Month: September 2021
FBR extended Tax Return Filing Date 2021
Minister Shaukat Tarin decided to extend the date considering the constant demands from the business community.The tax collection body had… Read More
Procedure to get extension in Date for filing annual Income Tax Returns
In case a person unable to file annual Income Tax return and wealth statement by due date he has right… Read More
FBR’s Updates regarding extension in date of filing Income Tax Returns 2021
The Federal Board of Revenue has re-iterated its position that there shall not be any extension in the statutory date… Read More
Updated Penalty Provisions on failure to file the return within the due date 2021
The Federal Board of Revenue (FBR) has clarified that a person who fails to file the return within the due… Read More
If Bank fails, depositor will get Rupees 500,000
The Deposit Protection Corporation has increased the guarantee amount for all the eligible depositors of banks from Rs. 250,000 to… Read More
Current figures of tax filings for tax year 2021
Federal Board of Revenue (FBR) has currently received just one million income tax returns with only five days left in… Read More
FBR rejected claims of Currency smuggling from Pakistan
The Federal Board of Revenue (FBR) has categorically rejected that dollars are being smuggled from Pakistan across the Pakistan-Afghanistan border.… Read More
State Bank of Pakistan tightened the rules and regulations of auto financing
The State Bank of Pakistan has tightened the rules and regulations of auto financing for consumers to get cars of… Read More
Tax Incentives granted under tax laws third amendment ordinance 2021
Within third month of passage of Finance Act, 2021, the Government felt the need of introducing amendments in the Tax… Read More
Computational Errors in FBR Iris Portal identified by KTBA
Karachi Tax Bar Association (KTBA) has expressed dissatisfaction over the classification of income set in IRIS (portal for e-filing of… Read More