In this article we let you several methods for exempt from paying taxes. If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. The exemption applies only to income tax, not to Social Security or Medicare tax. What Does it Mean to be Exempt From Federal Taxes? Tax…
Here we discuss about the Complete Procedure for Registration of Societies / NGOs / NPOs under Societies Registration Act, 1860 and Voluntary Social Welfare Agencies, 1961 is as under:- Registration of NGO under Societies Registration Act, 1860 Complete Procedure for Registration: The proposed society should have minimum 20 members including at least 07 office bearers…
Electronic Filling of Income Tax: Pakistan is one of the lowest tax-to-GDP ratios country, if we compare in worldwide. For the uninitiated, tax-to-GDP ratios are used to assess a country’s development year after year. Government of Pakistan say the higher the Gross Domestic Product (GDP) of the country, the higher the amount of tax revenues…
According to Income Tax Ordinance, Group Taxation or Tax Consolidation or Combined Reporting, is a regime adopted in the tax or revenue legislation of a number of countries which treats a group of wholly owned or majority-owned companies and other entities (such as trusts and partnerships) as a single entity for tax purposes. Group Taxation…