Saturday, February 21, 2015

Sources of Income under Income Tax Ordinance 1984



Sources of Income under Income Tax Ordinance 1984:-

For computing total income and charging tax thereon, sources of income can be classified into seven categories, which are as follows:

1.            Income from Salaries
2.            Income from Interest on securities
3.            Income from house property
4.            Income from agriculture
5.            Income from business or profession
6.            Income from Capital gains and
7.            Income from other sources.

0 comments:

Post a Comment

Application of Forensic Audit in Private and Public Sector Organizations

Forensic auditing has emerged as a powerful tool in both private and public sector organizations to combat fraud, ensure transparency, and m...