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Income TAX -Head of Incomes for Individuals

Heads of Income Salary: Wages, Annuity, Pension, Gratuity, Fees, Commission, Perquisites, Profits in lieu of or in addition to Salary or Wages, Advance of Salary, Leave Encashment, Annual accretion to the balance of Recognized Provident Fund, Transferred balance in Recognized Provident Fund, Contribution by Central Government or any other employer to Employees Pension Account are defined under ....


Understanding Balochistan

History, Heritage & Culture Balochistan has an eventful history dating back to the Stone Age. Alexander the great passed through Balochistan in 325 B.C.The province has also witnessed the march of a number of great conquerors and warriors such as Macedonians, Arabs, Ghaznavies, Mangols and Mughals in the past. The Muslim rule began in 712 A.D followed by the British rule in 1839 and late....


What, Why , How of Value Added Tax

Oliver Wendell rightly said - “I like to pay taxes. With them, I buy civilization.” True indeed. With the practice of paying taxes, you not only show yourself as a responsible citizen towards country, but you are contributing some portion of your income towards the betterment of the nation. Government has various policies and get them operational in the system funds are required. These financ....


What, Why, How of Service Tax

It is important to know that the government revenue majorly rely on the fund generated from the public taxation and other excise duties and royalties. The major percent of the revenue is generated from the taxes paid by public in different forms, which is deliberately utilized in the well-being of the society. The tax is generated through various means; it can be direct and indirect. Direct tax in....

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How to be careful when shopping Online?

Online Shopping, an Introduction: It’s usually said that “If shopping does not make you happy then you are in the wrong shop”. But with the emergence of online shopping which ease of shopping and the need of a true shopaholic are easily met. Now the buyer does not have to stroll in different markets or malls for different brands. Therefore now they have the ability to order online and g....


Am I an Idiot or an Entrepreneur?

Well don’t be offended, if you are right away successful with your venture you do not need to continue reading this article. But in case you are not, don’t worry you are part of majority and you need to ask few questions to yourself and answer yourself. If think you are satisfied with your answers carry on with your entrepreneurship journey. Are you one amongst looking to start a business and....