W.T.A. NO. 55(IB) OF 1993-94, DECIDED ON 5TH DECEMBER, 1995. versus W.T.A. NO. 55(IB) OF 1993-94, DECIDED ON 5TH DECEMBER, 1995.
Wealth Tax Act 1963 Section 5 (I) Exemption Principles of Foreign remittances If a spy has been brought into Pakistan and by this money an asset has been created which includes any immovable or immovable property. Cannot be converted to a movable or immovable asset. In addition to the tax money, the net assets will be excluded, however, where the asset is partially prepared from remittances received overseas and partly from its local sources. This asset will be excluded from its net wealth. Foreign remittances will be able to be taxed based on the amount of the asset that is the proportion of foreign remittances in the total amount spent to construct the asset, representing the once-scheduled non-remittance. Domestic remittances will remain the same if the value of the asset increases at a particular price date [from its value
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