Jan
22
Exclusive, Taxation
Income Tax Ordinance 2001 Defines Unexplained Income and Assets for Taxation in 2019
ISLAMABAD – The Income Tax Ordinance 2001 has laid out specific provisions for addressing unexplained or concealed income and assets, offering a framework for taxation during the tax year 2019. Section 111 of the Ordinance defines the parameters of unexplained income or assets, providing transparency and guidelines for both taxpayers and tax authorities. Section 111: […]