TAXATION SYSTEM IN PAKSITAN
In Pakistan Taxation system is complex due to variation in Laws frequently approved by Parliament of Pakistan.
The Income derivd from Taxation is distributed between Federal and Provincial Government under the Commission that is under the supervision of president of Pakistan.
In Pakistan normally Tax is collected through
1 Income Tax
2 Customs Act ,1990
3 Federal Excise Act, 1990
Income Tax is furthered categorised into
01. Direct Tax
02. Indirect Tax
Direct Tax includes five heads of Income
01. Business Income
2. Salary Income
03. Capital Gain
04. Rental Income
05. Income from other sources &
Indirect tax include tax that is not directly charged to income such as
Sales Tax Act ,1990
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