ISLAMABAD: The Supreme Court was asked to harmonise the definition of income given in various provisions of Income Tax Ordinance and the Section 4B. Lawyer Makhdoom Ali Khan argued that the super ...

A business bank statement tracks transactions, balances, and cash flow. Learn key components and tips for better financial management.

In the context of new Income Tax Bill, she said the Institute has submitted a Memorandum to the Select Committee of Lok Sabha requesting the inclusion of ‘Cost Accountant’ in the definition of ...

Discover the fundamentals of income tax expense, its calculation, impact on financial statements, and its importance for investors and businesses in this detailed guide.

Comprehensive income is the change in a company's net assets from non-owner sources.

Interest income is a key financial metric for investors. Understand its calculation, significance, and impact on financial statements.

Financial managers report a gain or loss in an income statement, similar to a revenue item or operating expense. An income statement also goes by the names "statement of profit and loss," "report ...

Net income is an important accounting metric as it is a central line item in all three financial statements. Although net income is derived from the income statement, it is also used in the firm’s ...

Cash flow statement shows the net cash position of the company in a given period after making adjustments to information recorded in the income statement and balance sheet. What is the scope of the ...

Income Tax Return: How to easily access and review your Annual Information Statement with a click Form 26AS is directly available to you via the income tax e-filing portal.