Riaz Academy

INCOME FROM BUSINESS and Un-Admissible Deductions Question: Define income from business?  What expenses are not admissible for tax purpose under the head business OR explain un-admissible deductions under the head income from business? Answer: Income from business-section-18         Income from business is a 3rd source of income from which a person can derive income. Income from business is chargeable to …

Lecture No. 2: Random Sampling LEARN COLLEGE STATISTICS Statistics is called the Science of Decisions. In this Lecture you will learn about the Random Sampling.Watch This Lecture and Share Your Views.

Lecture No. 1: What is STATISTICS LEARN COLLEGE STATISTICS Statistics is called the Science of Decisions. In this Lecture you will learn about the Basics of Statistics.Watch This Lecture and Share Your Views.

Lecture 9: Introduction to FractionLearn Basic College Mathematics In this lecture you will learn about Introduction to Fraction.

Lecture 8:  The Least Common Multiple and Greatest Common FactorLearn Basic College Mathematics In this lecture you will learn about Least Common Multiple (LCM) and Greatest Common Factor (GCF)

Lecture 7: Prime Numbers and FactoringLearn Basic College Mathematics In this lecture you will learn about Prime Numbers and Factoring

Lecture 6: Exponential Notation and the Order of Operations AgreementLearn Basic College Mathematics In this lecture you will learn about Exponential Notation and the Order of Operations Agreement

Lecture 5: Division of Whole NumbersLearn Basic College Mathematics In this lecture you will learn about Division of Whole Numbers.

Lecture 4: Multiplication of Whole Numbers Learn Basic College Mathematics In this lecture you will learn about Multiplication of Whole Numbers.

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 …

Question: Discuss the composition of “APPELLATE TRIBUNAL INLAND REVENUE”, what are the functions performed by it? Answer:  APPELLATE TRIBUNAL INLAND REVENUE: APPELLATE TRIBUNAL INLAND REVENUE is the second court of appeal. The Federal Government is the appointing authority of the APPELLATE TRIBUNAL. The taxpayer or the Commissioner Inland Revenue, if not satisfied with the decision of the Commissioner Inland Revenue …

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 simply …

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 …