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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Define the following terms in the income tax ordinance Royalties, Speculation business, Tax payer
ROYALTIES :- According the income tax ordinance it means any amount paid or payable for : …
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Define the following terms in the income tax ordinance Permanent establishment, Principal officer, Profit on debt
PERMANENT ESTABLISHMENT :- According to income tax law ordinance it means a place of busine…
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Define the following terms in the income tax ordinance Depreciable Asset, Firm, Intangible, Non profit organization
DEPRECIABLE ASSET :- Income tax ordinance has defined this in these words “ Depreciable ass…
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Define the term of Dividend in the income tax ordinance
DIVIDEND :- The profit which is distributed among the shareholders or moda…
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Define the following terms in the income tax ordinance Capital asset and Charitable purpose
CAPITAL ASSET :- Any property held by any tax payer is called capital asse…
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Define the following terms in the income tax ordinance Association of persons, Banking company, Business
ASSOCIATION OF PERSONS :- Following are included in the association of perso…
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Partly Agriculture and Partly Non-agricultural income
PARTLY AGRICULTURAL AND PARTLY NON-AGRICULTURAL INCOME :- The income whose s…
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Define the terms Agriculture Income and Non Agricultural Income
AGRICULTURAL INCOME :- Income received from the following sources is called agricut…
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Define the term Tax Year
TAX YEAR :- This concept has been introduced through income tax ordinance. It is per…
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Define the following terms in the income tax ordinance Assessment, Assessee, Assessment Year
ASSESSMENT :- In simple words assessment means analysis or investigation of …
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Define the following terms in the income tax ordinance Appellate Tribunal, Approved Gratuity Fund, Approved Superannuation Fund
APPELLATE TRIBUNAL :- It has been defined in the income tax ordinance. E…
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Define the following terms as defined in the income tax ordinance tax, Income, taxable income, accumulated profits
Income tax law contains few terms which are exclusivly meant for this subject. These terms hav…
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