Agriculture Income Tax Rate in Punjab Pakistan 2020-2021

Agriculture Income Tax Rate in Punjab Pakistan 2020-2021

Agriculture Income tax Rate in Punjab Pakistan in year 2020-2021 on total agricultural income as per acre; THE FIRST SCHEDULE [SEE SECTION 3(1)] Land-based or area based tax is assessed on the basis of the…

Read More
FBR proposes collaboration with Provinces for collection of Agricultural Income Tax

FBR proposes collaboration with Provinces for collection of Agricultural Income Tax

In line with the Government’s resolve towards broadening of tax base and documentation of economy, Dr. Muhammad Ashfaq Ahmed, Chairman FBR has initiated a huge challenge to plug in tax evasion of Agricultural Income through…

Read More
Tax on Agricultural Income in Pakistan

Tax on Agricultural Income in Pakistan

Tax on Agricultural Income in Punjab Agricultural income is an exempt income from tax under section 41 of the Income Tax Ordinance, 2001. Such exemption from tax under ITO 2001 ( section 41 & section…

Read More
FBR issued list of identified Tier1 nonintegrated retailers

FBR issued list of identified Tier1 nonintegrated retailers

The Federal Board of Revenue (FBR) has advised Tier-1 Retailers to integrate their systems with the revenue authority, failing which they would be denied credit for input tax equal to 60 per cent, claimed in…

Read More
Share it !