TAXATIONNovember 19, 2021Senate Committee suggests changes to Tax Laws (Third Amendment) Bill 2021 By Admin The Senate Standing Committee on Finance on Thursday reviewed the Tax Laws (Third Amendment) Bill…Read more
BUDGETSeptember 24, 2021Tax Incentives granted under tax laws third amendment ordinance 2021 By Admin Within third month of passage of Finance Act, 2021, the Government felt the need of introducing…Read more
BUDGETSeptember 20, 2021Highlights on Tax Laws Third Amendment Ordinance, 2021 By Admin Compulsory Digitized Payment for Expenditure by Companies:This is a highly discussed amendment…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
TAXATIONSeptember 21, 2021Non-Banking Foreign Remittance Channels Legalizes by Third amendment Ordinance 2021 By Admin The government has given legal cover to foreign remittances through Money Service Bureaus (MCBs)…Read more
UPDATESSeptember 20, 2021NADRA empowered to use artificial intelligence to increase tax base By Admin National Database and Registration Authority (NADRA) has been empowered by government to compute…Read more
BUDGETAugust 10, 2021List of sales tax exemptions granted in budget 2021-2022 By Admin Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…Read more
BUDGETJune 11, 2021Highlights, New Taxes, Relief and Incentive Measures in Budget 2021-2022 By Admin The government presented the next fiscal year’s (2021-2022) budget with a total volume of over Rs.Read more
TAXATIONApril 6, 2021List of exemptions from total income withdrawn through Second Amendment Ordinance By Admin Federal Board of Revenue (FBR) through Tax Laws (Second Amendment) Ordinance, 2021 have withdrawn…Read more