Explanation

supply means a supply which  include every kind of movable property other than actionable claims, money, stocks, shares and securities.

Explanation

"Foreign source income " means any income earned by a Pakistani citizen  while working out of Pakistan 

Explanation

Any person who fails to issue any invoice shall pay a penalty of Rs 5000 or 3% of the tax involved, which ever is higher

Explanation

Off- shore evader includes  a  person who owns or is a beneficial owner of an off-shore asset 

Explanation

Sales tax is an amount of money, calculated as a percentage, that is added to the cost of a product or service when purchased by a consumer at a retail location.

Explanation

The board is empowered to levy fee and service charges for valuation  with the approval of Federal minister in charge .

Explanation

electronically by means of electronic equipment or devices

Explanation

Explanation

Arrears means amount paid is less than the tax amount payable.

Explanation

A business cycle is the periodic growth and decline of a nation's economy, measured mainly by its GDP.