It is the automatic reaction of revenues to changes in income while the tax structure remains same that is taken into account in this study. However, tax buoyancy is a measure that takes into account both the effects of income and discretionary changes on revenue revenues. Contents1 How is tax elasticity calculated?2 What happens when […]
How To Pay Property Tax Online In Pakistan? (Question)
The use of ePay Punjab to pay your taxes and fees allows you to go cashless and paperless while maintaining convenience. Get the App by clicking here (ePay Punjab App) Download the ePay App from the Apple App Store or the Google Play Store to take advantage of the company’s simple tax payment services. Determine […]
How Long Does Tax Refund Take? (Solution found)
In the case of a paper tax return that is complete and accurate, your refund should be granted in about six to eight weeks following receipt of your return by the IRS. If you submit your return electronically, you should receive your refund in less than three weeks; if you choose direct deposit, you should […]
What Is Presumptive Tax Regime? (Solution)
Presumptive taxation (Section 44ADA) has been introduced for professionals, under which professionals can file their returns declaring 50 percent of their gross receipts (which must be up to Rs. 50 lakhs) as income, and after deducting section 80 deductions, professionals are required to pay tax on the remaining balance total. Contents1 What is meant by […]
How To Print Tax Return Online? (Solved)
Get a Free Copies of Previous Year’s Tax Returns Users who have returned to the site: Step 1) Log in to your account. Step 2) Select Prior Years from the drop-down menu at the top of the screen. Step 3) Select the appropriate year from the Prior Year Returns section. In Step 4, you will […]