Presumptive Tax and Normal Tax Regimes Income Tax Ordinance 2001
Introduction Presumptive tax and normal tax regimes have been introduced by Federal Board of Revenue (FBR) through Income Tax Ordinance, 2001, for collection of income tax in Pakistan. Normal Tax Regime According to Section 9 of the Income Tax Ordinance, 2001, “the taxable income of a person for a tax year shall be the total … Read more