Income Tax: Including Gift Tax & Value Added Tax (VAT) Revised according to Finance Act, 2005 Dr.

Abstract

Taxation laws by nature are complex. So is the case with Income Tax Ordinance, 1984 which came into force on 1st July, 1984 replacing the Income Tax Act, 1922. In such a context, we have made a humble attempt to provide the concerned parties specially the students with the overall picture of income tax laws prevailing in our country with clear conception as simply as possible.