FBR uploads Income Tax Return Forms for Tax Year 2021

FBR uploads Income Tax Return Forms for Tax Year 2021

Federal Board of Revenue (FBR) has uploaded the Income Tax Return Forms for Tax Year-2021. Separate Return Forms for Salaried, Association of Persons and Business Individuals have been uploaded. Submit the Income Tax Returns through…

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FBR formed committee to improve Income Tax Return forms

FBR formed committee to improve Income Tax Return forms

The Federal Board of Revenue (FBR) on Friday formed a committee to simplify income tax returns for the tax year 2021. This step of FBR is part of various reforms under the special direction of…

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40 percent of registered taxpayers do not file sales tax forms

40 percent of registered taxpayers do not file sales tax forms

Forty percent (40%) of the taxpayers registered with the Sales Tax Directorate do not submit their sales tax forms. They cheat the government revenue and honest taxpayers by engaging in the activities of fraud. 40%…

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Tax year 2020 draft return forms issued by FBR

Tax year 2020 draft return forms issued by FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued draft forms for filing income tax returns tax year 2020. The FBR issued SRO 745(I)/2020 and invited comments from stakeholders on the draft return forms within seven days from the…

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Shaukat Tarin warns Tax defaulters of action after third-party audit

Shaukat Tarin warns Tax defaulters of action after third-party audit

Federal Minister for Finance and Revenue Shaukat Tareen has warned that if any error is found after a third party audit, it will result in the launch of an investigation and penal action. “In this…

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Withdrawal Of 15,000 & 7,500 Denomination National Prize Bonds From Circulation

Withdrawal Of 15,000 & 7,500 Denomination National Prize Bonds From Circulation

Finance Division (Budget Wing), Government of Pakistan issued Notifications No. F.16(1)BS /2021-750 and F.16(1)BS /2021-751 dated April 28, 2021, regarding conversion / redemption / encashment of Rs. 15,000/- and Rs. 7,500/- denomination National Prize Bonds,…

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Federal Board of Revenue alerts Taxpayers about Fake and Harmful Emails

Federal Board of Revenue alerts Taxpayers about Fake and Harmful Emails

Federal Board of Revenue (FBR) received complaints from taxpayers that emails are being sent to them regarding income tax defaulters list. In a press release, Federal Board of Revenue (FBR) denied any link / relation…

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Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

Guide To LDA City Naya Pakistan Apartments and How to Apply for Bank of Punjab Loans

With the objective of constructing 50,000 housing units, an effort can be seen in the form of ‘LDA City Naya Pakistan Apartments’. Under this project, the government has approved the construction of 35,000 affordable apartments. This…

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Cabinet approved budget proposals to meet the IMF’s Demands

Cabinet approved budget proposals to meet the IMF’s Demands

The federal cabinet has approved a new budget to impose a tax of Rs 140 billion to meet a condition of the International Monetary Fund (IMF). An increase of 1.4 Trillion rupees through tax exemptions.…

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Digital Tax Increased Ad Rates by Google

Digital Tax Increased Ad Rates by Google

Google has told users it will increase advertising rates on its French and Spanish platforms by 2% from May to help eliminate the effects of the digital tax on profits. France has collected taxes from…

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