Byline: Qalb-e-Abbas Kazmi - Karachi
ALL employees of the federal and provincial governments receive their salaries of the month during the first week of the following month.
For example, a salary for the month of June was disbursed to these employees during the first week of July. Therefore the amount of their salary as of June 30 became receivable (but not received) for them.
If such receivable is not shown by these employees in their income tax returns as of June 30, they will be considered untruthful, if we follow strict interpretation made by the Supreme Court in the Panama papers case.