Income tax ordinance 2001 was promulgated on ___ 2001.

Explanation
Income Tax Ordinance, 2001 was promulgated on 13th September 2001 . It shall come into force on July 01, 2002 and will be applicable from the said date.inland

Explanation
 It extends to the whole of Pakistan.

Explanation
In  a  nonprofit organization, income is n ot distributed to the group's members, directors, or officers.inlam

Explanation
National Clearing Company of Pakistan Limited , which collects capital gains tax on shares, has determined the value of shares for CGT based on this formula in accordance with Section 37a of ITO 2001.

Explanation
The term minor refers to a person who is under the "age of majority"

Explanation
The Karachi Interbank Offered Rate, commonly known as KIBOR, is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale money market.

Explanation
The Federal Board of Revenue, f ormerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering. 

Explanation
FBR performs role of collection of taxation in the country from all individuals and businesses.

Explanation
FBR performs role of  collection of taxation   in the country from all individuals and businesses.

Explanation
Functional teams are composed of organizational members from several vertical levels of the organizational hierarchy who perform specific organizational functions.