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 ...

Learn what net income means for businesses and individuals, how it's calculated, and why it's a crucial financial metric.

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.

All you need to know about balance sheets, financial statements showing company assets, liabilities and stockholders’ equity.

The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.

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 ...

Comprehensive glossary of key terms and definitions under the Income Tax Act, 1961, aiding taxpayers in understanding essential tax-related terminology.