10-11-2004, 02:53 AM
hay friend
yes there is very clear difference between deductible allownce and allowable deduction.
Allowable deductions are the expenses which are allowed under Income Tax Ordinance 2001 e.g salaries, rent etc. ALLOWABLE DEDUCTIONS ARE ALLOWED AS A RIGHT OF TAXPAYER.
Deductable allownce are deducted from total income(income less allowable deductions) like zakat, wppf,wwf. DEDUCTABLE ALLOWNCE ARE ALLOWED AS A CONCESSION TO THE TAXPAYER.
I hope u will be satisfied by this reply, although the reply is too late
yes there is very clear difference between deductible allownce and allowable deduction.
Allowable deductions are the expenses which are allowed under Income Tax Ordinance 2001 e.g salaries, rent etc. ALLOWABLE DEDUCTIONS ARE ALLOWED AS A RIGHT OF TAXPAYER.
Deductable allownce are deducted from total income(income less allowable deductions) like zakat, wppf,wwf. DEDUCTABLE ALLOWNCE ARE ALLOWED AS A CONCESSION TO THE TAXPAYER.
I hope u will be satisfied by this reply, although the reply is too late
