TaxBuddy Umair

Section 87. Deceased Individual - ITO, 2001

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Even after a ’s death, tax and certain tax may continue through the legal under Section 87 of the Income Tax Ordinance, 2001.

Further Tax Vs Extra Tax - Sales Tax Act, 1990

Further Tax is charged when supplies made to unregistered person and Extra Tax is charged when the Commercial and Industrial Consumers is not registered in Sales Tax or non on Active Taxpayer List.

Extra Tax - Sales Tax Act , 1990

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Extra Tax is in to normal and may to and or gas bills if the is not registered for or is not on the Active Taxpayers List (ATL).

Tax Treatment of , & from

Legal Reference: Section 39 – Income Tax Ordinance, 2001

Received from , , or — or ?

Section 39 has most .

Read the full explanation:
https://www.taxbuddyumair.com/taxability-of-gifts-from-relatives-section-39/

Section 75A. Purchase of Assets through Banking Channel

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Before property or other high-value , check whether is or if or digital is required under Section 75A.

Read Complete Blog : https://www.taxbuddyumair.com/articles/purchase-of-assets-through-banking-channel-or-digital-means/

Sales Tax on Pharmaceutical Products - Sales Tax Act, 1990

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products are taxed only once. A 1% Sales Tax is charged by the or , and no further Sales Tax is charged on subsequent , as it constitutes the final discharge of Sales Tax liability under the Sales Tax Act, 1990

Did you Know ?

Further Tax is generally when supplies are made to an person. However, Further Tax at the rate of 4% does not to certain supplies specified under S.R.O. 648(I)/2013. dated 09.07.2013.

Third schedule Hidden Traps - Sales Tax Act , 1990

have unique Sales Tax rules that every , , , , and retailer should understand. Knowing these hidden provisions can help you avoid , incorrect tax calculations, and costly compliance mistakes.

Resident vs Non Resident Tax Treatment in Pakistan 🇵🇰

or ? Your status how your income is taxed under the Income Tax Ordinance, 2001. Knowing the is essential for tax planning and compliance.