Income Tax Ordinance, 2001 was promulgated on 13th September 2001. It shall come into force on July 01, 2002 and will be applicable from the said date.inland
Establish for religious , educational , charitable, welfare and development purposes, or for the promotion of an amateur sport :
formed and registered under any law as a non profit organization
approved by the commissioner for a specified period, on an application made by such person in the prescribed form and manner accompanied by the prescribed documents and on requisition , such other documents as may be required by the commissioner
National Clearing Company of Pakistan Limited , which collects capital gains tax on shares, has determined the value of shares for CGT based on this formula in accordance with Section 37a of ITO 2001.
The Karachi Interbank Offered Rate, commonly known as KIBOR, is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale money market.
The Federal Board of Revenue, formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering.
Functional teams are composed of organizational members from several vertical levels of the organizational hierarchy who perform specific organizational functions.
