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Tax Practitioners Urged FBR to issue FTNs against Withholding tax Deduction

Tax Practitioners Urged FBR to issue FTNs against Withholding tax Deduction

Tax practitioners have urged the Federal Board of Revenue (FBR) to issue Free Tax Numbers (FTNs) to persons who are not liable for withholding tax. In its proposals for budget 2021/2022, the Karachi Tax Bar…

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SBP extends prize bond encashment deadline

SBP extends prize bond encashment deadline

State Bank of Pakistan (SBP) extended the last date for encashment or conversion of prize bonds of Rs 15,000, Rs 25,000 and Rs 40,000 up to September 30, 2021, a circular issued by the SBP.…

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The Punjab Letters of Administration and Succession Certificates Ordinance 2021

The Punjab Letters of Administration and Succession Certificates Ordinance 2021

The Governor of Punjab has issued a new succession law called “The Punjab Letters of Administration and Succession Certificates Ordinance 2021”. Procedure for applying the succession certificate / letter of administration is as following: Step:…

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CPEC Related Gwader Projects

CPEC Related Gwader Projects

S.No Project Name Estimated Cost(US$ M) 1 Gwadar East-Bay Expressway 168 2 New Gwadar International Airport 230 3 Construction of Breakwaters 123 4 Dredging of berthing areas & channels 27 5 Development of Free Zone…

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Step by Step Guide for Registration as Builder & Developer

Step by Step Guide for Registration as Builder & Developer

Not Registered Please go to https://iris.fbr.gov.pk/public/txplogin.xhtml and Click “Registration for Unregistered Person”. Already Registered 1- Please use your Iris login and password to enter in Iris application. 2- After logging in, on left upper corner…

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Best Classes Online for Tax Courses In Pakistan

Best Classes Online for Tax Courses In Pakistan

The online tax course offered by Global Tax Consultants comprises of theoretical, practical and numerical concepts of Tax Laws prevailing in Pakistan. In this online tax course opportunity available to learn the registration matters, monthly…

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Government fixes Nisab for Zakat at Rs80,933 for 2021

Government fixes Nisab for Zakat at Rs80,933 for 2021

The federal government of Pakistan has fixed Nisab for Zakat deduction on bank accounts for the current year 2021 at Rs 80,933. A notification issued by the Administrator-General Zakat about zakat Nisab. Where the Nisab…

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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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15000 Prize Bond List 2021 Announced, On 1st April 2021

15000 Prize Bond List 2021 Announced, On 1st April 2021

Rs 15000 prize bond list 2021, announced on, 1st April 2021. List of Rs 15000 prize bond also updates here. State bank does the balloting for the 15000 Rs. Prize bonds. 1st prize of the 15000…

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Pay as You Earn (PAYE)

Pay as You Earn (PAYE)

What is Pay As You Earn (PAYE) ? Employee’s tax refers to that tax which required to deduct by an employer from the amount of salary or remuneration paid by employer or payable or accrue…

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