The Income Tax Ordinance, 2001, outlines comprehensive provisions to ensure timely payment of taxes in Pakistan. Section 205 specifically addresses the imposition of a default surcharge, a form of penal interest levied on taxpayers who fail to meet their payment

Payment of Tax Collection or Deduction: A Comprehensive Guide Under the Income Tax Ordinance, 2001, and the Income Tax Rules, 2002, paying taxes collected or deducted is a critical responsibility for individuals and organizations. This blog provides a detailed guide

The Sindh Companies Profits (Workers’ Participation) Act, 2015: An In-Depth Overview The Sindh Companies Profits (Workers’ Participation) Act, 2015, enacted on May 16, 2016, provides a robust framework for integrating workers into the profit-sharing mechanisms of companies operating in Sindh.

Understanding Section 89 of the Income Tax Ordinance, 2001: Taxation of Authors Section 89 of the Income Tax Ordinance, 2001, addresses the taxation of royalties earned by authors for literary or artistic works. This provision allows authors to spread their

Section 87 of the Income Tax Ordinance, 2001: Deceased Individuals Section 87 of the Income Tax Ordinance, 2001, governs the taxation of deceased individuals in Pakistan. It ensures that the legal representatives of the deceased fulfill the tax obligations left

Taxation of Associations of Persons (AOP) Section 92 of the Income Tax Ordinance, 2001, outlines the taxation principles for Associations of Persons (AOPs). This provision governs the tax treatment of income earned by AOPs and the subsequent taxation of their