Taxation

In modern world there are number of methods available to educate their children. Among all distance education is one of the educational pr...

The Punjab government has brought as many as 16 more sectors under the ambit of sales tax on services. The newly added sectors include ser...

The Punjab Excise and Taxation Department has started issuance of notices to the owners of the big houses for payment of luxury tax on hou...

Deductions Not Admissible (Section 21)   i) Amount paid or payable on account of any cess, rate or tax levied on profits or gains of b...

Business Income   The following incomes of a person for a tax year, other than exempt incomes, shall be chargeable to tax under th...

Gain arising on the disposal of a capital asset by a person in a tax year shall be chargeable to tax in that year under the head "...

PROPERTY Property means an immovable property whether improved / constructed or not, other than agricultural land from which the incom...