What do mean by gross receipts and minimum tax

Reference no: EM132783829

problem 1: Fiscal policy is largely the ways and means of defining the level of government expenditures and tax collection in a particular year. Briefly describe the main objectives that government considers in setting the tax policy.

problem 2: In light with Section 82C of the Income Tax Ordinance 1984, what do you mean by "Gross receipts" and "Minimum tax"?

problem 3: Write down the relevant provisions as to how the last date for the submission of return can be extended up to four months.

Reference no: EM132783829

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