What is foreign income and asset statement?
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Section 116A: Foreign income and assets statement (c) complete particulars of foreign income, the expenditure derived during the tax year and the expenditure wholly and necessarily for the purposes of deriving the said income.
What is money bill Pakistan?
Money Bill – A Bill containing provisions dealing with all or any of the matters specified in Article 73 of the Constitution. Motion – A formal proposal made by a member including a minister relating to any matter which may be discussed by the Senate and includes an amendment.
What is Article 69 Pakistan Constitution?
“69. (1) The validity of any proceedings in [Majlis-e-Shoora(Parlianment)] shall not be called in question on the ground of any irregularity of procedure.
Do overseas Pakistani need to declare assets?
Mistakes in Filing of Wealth Statements u/s 116 If the income of a non-resident/ overseas Pakistan is under normal tax regime (tax return to be filed under section 114 of the Income Tax Ordinance, 2001) then the filing of wealth statement is not mandatory for non-residents Pakistanis/ overseas Pakistanis.
What is wealth statement?
Your Wealth Statement is a declaration of the total assets and liabilities whether existing or acquired or transferred out during the year, and all the expenditure incurred during the year that is used to assess your actual income.
What is a bill vs law?
When a bill is passed in identical form by both the Senate and the House, it is sent to the president for his signature. If the president signs the bill, it becomes a law. Laws are also known as Acts of Congress. Statute is another word that is used interchangeably with law.
What is the name of the Parliament of Pakistan?
The Parliament of Pakistan (Urdu: مجلس شوریٰ پاکستان Majlis-e-Shūrā Pākistān, literally “Pakistan Advisory Council” or “Pakistan Consultative Assembly”) is the federal and supreme legislative body of Pakistan.
What is the National Assembly of Pakistan?
The National Assembly of Pakistan is the country’s sovereign legislative body. It embodies the will of the people to let themselves be governed under the democratic, multi-party Federal Parliamentary System.
What type of government does Pakistan have?
At the national level, Pakistan elects a bicameral legislature, the Parliament of Pakistan, which consists of a directly elected National Assembly of Pakistan and a Senate, whose members are chosen by elected provincial legislators.
Who addressed the Constituent Assembly of Pakistan in 1947?
Lord Mountbatten, Governor General of India, addressed the Constituent Assembly of Pakistan. The Quaid gave a reply to the address in the house, on which the principles of the State of Pakistan were laid. On 15 August 1947, the Quaid-i-Azam was sworn in as the first Governor General of Pakistan.