 […]
In Pakistan, the government incentivizes charitable giving by offering tax credits to individuals and companies who donate to approved organizations. This article explains how to calculate your tax credit and […]
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 […]
The world of income tax can feel like a complex labyrinth, especially when dealing with diverse income sources like dividends, interest, royalties, and fees. In Pakistan, understanding the various rates […]
Demystifying Audits: A Deep Dive into Section 214 of the Income Tax Ordinance, 2001 In the realm of Pakistani taxation, audits can raise concerns and uncertainties. However, understanding the underlying […]
