CHAPTER V COMPUTATION OF INCOME. 20. Heads of income.-. Save as otherwise provided in this Ordinance, all incomes shall, for the purpose of charge of income tax and computation of total income, be classified and computed under the following heads of income, namely:-. (a) Salaries. (b) Interest on securities.
GOVERNMENT OF PAKISTAN FEDERAL BOARD OF REVENUE (REVENUE DIVISION). INCOME TAX MANUAL. Inserted by the Finance Act, 2003. 2 The word ―includes‖ substituted by the Finance Act, 2005. And a Director-General of Income Tax and Sales Tax.‖ 4 Inserted by the Finance Act, 2011. 5 Substituted by the Finance Act, 2010. Gift Tax Act 1990 Bangladesh Pdf To Excel One example is the United States under the American Jobs Creation Act. Scotland was the first to be used to test the new poll.
(c) Income from house property. (d) Agricultural income. (e) Income from business or profession. (f) Capital gains. (g) Income from other sources. Salaries.-. (1) The following income of an assessee shall be classified and computed under the head “Salaries”, namely:-.
(a) any salary due from an employer to the assessee in the income year, whether paid or not;. (b) any salary paid or allowed to him in the income year, by or on behalf of an employer though not due or before it became due to him; and. (c) any arrears of salary paid or allowed to him in the income year by or on behalf of an employer, if not charged to income-tax for any earlier income year. (2) Where any amount of salary of an assessee is once included in his total income of an income year on the basis that it had become due or that it had been paid in advance in that year, that amount shall not again be included in his income of any other year. Interest on securities.-. The following income of an assessee shall be classified and computed under the head “Interest on securities”, namely:-.
![]() ![]()
(a) interest receivable by the assessee on any security of the Government or any security approved by Government; and. (b) interest receivable by him on debentures or other securities of money issued by or on behalf of a local authority or a company.
Video SlideShow: Taxes Lawyer: A.Q.M. Rakibul Hasan What is VAT? VAT is a TAX on final consumption which is collected at every stage of production and Distribution rather than at the retail stage alone.
Comments are closed.
|
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |