Explanation

Iris is online portal where Income Tax Return is filed.

Explanation

Check Individual's Active Taxpayer status by SMS through the following procedure: Type "ATL (space) 13 digits Computerized National Identity Card (CNIC)" and send to 9966.

Explanation

A cess is a form of tax levied by the government on tax with specific purposes till the time the government gets enough money for that purpose.

Explanation

The National Finance Commission is constitutionally established by the Constitution which laid the foundation of equal distribution of revenues between the federal and four provincial governments of Pakistan.

Explanation

A levy is a legal seizure of your property to satisfy a tax debt.

Explanation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy.

Explanation

A business cycle is the periodic growth and decline of a nation's economy, measured mainly by its GDP.

Explanation

The contribution of tariffs to total trade costs has decreased over time.

Tariffs have progressively been reduced since the establishment of the General.

Explanation

A direct tax is a tax that a person or organization pays directly to the entity that imposed it.

Explanation

 Equity represents the value that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debts were paid off.