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…
Read more
Why the distinction between capital and revenue is considered to be vital importance or Difference between capital and revenue expenditure
IMPORTANCE OF DISTINCTION BETWEEN CAPITAL AND REVENUE :- While calculating …
Read more
Explain the term income from house property and how you will compute the rent of the house property also explain the deductions allowed in the income tax law
INCOME FROM HOUSE PROPERTY :- Under the head of income from property rent is…
Read more
Define provident fund and explain various kinds and their working system
Provident Fund :- This fund is maintained by a govt. and private organizations for …
Read more
Explain the term Salary and write the allowances and deductions which are given under this head or discuss the main features of Salary
SALARY :- It is the first source which is given in the heads of income. It…
Read more
Discuss the various kinds of income or Sources of income or Why the classification of income is necessary
Heads Of Income :- There are different sources of income. Income of a person…
Read more
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 : …
Read more
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…
Read more
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…
Read more
Define the term of Dividend in the income tax ordinance
DIVIDEND :- The profit which is distributed among the shareholders or moda…
Read more
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…
Read more
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…
Read more
Partly Agriculture and Partly Non-agricultural income
PARTLY AGRICULTURAL AND PARTLY NON-AGRICULTURAL INCOME :- The income whose s…
Read more
