The Income Tax Ordinance, 2001 (hereinafter “the Ordinance”) contained progressive rates for taxing both individuals and association of persons (AOPs) until the Finance Act 2010 that imposed a flat rate of 25% tax on AOPs with retrospective effect.
The F
Huzaima Bukhari and Dr Ikramul Haq, "Why penalise association of persons?," Business Recorder. 2012-01-13.Keywords: Economics , Economic system , Economic issues , Economic policy , Economy , Tax policy , Taxes , Taxation , Income Tax , Tax law , India , Pakistan , FBR
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