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Explanation

Rashid Mahmood Langrial is the current chairman of the Federal Board of Revenue (FBR) since 07 August 2024

He replaced Malik Amjad Zubair Tiwana 

Langriyal, a Grade 21 officer, was previously serving as Secretary of the Power Division.

Explanation

There are how many schedules included in income tax ordinance 2001 

Explanation

 It extends to the whole of Pakistan .

It shall come into force on 1st day of July, 2005.

Explanation

  For the purposes of the imposition of tax and the computation of total income, all income shall be classified under the following heads, namely

Salary;  

 Income from Property;  

Income from Business;  

 Capital Gains

 Income from Other Sources

Explanation

These Rules may be called the Sales Tax Rules, 2006.

 They shall be applicable to such persons or class of persons as are specified in

the respective Chapters.

Explanation

 It extends to the whole of Pakistan.

Explanation

Functional teams are composed of organizational members from several vertical levels of the organizational hierarchy who perform specific organizational functions.

Explanation

The term minor refers to a person who is under the "age of majority"

Explanation

Excise taxes are internal taxes that are levied on the sale of specific goods and services, such as alcohol, fuel and tobacco.

Explanation

Income Tax Ordinance, 2001 was promulgated on 13th September 2001. It shall come into force on July 01, 2002 and will be applicable from the said date.inland