Estimation means اندازہ

Income means آمدنی

Expenditure means خرچہ

A budget deficit occurs when expenses exceed income, usually measured over a single financial year.

FBR was Founded on July 1, 1950

The Federal Board of Revenue, formerly known as the Central Board of Revenue,

All properties, assets and records of the Central Board of Revenue were transferred to FBR by the enactment of FBR Act 2007.

In the FBR Act 2007, “fiscal laws” means laws relating to taxation

Most of the revenue the government collects comes from contributions from individual taxpayers, small businesses, and corporations through taxes that get collected on a yearly or quarterly basis.

The remaining sources of federal revenue consist of excise, estate, and other taxes and fees.

The tax year is 1 July through 30 June.

However, tax authorities are empowered to approve a special year-end.

A computerized system, process, or business is one in which the work is done by computer

Government of Pakistan fiscal policies related to Tax and Expenditure.

حکومت پاکستان کی مالیاتی پالیسیاں ٹیکس اور اخراجات سے متعلق ہیں۔

Fiscal policy addresses taxation and government spending, and it is generally determined by government legislation

It extends to the whole of Pakistan.

Pre-commencement expenditure shall be amortized on a straight-line basis at the rate of 20%.27-Mar-2019