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
UPDATESOctober 17, 2021No of tax filers for tax year 2021 at deadline By Admin Against 7.2 million taxpayers registered with the Federal Board of Revenue (FBR), just 2.5 million…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
UPDATESMarch 17, 2021About 200,000 late filers got active taxpayers status By Admin According to latest Active Taxpayer List issued by FBR, about 200,000 income tax return filers paid…Read more
UPDATESMarch 3, 2021Late Return Filers Can Join ATL After Payment of Surcharge By Admin The Federal Board of Revenue (FBR) uploaded the List of Active Taxpayers (ATL) for the tax year 2020…Read more
TAXATIONMarch 2, 2021Number of active taxpayers dropped by 30% By Admin In a worrying development, the number of active taxpayers has dropped by 30% or 935,000 to just 2.2…Read more
TAXATIONJanuary 25, 2021Income tax returns filing reached at new peak By Admin According to the weekly list of active taxpayers (ATL) released on Monday, the Federal Board of…Read more
UPDATESJanuary 18, 2021Penalties will not be imposed on late filers of income tax returns: FBR By Admin The Federal Board of Revenue (FBR) has decided to not penalize late filers across the board for…Read more
TAXATIONJanuary 13, 2021Income Tax Return Filing reached at it's peak By Admin Income tax return filing reached at it’s peak of 3.03 million for tax year 2019, according to…Read more
UPDATESJanuary 8, 2021FBR appealed to all taxpayers to file income tax returns before march 2021 By Admin The Federal Board of Revenue has issued a statement stating that there has been a significant…Read more