Lahore High Court serves contempt notice to FBR chairman over minimum Tax Formula

Lahore High Court serves contempt notice to FBR chairman over minimum Tax Formula

The Lahore High Court (LHC) issued contempt notices to the Federal Board of Revenue (FBR) over its failure to implement the court’s orders pertaining to the minimum tax computation formula adopted by service sector taxpayers…

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Computational Errors in FBR Iris Portal identified by KTBA

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 income tax returns), citing various computational errors and glitches. In a letter sent to the…

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Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

Tax Terms Glossary | Tax Terminology | Tax Legal Definitions

The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax terms explained in a plain and simple way. We have put together many of the most…

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