How to Convert Crypto to GBP in the UK (Fast & Low Fees)
Selling your crypto for GBP in the UK should be simple, but between slow banks and hidden fees, i…
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Showing posts with the label Income TaxShow All
UK Tax Loopholes for Landlords (HMRC-Approved)
Let’s be real, being a landlord isn’t as easy as it used to be. Between rising mortgage rates and…
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Define the term Business and Profession and discuss the taxability and scope of business
Business:- Business means any trade.commerce,marketing,manufacturing process or commercial activ…
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Discuss the jurisdiction, Powers and Function of Income Tax Commissioner
Commissioner Of Income Tax He is an important income tax authority which has executive and j…
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Write a note on the Medical, Hospital charges or Allowance
1. Employee Case :- a) If an employee receives free medical treatment or hospitalizati…
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What is the meaning of Appeal. Explain the various authorities to whom appeal is made under the income tax ordinance
Appeal Sometime income taxpayer or income tax authority in not satisfied with an order passe…
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Write a not on Appeal to supreme court
Appeal to supreme court If high court certifies the the case is fit to be taken before supr…
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What is the procedure of filing an appeal in the High Court
Appeal Before High Court : If taxpayer or commissioner is not satisfied with the decision of…
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Discuss the legal provisions regarding the appeal to the Appellate Tribunal and How Tribunal disposes of the appeal or discusses the function of Tribunal
Appeal to the Appellate Tribunal The assessee can make a second appeal to the Appellate Tri…
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Explain the penalties regarding the following cases or Different penalties are imposed regarding the different offenses in the income tax law 1. Penalties for failure to furnish the return of total income 2. Failure to Furnish statement 3. Failure to maintain prescribed Accounts
(1) Penalty for failure to furnish Return of total income : If any person fails to furnish th…
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Explain the various modes of deduction of tax at source under income tax ordinance
Deduction of tax at Source It is very important mode of collecting the It is necessary for ce…
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Discuss the legal provisions regarding the filling of appeal to appellate commissioner or How he disposes of the appeal
Appeals To Commissioner Of Income Tax :- If assessee is not satisfied, he may submit an app…
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Write a note on income tax appellate tribunal
Appellate Tribunal :- This tribunal is appointed by the federal govt. If taxpayer or commiss…
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Discuss the powers and functions of deputy commissioner or assistant commissioner
Deputy Commissioner Income Tax :- In the income tax department deputy commissioner income ta…
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