11-29-2004, 11:01 PM
AoA,
the concept of assessment year has been done away with the end of Income Tax Ordinance 1979, The ITO 2001 has totally different concept based on audit instead of assessment. In ITO 2001 tax is levied/calculated on the basis of tax year.
I do hope that it will be the answer.
massood ar.
the concept of assessment year has been done away with the end of Income Tax Ordinance 1979, The ITO 2001 has totally different concept based on audit instead of assessment. In ITO 2001 tax is levied/calculated on the basis of tax year.
I do hope that it will be the answer.
massood ar.
