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Commissioner Inland Revenue – Powers and Functions Question: Define “Commissioner Inland Revenue”; explain its powers and functions in detail. Answer: Commissioner Inland Revenue A person appointed officially for a particular zone to supervise the collection of taxes, including income tax, capital gains tax and corporation tax. Commissioner Inland Revenue has a very important place in income tax department. He has both executive and judicial powers. He oversees the performance …

Federal Board of Revenue (FBR) Powers and Functions Question: Define “Federal Board of Revenue”; explain its powers and functions in detail. Answer: Federal Board of revenue (FBR) Introduction The old name of federal board of revenue (FBR) is central board of revenue (CBR). Income tax ordinance, 2001 uses the word ‘Board’ for FBR and CBR. Board is the highest tax authority …

Cost Accounting – B.COM-II– PAST PAPERS READ ONLINE  DOWNLOAD FROM THE FOLLOWING LINKS But before Download, Please Like us  on Facebook and Share this book on your social media, so that you can be informed about new future Posts. Media-Fire Links  :  Click Here to Download User-Cloud Links:  Click Here to Download Note: IF you are unable to find any particular book or novel online, you can …

Advanced Accounting – B.COM-II– PAST PAPERS    READ ONLINE  DOWNLOAD FROM THE FOLLOWING LINKS But before Download, Please Like us  on Facebook and Share this book on your social media, so that you can be informed about new future Posts. Media-Fire Links  :  Click Here to Download User-Cloud Links:  Click Here to Download Note: IF you are unable to find any particular book or novel online, you can …

Income From Business     (section .18) Fully Taxable Income 1.        Income from fish forming business/ XXX 2.       Fish catching business  XXX 3.       Royalties on professional books XXX 4.       Income from sale of timber  XXX 5.       Income from poultry farm XXX 6.       Taxable income from foreign country XXX 7.       Rent of furniture & fitting XXX 8.       Income from fruit processing unit setup in …

INCOME FROM PROPERTY (SECTION. 15) From the tax year 2014, Income from property will be taxable under normal tax structure even if the rental income is less than Rs.15000. 1st Calculate Rent Chargeable To Tax (RCT) 1.      Rental income from property xxxx 2.      Income from property xxxx 3.      Taxable income from gift property *  xxxx 4.      For feted amount …

 List of All Amounts Completely Exempted under INCOME FROM SALARY Amounts that are completely EXEMPTED under the head income from salary 1.      Training course fee paid by employer 2.      Hotel bills for official duties 3.      Fee for refresher course paid by employer 4.      Expenditure on entertainment facility during official duty 5.      Pick & drop Facility provided by employer 6.      Entertainment …

CIVICS– FA-II– PAST PAPERS     DOWNLOAD FROM THE FOLLOWING LINKS But before Download, Please Like us  on Facebook and Share this book on your social media, so that you can be informed about new future Posts. Media-Fire Links  :  Click Here to Download User-Cloud Links:  Click Here to Download Note: IF you are unable to find any particular book or novel online, you can simply leave a …