Download INCOME TAX BASICS — Before Registration and Filing of your Income Tax Return, 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.
INCOME TAX BASICS — Before Registration and Filing of your Income Tax Return, 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.
About the Author: Muhammad Imtiaz
October 14th, 2019 | 0 Comments
COMPILATION OF ORDERS RELATING TO VARIOUS SCHEMES OF PAY SCALES, ALLOWANCES AND FRINGE BENEFITS FROM 1972 TO 2017 (FEDERAL GOVERNMENT) — Basically, this book is only a compilation of orders on the subject of Pay Scales issued by the Government of Pakistan from time to time. In order to facilitate the Federal Government offices and the employees in getting information regarding the revisions, made by the Federal Government, in the Pay, Allowances and fringe benefits, from time to time, Finance Division had earlier compiled the orders of the Federal Government relating to Pay Scales, Allowances etc. in 1984. Necessity for compilation of such an updated book on Revision of Pay Scales, Allowances and fringe benefits was being felt for quite some time. Finance Division, therefore, initiated an exercise in this regard and has now compiled updated document up to 2017.October 9th, 2019 | 0 Comments
CASH MANAGEMENT & TREASURY SINGLE ACCOUNT POLICY 2019 – 29 — The efficient treasury is a vital instrument for better Public Finance Management (PFM). The key objectives of this modern cash management are timely availability of cash to meet obligations, economizing on cash within the government to save costs and reduce risk, management of government’s short-term cash flows efficiently (both cash deficits and cash surpluses) in such a way as to benefit debt management and monetary policy. The cash management practices have also transformed like other aspects of treasury functions. This cash management policy will focus on efficient cash management with ability to forecast daily cash flows across the TSA. It shall result into smooth cash flows with lower average cash balances, reduced borrowing costs, lower interest on cash balances than interest on marginal borrowing and less pressure on monetary policy operations.September 29th, 2019 | 0 Comments
ACCOUNTING CODE FOR SELF ACCOUNTING ENTITIES — This Manual is issued to set out the accounting principles and financial reporting responsibilities in accordance with which the accounts of Self Accounting Entities shall be kept, in pursuance of article, 170 of the Constitution of Islamic Republic of Pakistan. The effective date for application of this Manual is the date of issue of this Manual by the Auditor-General. All accounting entities will have up to two financial years (commencing from 1 July subsequent to the effective date of release) to be in full compliance with this Manual. An accounting entity is any unit of Government (e.g. ministry, division, and department), whose principal source of funding is an appropriation from the Federal and Provincial Governments, which prepares input to the accounting system and which is not an Exempt Entity as set out at 188.8.131.52 of this Section. This manual commences with detailed guidelines on the financial reporting responsibilities applicable to Self Accounting Entities and the accounting principles to which they must adhere. This Manual also provides guidelines for Self Accounting Entities who are in a transitionally phase (as they may be in the process of aligning their financial reports and accounting principles as prescribed by this Manual).September 26th, 2019 | 0 Comments
COMPILATION OF GENERAL ORDERS RELATING TO ALLOWANCES (OTHER THAN TRAVELLING ALLOWANCE) OF FEDERAL GOVERNMENT — This Compilation incorporates all important General Orders relating to Allowances other than Travelling Allowance. Compilation of General Orders Relating to Allowances (Other than Travelling Allowance) was last prepared in July, 2002. Since then a number of orders have either been deleted, amended, updated or replaced by the Government, necessitating its revision. The clarifications and amendments, issued from time to time since 2002, have been incorporated. While latest orders have also been placed in the new edition.September 19th, 2019 | 0 Comments