Income Tax Exemptions in Pakistan

In The name Of Allah The Most Merciful & The Most Beneficent appellative of: Principle & Practice Income task Topic: Need of Tax Exemption [pic] Question: What is the learn of Tax Exemption or Tax Concession in income assess revenue from government point of view? And Does present income taxation exemption policy of Pakistan effective in achieving its objectives give comments?

revenue EXEMPTION According To Community Benefit theorists Tax-exemption contributes to pluralism by providing the public goods and function that either are undersupplied by the private market or by the government or else not wind in the homogeneous socially desirable manner NEED OF TAX EXEMPTION Tax Exemption is provided for various purposes discussed below which are: ? To come along economic activity ? To Provide Benefit to society ? To Provide Corporate Welfare ? To cajole Businesses ? To pass on Organizations ? To Encourage Religious Activities ? To Encourage Economic Activities ? To Encourage Retirement-Led Investment ? To Promote Economic activity Tax exemptions are usually meant to either reduce the tax burden on a particular subdivision of society in the interests of fairness or to promote just about type of economic activity through reducing the tax burden on those organizations or individuals who are involved in that activity. ? To Provide Benefit To Society Tax Exemptions are accorded to certain organizations because they provide a benefit to society which the government is unable or unwilling to provide. ? To Provide Corporate Welfare Tax Exemption to detail businesses such as Big Oil is for corporate welfare. ? To Attract Businesses Exemption from property tax and other local tax is used as a tool for attracting business to areas twinge from economic down turn or depression. ? To Promote Organizations... If you emergency to get a full essay, order it on our website: Orderessay

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