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. 

Explanation

The national income of a country can be measured by three alternative methods:

(i) Product Method

(ii) Income Method, 

(iii) Expenditure Method.

Explanation

There are how many schedules included in income tax ordinance 2001 

Explanation

 It extends to the whole of Pakistan .

It shall come into force on 1st day of July, 2005.

Explanation

Basic excise duty is also known as the Central Value Added Tax

Explanation

These Rules may be called the Sales Tax Rules, 2006.

 They shall be applicable to such persons or class of persons as are specified in

the respective Chapters.

Explanation

 Act may be called the Sales Tax Act, 1990.

It extends to the whole of Pakistan.

 It shall come into force on such date as the Federal

Government may, by notification in the official Gazette, appoint.

Explanation

Excise taxes are internal taxes that are levied on the sale of specific goods and services, such as alcohol, fuel and tobacco.

Explanation

Section 12 of Income Tax Ordinance 2001 deals with salary

Explanation

“rent” means any amount received or receivable by the owner of land or a building as consideration for the use or occupation of, or the right to use or occupy, the land or building, and includes any forfeited deposit paid under a contract for the sale of land or a building.