Income Tax Basics, anyone before Registration and Filing of your Income Tax Return in FBR, it is recommended that one should establish basic understanding regarding these processes. Knowledge of basic concepts would not only ensure that the tasks are performed easily but also in the prescribed manner. Taxable Income Meaning Taxable Income means Total Income…
Law on Bribery is the act of giving or receiving something of value in exchange for some kind of influence or action in return, that the recipient would otherwise not offer. In other others, Bribery refers to the offering, giving, soliciting, or receiving of any item of value as a means of influencing the actions…
Lose House in Bankruptcy: As per Lawkidunya, Chapter 7 is also called liquidation bankruptcy. The bankruptcy trustee handling your case is obligated to sell off any non-exempt assets to pay off creditors. Even with the automatic stay associated with filing for bankruptcy, if any person not able to cure the amount you owe on the…
Consumer Goods or Final Good is any commodity that is Produced or Consumed by the consumer to satisfy current wants or needs. Consumer Goods are ultimately consumed, rather than used in the production of another good. Examples of Consumer Goods?Common examples of consumer durable goods are automobiles, furniture, household appliances, and mobile homes. (See also…
Collective Investment Scheme (i.e. a mutual fund) is an investment vehicle comprising a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, commodities, money market instruments, securities, treasury bills and other capital markets instruments. Collective Investment Scheme Work?When you invest your money in a Collective Investment…