UPDATESJanuary 8, 2021FBR formed committee to improve Income Tax Return forms By Admin The Federal Board of Revenue (FBR) on Friday formed a committee to simplify income tax returns for…Read more
TAXATIONFebruary 28, 2022Tax Year 2021 Active Taxpayers’ List to be Published on 1 March 2022 By Admin The Federal Board of Revenue (FBR) will publish the Active Taxpayers’ List (ATL) for the Tax Year…Read more
BUDGETOctober 17, 2021Penalty for Non Filing of Annual Income Tax Returns 2021 By Admin A penalty of Rs1,000 each day of default has been implemented from Saturday after the expiry of…Read more
UPDATESSeptember 27, 2021Updated Penalty Provisions on failure to file the return within the due date 2021 By Admin The Federal Board of Revenue (FBR) has clarified that a person who fails to file the return within…Read more
UPDATESSeptember 15, 2021Separate FBR Iris portal for overseas Pakistanis for Income Tax Return filing By Admin Federal Board of Revenue (FBR) on Tuesday issues press release and announced that a separate FBR…Read more
UPDATESSeptember 10, 2021FBR says No extension in Returns filing date after 30th September 2021 By Admin Federal Board of Revenue (FBR) Thursday decided for no extension in tax returns filing date after…Read more
TAXATIONSeptember 8, 2021Last date to filing income tax return and penalty for non filing By Admin TAX PERIOD FOR INCOME TAX RETURNIncome Tax Return relates to a specific tax year. A tax year is…Read more
TAXATIONAugust 28, 2021FBR issues Manual Income Tax Return Forms for Individual and AOPs for Tax Year 2021 By Admin The Federal Board of Revenue (FBR) on Friday issued manual income tax returns forms for tax year…Read more
BUDGETAugust 18, 2021Changes to offences and penalties under Finance Act 2021 By Admin The Income Tax (Second Amendment) Ordinance, 2021 promulgated in March 2021 was proposed to be made…Read more
UPDATESMarch 3, 2021Late Return Filers Can Join ATL After Payment of Surcharge By Admin The Federal Board of Revenue (FBR) uploaded the List of Active Taxpayers (ATL) for the tax year 2020…Read more