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
Write a note on income tax appellate tribunal
Appellate Tribunal :- This tribunal is appointed by the federal govt. If taxpayer or commiss…
Read more
Discuss the powers and functions of deputy commissioner or assistant commissioner
Deputy Commissioner Income Tax :- In the income tax department deputy commissioner income ta…
Read more
Powers and functions of regional commissioner of income tax
Regional Commissioner Of Income Tax :- The regional commissioner of income tax is appoint…
Read more
Power and functions of the central board of revenue (CBR)
Central Board of Revenue ( CBR ) :- It is the highest executive authority of income tax law…
Read more
How the income tax is recovered from the defaulters and refunded
Sometimes any person fails to pay the tax then it is recovered in the following manners : …
Read more
Write a note on the following 1.Return of income in assessment 2.Ammendment in assessment 3.Provisional assessment 4.Assessment if return is not finished 5.Assessment of disputed property
RETURN OF INCOME AS ASSESSMENT :- If the return of income presented by the tax payer …
Read more
Define the term Assessment and explain the procedure of filling the return under the income tax ordinance. Who should file the return and when it should be submitted
Assessment :- It means a complete scrutiny of the information’s provided by the taxpayer i…
Read more
Explain the term Income from other sources with examples or What are the allowable deductions from Income from other sources
Income From Other Sources :- Any taxable income which can not be included in the previous fiv…
Read more
Define the term Capital gains and capital assets or What is the procedure of computing the capital gains also explain the deductions and exemptions
Capital Gains :- It is the fourth important source of income. Such income is chargeable u…
Read more
Explain the various types of depreciation allowances or Explain the conditions and rates regarding the depreciation 1. Initial depreciation 2. Normal depreciation
Initial allowances for depreciation :- One person can avail this allowance if the fulfills …
Read more
Explain the term depreciation or Discuss those conditions which are laid down under the ordinance for depreciation allowance
Depreciation :- A decrease in the value of asset through wear and tear is called depreciatio…
Read more
What is the difference between capital receipts and revenue receipts and discuss those test which are applied
From the income tax point of view it is necessary to know the difference betwe…
Read more
