ITP Updated Final Suggestion and Answer (Collected)
Hello participant of ITP, we have been given you some tips about ITP question and solution from in our poor knowledge. Today i would like to inform you, our govt. authority has disclose some question and answer in his website. There is a tap "FAQ" it's most important to know about TAX, VAT and Customs. In text of ITP (Income Tax Practitioner) you are getting benefited to take the or read the question. It's may be helpful by passing ITP Exam. So, don't be late Click the below link for getting the opportunity. ITP FAQ
Announcement of Income Tax Practitioner (ITP) Registration-2017
Under Income Tax Ordinance, 1984 of Section-174 and Income Tax Rules 1984 of Section-37, An Application Form & Circular is here, So Visit or Click
AV=> Asses-sable Value.
RD=> Regularity Duty.
SD=> Supplementary Duty.
VAT=> Value Added Tax.
AIT=> Advance Income Tax.
ATV=> Advance Tread VAT.
B/ New Nissan Almera Sedan Car 1500CC Assessable Value after adding insurance & handling charge
|Type||Tax base||Rate %||Amount|
|Add. CD @25%||309,986.36||309,986.36|
|Duty paid Value||1,549,931.78|
|Add. RD @4% on CD||49,597.82||49,597.82|
|AV, CD & RD Value||1,599,529.59|
|Add. SD @45% on AV, CD & RD Value =||719,788.32||719,788.32|
|Base value on VAT||2,319,317.91|
|AIT @5% on AV||61,997.27||61,997.27|
|ATV @126.67% on Vatable Value muilply @4%||117,515.20||117,515.20|
The below table indicate the standard statement of direct cost—-Ref….ICMAB