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Income Tax Articles

A Comprehensive Guide to Filing Your 2023 Income Tax Return in the United States

Introduction Filing income tax returns is a requirement imposed by the United States government on most citizens and residents. It is an annual process that helps individuals report their income, claim deductions and credits, and determine their tax liability. The...

ANTI-MONEY LAUNDERING AND COUNTER FINANCING OF TERRORISM (AML/CFT) FOR DNFBPS

The Federal Board of Revenue (FBR) is responsible for ensuring compliance with anti-money laundering and counter-financing of terrorism regulations for designated non-financial businesses and professions (DNFBPs) under the Anti-Money Laundering Act. This includes...

TAX UPDATE | TAXATION OF SALARY IN PAKISTAN | TAX YEAR 2023

Applicable July 01, 2022 to June 30, 2023 as updated vide the Finance Act, 2022  ABOUT THIS WRITE-UP The purpose of this write-up is to briefly summarize the concept of computation of income from salary and computation of tax thereon under the Income Tax...

Income Tax Ordinance

GOVERNMENT OF PAKISTAN FEDERAL BOARD OF REVENUE (REVENUE DIVISION) ….   INCOME TAX MANUAL PART I   INCOME TAX ORDINANCE, 2001   AMENDED UPTO 30th JUNE, 2022 INCOME TAX ORDINANCE, 2001 AMENDED UPTO 30.06.2022 TABLE OF CONTENTS   SECTIONS CHAPTER 1...
Income Tax Ordinance

Income Tax Ordinance

GOVERNMENT OF PAKISTAN FEDERAL BOARD OF REVENUE (REVENUE DIVISION) ….   INCOME TAX MANUAL PART I   INCOME...

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