What is Withholding Tax at Source?
Withholding Tax at Source is a process which denotes that when any institution other than an institution withholding tax at source delivers supply amounting to a value over Taka 10...
Is Withholding Tax at Source an incident of adjustment?
Yes, Withholding Tax at Source an incident of adjustment. Withholding Tax at Source may take place in both increasing and decreasing orders. As for example, supposing, an institution, namely, ‘A’...
What are the sources of income for income tax?
According to the Income Tax Ordinance 1984, the income sectors are as follows: SalariesInterest on security collateralIncome from home propertyAgricultural incomeBusiness or profession incomeCapital profitIncome from other sources. However, the...
Why is Income Tax called progressive tax?
Income tax is a tax imposed by a government on an individual or entity, which varies depending on the amount of income or dividends. A progressive tax is the tax...
What is Income Tax?
Income tax is a tax payable on the income or dividends of an individual or entity. Tax under the Income Tax Ordinance 1984 means income tax payable under the ordinance,...