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In Pakistan, cash flow tax is levied on persons and businesses centered on their own taxable revenue. Taxable profits is the entire money gained all through a tax calendar year, minus any deductions and exemptions which can be permitted beneath the tax legislation.
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Tax dependent: A tax dependent is a qualifying kid or relative whose particular romance to the taxpayer permits them to get claimed on that human being's tax return. The IRS has a number of guidelines which can help taxpayers ascertain irrespective of whether a person is actually a dependent.
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