Category: Uncategorized

Consulting par excellence

Who is required to file income tax return?

[DISCLAIMER] THIS IS FOR GENERAL GUIDANCE ONLY AND NOT A LEGAL, EXPERT, PROFESSIONAL OR ACTIONABLE ADVICE. PLEASE CONSULT A PROPER TAX LAWYER / CONSULTANT FOR CORRECT AND ACCURATE APPLICABILITY OF LAW ON CASE TO CASE BASIS. Who is required to file tax return? The basic question, which pertains to taxation in Pakistan, is who should…
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Tax On Foreign Source Income Of Resident Pakistanis

[DISCLAIMER] THIS IS FOR GENERAL GUIDANCE ONLY AND NOT A LEGAL, EXPERT, PROFESSIONAL OR ACTIONABLE ADVICE. PLEASE CONSULT A PROPER TAX LAWYER / CONSULTANT FOR CORRECT AND ACCURATE APPLICABILITY OF LAW ON CASE TO CASE BASIS.  Many of our members are having questions related to the Foreign Source Income of Resident Pakistanis, and most of…
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Taxation of Gifts

The Income Tax Ordinance 2001, (ITO or ITO 2001), provides comprehensive information for the taxation of gifts. Gifts are part of Pakistani culture and world over as well. The taxation authorities try to establish that whether or not the gifts are being declared to inflate assets or to deflate income. We shall be discussing these…
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Taxation of Freelancers

Coming Soon…..